9 May 2016Author: Ramon Pacheco Pardo, King’s College Londoneastasiaforum – ASEAN+3 (the ASEAN members plus China, South Korea and Japan) was born from the ashes of the Asian financial crisis and the IMF’s response to it. It’s no secret that displeasure — if not hostility — to the policy prescriptions suggested by the Washington-based institution was a key driver behind ASEAN+3. When the global financial crisis spurred the development of the Chiang Mai Initiative Multilateralisation (CMIM) and the launch of the ASEAN+3 Macroeconomic Research Office (AMRO), it seemed that ASEAN+3 was finally setting up the structures to free itself from any future dependence on the IMF.But even as the ASEAN+3 grouping’s finance ministers and central bank governors gathered in Frankfurt for their 19th meeting a few days ago, it has become clear that ASEAN+3 needs to embrace the IMF if it is to transform into an essential feature of regional governance in East Asia. A strong ASEAN+3 should not be afraid to do so. Tiếp tục đọc “A strong ASEAN+3 should embrace the IMF”→
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