THAI Prime Minister Thaksin Shinawatra has called on Apec to consider a so-called regional bond initiative as a new financial architecture and an instrument that could help countries eliminate the severity of cyclical changes in their economies.
Opening the 10th Apec Finance Ministers Meeting yesterday, Thaksin urged finance ministers to give serious thoughts to innovative and improved methods of achieving greater economic openness and financial integration among the Apec economies, and highlighted the regional bond initiative in particular.