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East Asia Should Help Reform World Bank, IMF: Surin

Thursday, May 26, 2011

TOKYO (Nikkei)--East Asia should contribute to the reform of such international organizations as the World Bank and the International Monetary Fund, Surin Pitsuwan, secretary-general of the Association of Southeast Asian Nations, said Thursday at a Tokyo forum.

Speaking at the Future of Asia conference, co-organized by The Nikkei and the Japan Center for Economic Research, Surin said East Asia has received economic and financial benefits from those organizations.

The ASEAN official said now that East Asia, including Japan, accounts for a significant share of global foreign reserves and trade surpluses, the region should take a leading role in international organizations.

Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.