IMF: Time To Move Forward On Global Financial System Reform
BEIJING -(Dow Jones)- Now is the right time to try to move forward on the
reform of international financial system, the head of the International Monetary
Fund said Tuesday.
Dominique Strauss-Kahn, the IMF's managing director, said that the political
landscape is more positive than in the past, so reform, for instance on the
global currency system, could be pushed forward.
"I don't know how high is the probability of success. The sole fact that the
probability is positive and not zero is enough to try to go forward," he said at
a financial conference at Peking University in Beijing.
He said the world can't rely on an international system based on currency
issued by one country.
-By Terence Poon, Dow Jones Newswires; 8610 8400-7799; terence.poon@
dowjones.com
(END) Dow Jones Newswires
11-16-092206ET
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