www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Hangzhou G20

IMF looks to expand Special Drawing Rights

By Li Xiang in Hangzhou (China Daily) Updated: 2016-09-06 07:27

IMF looks to expand Special Drawing Rights

International Monetary Fund Managing Director Christine Lagarde walks to the podium before a news conference at the G20 Summit news center on Monday. [Photo/China Daily]

The International Monetary Fund is exploring ways to broaden the use of its Special Drawing Rights after the leaders of the G20 reached a consensus on the matter at the G20 Summit in Hangzhou to enhance the resilience of the international financial system, IMF chief Christine Lagarde said on Monday.

"The IMF was really encouraged by the determination of China to use the SDR as a yardstick to measure reserves and as a currency for bond issuance," Lagarde told reporters at a news conference after the conclusion of the summit.

The call for greater use of SDR, a synthetic reserve currency administrated by the IMF, has been strongly backed by China as the country has been working to lift the global profile of its currency. The yuan will be officially included in the IMF's currency basket on Oct 1.

Lagarde vowed that the IMF will continue to expand the representation of emerging and developing economies in the organization as it needs to serve the entire membership.

The IMF chief also reiterated that the Chinese currency meets the criteria for the inclusion in the SDR as the Chinese monetary authority has made "constructive progress" by making its monetary policy more market-determined.

Experts said that the expansion of the use of the SDR will help improve the stability of the global financial system and the inclusion of the Chinese currency will in turn empower the influence of the SDR in international markets.

"The yuan's inclusion in the SDR will, to some extent, increase the influence of the SDR and enable it to play a greater role in the international financial markets," said E Zhihuan, an academic committee member at the International Monetary Institute of Renmin University of China.

The World Bank issued a landmark bond denominated in the IMF's SDRs in the Chinese interbank market last week.

World Bank President Jim Yong Kim said earlier that issuance of SDR bonds in China would support the G20's objective of expanding the use of the SDR, which has been listed as one of the G20's key financial tasks.

At Monday's news conference, Lagarde also said that the G20 leaders have endorsed several initiatives to support stability and resilience of the international financial architecture, which included the support for further strengthening of the global financial safety net with an adequately financed IMF equipped with a more effective tool kit.

"Global financial governance has been a big topic. After the January surge in market volatility, cooperation between countries has improved greatly and the G20 has been a suitable venue to cement the ties in that regard," said Hong Hao, chief strategist at BOCOM International Holdings in Hong Kong.

Chen Yingqun contributed to this story.

Quotes from Christine Largarde, IMF managing director , Reuters

"A first priority is a coordinated effort to raise growth. The G20 agreed that this will require making full use of all policy levers-monetary, fiscal, and structural-individually and collectively. The G20 also agreed to identify and prioritize reforms that provide the biggest growth impulse for each country, which is an area where the IMF is actively engaged. Pushing back against protectionism and pushing forward with free and fair trade is a vital component of this growth agenda."

"A second priority is a commitment that growth must be more widely shared. Again, countries should deploy proven tools to reduce excessive inequality and raise economic prospects, particularly for low-income groups and workers affected by rapid technological change-for example, through skills training and investments in education and health. We need increased growth, but it must be better balanced, more sustainable, and inclusive so as to benefit all people."

"On the low-growth trap, we take the very strong view that policymakers have to act upon the current situation, they have to use all positive tools and levers in order to respond to that risk, which is why I said monetary policy where possible, but where stretched too thin, use fiscal policy in order to stimulate demand, which we are short on at the moment."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产亚洲高清在线精品不卡 | 日本a级毛片视频播放 | 日本三级欧美三级 | 最新国产美女肝交视频播放 | 成人免费aaaaa毛片 | 欧美一级片 在线播放 | 成人欧美一区二区三区视频 | 免费毛片儿 | 99精品免费观看 | 99热在线观看| 欧美激情免费a视频 | 在线不卡亚洲 | 99在线看 | 91久久亚洲最新一本 | 国产一级a毛片 | 久久久久欧美情爱精品 | 欧美日韩国产人成在线观看 | 色欧美与xxxxx| 美女黄色免费在线观看 | 亚洲国产一区二区三区最新 | 91免费版网站 | 亚洲精品一区亚洲精品 | 亚久久伊人精品青青草原2020 | 日韩一区国产二区欧美三区 | 国产免费资源 | 大陆老太xxxxxxxxhd | 曰韩美女一级视频 | 一级毛片私人影院免费 | 亚洲爱视频 | 日韩一区二区在线观看 | 天堂亚洲网 | 日韩 国产 欧美视频一区二区三区 | 色偷偷在线刺激免费视频 | 真正全免费视频a毛片 | 国产黄色自拍视频 | 精品在线播放 | 成人性视频在线三级 | 男女男精品视频免费观看 | 久久91综合国产91久久精品 | 亚洲rct中文字幕在线 | 国产成人免费a在线资源 |