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Efforts to develop new plans by the International Monetary


yota691
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Efforts to develop new plans by the International Monetary

   
 

 
 

6/21/2017 0:00 
 
Baghdad / agencies 
newspaper Nikkei reported that the Japanese characteristic of the new IMF plan it does not require structural reforms , such as the last costly rescue programs. 
The newspaper pointed out that " the International Monetary Fund formally adopt this new framework during a meeting of the whole leadership by the end of the month, has begun talks with the Association of Southeast Asian Nations countries (ASEAN)" in this regard, noting in return that the fund "does not intend to hold talks with China, which has huge cash reserves in dollars. " 
The new system aims mainly to address the risk of collapse as a result of his intensive escape of capital. The return of funds under the plan to the United States, at a time when the US Federal Reserve began tightening its monetary policy, boosting the attractiveness of the dollar. 
A collapse of the currency can cause financial crises with the growing foreign debt burden on the State concerned, the situation was getting more dangerous in the event of the intervention of speculators to benefit from these conditions. In the face of such a situation, the countries concerned have to directly intervene in exchange markets to support its currency by buying dollars and selling operations. 
The new mechanism that IMF works to put these countries are supposed to help to borrow in dollars, so mainly through the near - term loans not exceeding one year. 
The newspaper pointed out that the fund "will evaluate potential borrowers in normal conditions," and that " the loans will be limited in the light of several factors, including the contribution of each country in the Fund." 
The newspaper said the monetary crisis experienced by Asian countries in 1997, pointing out that the International Monetary Fund has supported Indonesia at the time, but imposed strict conditions in return, forcing them to leave the country banks facing difficulties. The Nikkei pointed out that the crisis provoked shock among ASEAN countries, and left the hostility of the Fund. 
Despite the progress that has been achieved since the global financial crisis in 2008, markets remain vulnerable to destabilize , if embarked on other central banks like the European Central Bank to adopt fiscal tightening policy.
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Thank You and GM Yota, . Help me out here , Help me out here . This seems to be saying that after the FED boosted the attractiveness of the dollar . They are now expecting a collapse in the States do to dollar return . Which may cause crisis to ASEAN and emerging countries requiring a Mechanism to be in place by the end of the month in order for ASEAN countries to borrow dollar for support.? Very interesting near future times ahead 

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