IMF open to idea of Asian Monetary Fund

IMF managing director Horst Kohler addressing a luncheon meeting in Malaysia, said that the Fund is open to the idea of an Asian Monetary Fund and that the IMF could provide constructive dialogue on the idea.

Source: Reuters

The International Monetary Fund is open to the idea of an Asian Monetary Fund that could assist Asian emerging economies in times of financial troubles.

"If they (Asian countries) feel that an Asian Monetary Fund is an answer, they should go ahead. We are open to the idea