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Bangkok’s floating market, Thailand. Asia is a linchpin of international stability and has emerged from the global crisis with standing enhanced, said Lagarde (photo: Karen Su/Corbis)

The IMF and Civil Society

IMF Head Hails Asia’s Leading Role in Global Stability

July 13, 2012

Asia’s economies are central to global economic stability, and the region has emerged from the global crisis with its economic standing enhanced, the Managing Director of the IMF told an audience of top officials in Thailand.

Speaking at a dinner hosted by the Bank of Thailand on the last leg of a three-country Asian trip, IMF Managing Director Christine Lagarde said that this was a moment in history when Asia is of utmost importance to the world. “Asia is a linchpin for global economic stability and is being heard, both through its growing stature in the global economy, and also in the corridors of the Fund,” she said.

Lagarde’s remarks came at the end of a week-and-a-half long trip which took the IMF head to Japan, Indonesia, and Thailand where she met with top officials, women leaders, and also held a town hall discussion with Japanese students.

Her trip comes ahead of the IMF-World Bank Annual Meetings which are due to take place in Tokyo on October 9-14.

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