PBOC Gov Zhou: China Looks Forward To IMF Supervision Reform
First Published Sunday, 22nd April 2012 03:12 am - © 2012 Dow Jones
BEIJING -(Dow Jones)- China is looking forward to "decisions as soon as possible" from the International Monetary Fund on its supervisory reform, which would enhance the overall supervision of systemic risk and macroeconomic policies of member states, People's Bank of China Governor Zhou Xiaochuan said in a report published Sunday on the central bank's website.
Speaking Saturday at an IMF conference in Washington D.C., Zhou said the financial crisis showed the IMF needs to effectively adjust its supervisory focus, change its methods of supervision, and improve the effectiveness and fairness of its supervision.
Zhou also said the Chinese government is strengthening its macroeconomic adjustments under weak global economic conditions, and maintaining stable growth and the balance of international payments.
The Chinese government will continue to strengthen macroeconomic controls, speed up structural reforms to keep the economy strong for sustainable and balanced growth, he said.
The international community should provide more assistance to solve the challenges facing low-income countries, the statement said.