Asian nations to set up regional credit guarantee body

Published by rudy Date posted on April 6, 2009

Seoul (ANTARA News/Asia Pulse) — Asian countries are expected to announce the details of a proposed credit guarantee body next month, aimed at bolstering regional debt markets, a high-ranking Seoul official said Sunday.

The envisioned organization called a “credit guarantee and investment mechanism” (CGIM) is intended to provide a credit guarantee for regional banks and companies to gain necessary funding through bond issuance.

“ASEAN members, plus South Korea, China and Japan will hold a finance minister’s meeting in Bali, Indonesia earlier next month and announce plans to establish the CGIM,” Deputy Finance Minster Shin Je-yoon told reporters during a briefing on the results of the G-20 summit talks in London. –Business in Asia Today – published by Asia Pulse

Feb 20 – World Day of Social Justice

“Living wages for social justice.”

 

Continuing
Solidarity with CTU Myanmar,
trade unions around the world,
for democracy in Myanmar,
with the daily protests of
people in Myanmar against
the military coup and
continuing oppression.

 

Accept National Unity Government
(NUG) of Myanmar.
Reject Military!

#WearMask #WashHands
#Distancing
#TakePicturesVideos

Time to support & empower survivors.
Time to spark a global conversation.
Time for #GenerationEquality to #orangetheworld!
Trade Union Solidarity Campaigns
Get Email from NTUC
Article Categories