Mongolia hosts regional central bank governors forum
ULAN BATOR, Nov. 23 (Xinhua) -- Regional central bank governors and monetary authority representatives have met here to exchange opinions on critical issues facing the global economy.
At the 48th South East Asian Central Banks (SEACEN) Governors' Conference and 32nd Meeting of the SEACEN Board of Governors, from Thursday to Saturday, participants touched upon topics such as interdependency of international financial markets, high level fluctuation of cashflow and new organization of international financial markets.
About 60 representatives of 17 central banks and monetary authorities including Bank for International Settlements general manager Jaime Caruana and International Monetary Fund representative Geert Almekinders attended the meeting.
Mongolian Prime Minister Norov Altanhuyag told the conference Thursday the movement of financial capital was very important in the region.
The Asian economy was developing as a major driving force of global growth and the Mongolian economy grew by 17.3 percent in 2011, he said.
Funds directed to Mongolia increased thanks to the country's fast mining development and accelerated economic growth, Altanhuyag said.
Mongolia was strengthening its banking and financial system as the international financial crisis might continue for some time, Altanhuyag said.
Editor: Hou Qiang
At the 48th South East Asian Central Banks (SEACEN) Governors' Conference and 32nd Meeting of the SEACEN Board of Governors, from Thursday to Saturday, participants touched upon topics such as interdependency of international financial markets, high level fluctuation of cashflow and new organization of international financial markets.
About 60 representatives of 17 central banks and monetary authorities including Bank for International Settlements general manager Jaime Caruana and International Monetary Fund representative Geert Almekinders attended the meeting.
Mongolian Prime Minister Norov Altanhuyag told the conference Thursday the movement of financial capital was very important in the region.
The Asian economy was developing as a major driving force of global growth and the Mongolian economy grew by 17.3 percent in 2011, he said.
Funds directed to Mongolia increased thanks to the country's fast mining development and accelerated economic growth, Altanhuyag said.
Mongolia was strengthening its banking and financial system as the international financial crisis might continue for some time, Altanhuyag said.
Editor: Hou Qiang
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