Asian Monetary Fund not a bad idea - US official

USA - The administration of President George W. Bush would support the future establishment of an Asian IMF, a senior U.S. official said today, 17 August.

Deputy Secretary of State Richard Armitage said regional speculation about an eventual Asian Monetary Fund to help deal with economic crises like the 1997-98 meltdown "doesn't seem to me to be a bad idea".

His enthusiasm contrasted with a cool response from the previous Clinton administration and Europe to Asian criticism of the International

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