Global Economy Systemic Risk Reduce

Economic Forum New Champions in Tianjin will bePanggesitu expressed the hope that the summit in
opened on the 13th. Officials and economists fromSeoul to discuss development issues and trade,
around the world generally believe that the world hascontinue to push the Doha Round negotiations. She
been greatly reduced systemic risk, the futuresuggested that the summit in Seoul in the latest
reform of the international economic system shouldround of trade negotiations on making the report,
be strengthened to increase the voice of emergingand in 2011 to complete the trade negotiations. In
nations, to play the role of G20 summit boost theaddition, the G20 should also be established under the
development of the global economic balance.framework of development cooperation based on
Reduce systemic riskthe infrastructure, the social security system were
Zhu Min, the Special Adviser to the Internationaldiscussed, these are an important part of crisis.
Monetary Fund noted that, compared with two yearsIMF is changing
ago, the global systemic risk has been greatlyCui pointed out, IMF-representation of developing
reduced. Now the global capital and capital structurecountries, must be considered. He believed that the
has been much better than before, and liquidityrise of developing countries is a "historic" changes
returned to the normal situation. Even the existenceneed to be more balanced, more equitable and
of European sovereign debt crises, but the overallrepresentative institutions of global governance.
risk has declined.The reform of international financial institutions, the
Chinese Vice Foreign Minister Cui said the globalquota is one of the most concern. Zhu Min said, G20
economic center of gravity is shifting to Asia. If youis a requirement of 5% of IMF quota from the
look at the composition of G20 and emerging marketoriginal over-represented in these countries turned to
countries, developing countries accounted for 50% ofthose who represent less than the number of
the members, more balanced, more balanced, morecountries, IMF now also have to work, hoping to G20
equitable and representative global governancemeeting in Seoul early achievement of objectives.
institutions are playing an active role.He also said, IMF reform, the reform of the right to
During the discussion, participants said, shouldspeak is also important topics. Balance the diversity
strengthen the international financial regulatoryof staff, to establish a more effective voice
cooperation, in particular the framework of themechanism, developed countries not only reflects the
proposed G20 summit to play a role, to promotesound, but also can reflect the voices of emerging
balanced growth of the global economy. Indonesianmarkets. In addition, in ensuring that IMF borrowing
Trade Minister Mary Panggesitu said, looking forwardmechanism from the crisis, and afterwards into a
to the upcoming G20 summit in Seoul, Torontopreventive mechanism is also very important issue.
summit to honor commitments to promote theZhu Min said, IMF is changing in many ways, it needs
discussion of development issues and trade issues,to know G20, IMF also needs the support of all the
the Doha Round negotiations.G20 members.
She also said he hoped the summit in Seoul toHas just adopted for Basel III, Zhu Min, said it would
discuss the IMF reform, hoping for more participationaffect the financial sector, business model, business
of emerging economies to international affairs, butmodel. In Asia, the financial industry a capital
also to explore the issue of macroeconomic policyadequacy ratio to be higher than the rest of the
coordination, as well as in the G20 framework toworld market, but Duiyu bank practitioners who
achieve balanced development and sustainableLaishui, implementation of the Basel III is not so easy
development, as well as relevant economic, financialBasel agreements leave Yiding space, Rang all the
sector reform.banks time to prepare.