IMF’s Zhang says external financial lifelines must be ‘preserved’

asia pacific

The International Monetary Fund is providing training to regulators in the Pacific region in response to a loss of correspondent banking.

In his final speech as deputy managing director, Tao Zhang said fiscal revenues, business income and remittance flows had been threatened by the departure of banks in the region.

“All stakeholders must preserve external financial lifelines,” he said. “The IMF is helping to find solutions by providing AML/CFT [anti-money laundering/countering the financing of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: