IMF: Time To Move Forward On Global Financial System Reform
November 16, 2009
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.
(END) Dow Newswires
