Dominique Strauss-Kahn, Managing Director of the International Monetary Fund, highlighted the role of Asia in future in global economic policies, vowing to allow stronger voice of the region in the IMF.
“Asia's time has come. No one can doubt that Asia's economic performance will continue to grow in importance,” Strauss—Kahn said in his opening address to the Asia 21 high-level conference held in Daejeon in South Korea. The two-day conference, titled “Asia 21: Leading the Way Forward,” kicked off with opening addresses by South Korean Finance Minister Yoon Jeung-hyun and the IMF head, where the participants will hold discussions over Asia's global role and its new growth drivers.
The IMF officials are also planning to evaluate Asia's economic growth model and its implications of change for the global economy, while showcasing lessons of Asia's resilience during the crisis for other regions, Strauss-Kahn said.
“The macroeconomic, financial and corporate sector reforms put in place over the last decade have played an important role in the region's resilience,” Strauss—Khan said, attributing it to the continent's faster- than-expected recovery. — Xinhua