Swiss meeting to debate global monetary reform

27th April 2010, Comments 0 comments

Switzerland will host a forum of bankers and policymakers next month to discuss strengthening the global monetary system after the financial crisis, the Swiss central bank said Tuesday.

The Swiss National Bank announced in a statement that it would "jointly host a High-Level Conference on the International Monetary System in Zurich on May 11, 2010" with the IMF.

"The key objective of the conference is to examine weaknesses in the current international monetary system, and identify reforms that might be desirable over the medium to long run to build a more robust and stable world economy," it added.

International Monetary Fund Managing Director Dominique Strauss-Kahn is due to take part, along with central bank chiefs, other senior policymakers, leading academics and commentators, the SNB said.

The conference will examine issues such as sources of instability in the international monetary system, improving the supply of reserve assets, dealing with volatile capital flows, and the use of currency reserves.

© 2010 AFP

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