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Press Release: High-Level Conference on Financial Sector Issues in Emerging Markets in Asia: Role of the International Monetary Fund, October 11-12, 2004
October 13, 2004
The objective of the conference was for the IMF to listen to the views of senior officials on the progress being made in the development of the financial sectors in Asia and how the IMF could best support their efforts to facilitate this process. In addition to covering the IMF's traditional surveillance activities, the conference addressed the role of the Financial Sector Assessment Program (FSAP)2 as well as technical cooperation issues. Particular attention was paid to how the IMF could assist with ongoing efforts to identify financial sector issues of regional importance and analyze the implications of growing interdependencies for financial systems. A range of useful suggestions were made on how the IMF could better focus its work in the region, working in close partnership with Asian members of the IMF.
It was agreed that a similar dialogue between regional members and the IMF would continue in the future.
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