Asian Monetary Fund on the cards?

News|Bretton Woods Project|17 June 2008|update 61|url
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The long-awaited multilateralisation of the Chiang Mai initiative was agreed in early May in Madrid on the sidelines of the Asian Development Bank annual meeting. The Chiang Mai initiative is a series of bilateral agreements among the 10 members of the Association of Southeast Asian Nations (ASEAN) and neighbours South Korea, China and Japan (see Update 56, 52, 46). The so called ASEAN+3 group agreed to set up an $80 billion fund with 80 per cent of the money coming from the non-ASEAN members. Full details of surveillance mechanisms and conditions for use of the money have not yet been settled. Separately India signed a $3 billion bilateral currency swap arrangement with Japan.

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Published: 17 June 2008 , last edited: 17 June 2008

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Επίκεντρο η Ελλάδα (Greek language articles)
Με αφορμή την χωρίς προηγούμενο δραστηριότητα του ΔΝΤ στην Ελλάδα, το Βretton Woods Project παρέχει ορισμένα απο τα άρθρα του στα Ελληνικά.  Ελπίζουμε ότι η ανάλυση και οι πληροφορίες θα είναι χρήσιμες για τους‘Ελληνες πολίτες.
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