Reported 8 months ago
On June 18, 2024, the International Monetary Fund (IMF) and the People's Bank of China jointly announced the establishment of a new IMF regional center in Shanghai to strengthen IMF's work and partnerships in the Asia-Pacific region. This center is expected to serve as a hub for research, providing policy insights for emerging markets and middle-income countries. The center aims to deepen understanding of member countries' perspectives and promote international economic cooperation, enhancing financial stability globally and regionally. China has the second-largest IMF quota, and with the center's establishment, it will facilitate communication with regional members and stakeholders for targeted capacity-building activities.
Source: YAHOO