PM’s call for Asian Monetary Fund as an alternative to IMF pragmatic, says economist

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim’s call for the establishment of an Asian Monetary Fund (AMF) as an alternative to the International Monetary Fund (IMF) is pragmatic, in view of the current needs of many Asian countries, said an economist.

Juwai IQI global chief economist Shan Saeed said that now is the time for policymakers to consider setting up a new multilateral organisation that can provide and bolster development, growth and stability.