The Asian countries are strongly considering putting together an Asian version of the IMF.
http://www.ft.com/cms/s/0/8010911c-a164-11dd-82fd-000077b07658.html
This is quite an impressive initiative. Quite a bold move considering the global state of affairs.
Of course, Washington is highly opposing this move.
What are your first thoughts? What are the implications of an "A"MF?
http://www.ft.com/cms/s/0/8010911c-a164-11dd-82fd-000077b07658.html
This is quite an impressive initiative. Quite a bold move considering the global state of affairs.
Of course, Washington is highly opposing this move.
What are your first thoughts? What are the implications of an "A"MF?