Market Update for ASEAN+3 Apr2013

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IFIs NEWS (compiled from their websites) ADB – Press Release: New ADB President Takehiko Nakao Assumes Office 

Takehiko Nakao assumes office as the ninth President of the Asian Development Bank (ADB) on 28 April, 2013. “I am honored to take on the leadership of ADB at a challenging and exciting time. I look forward to working with shareholders and all of our development partners to continue our critical mission of fighting poverty and sustaining growth in the Asia-Pacific region,” Mr. Nakao said. Mr. Nakao succeeds Haruhiko Kuroda, who stepped down in March. http://www.adb.org/news/new-adb-president-takehiko-nakao-assumes-office

BIS – Working Papers The BIS has publicised the following working papers: 

“Financial sector ups and downs and the real sector in the open economy: Up by the stairs, down by the parachute” http://www.bis.org/publ/work411.htm

“Structural bank regulation initiatives: approaches and implications” http://www.bis.org/publ/work412.htm

G20 – Publication: “Global Prospects and Policy Challenges” 

During the G20 Finance Ministers and Central Bank Governors' Meeting which was held on the eve of the IMF and World Bank Spring Meetings on April 18-19, 2013 in Washington, D.C. (USA) IMF presented the surveillance note on "Global prospects and policy challenges". In the report the IMF disclose current prospects of the global economy and also remaining challenges, which should be counteracted by the G20 countries. http://www.g20.org/news/20130426/781319955.html (Press Release) http://www.g20.org/load/781319538 (Report)

IMF – Press Release: IMF Concludes 2013 Article IV Consultation Mission to Vietnam 

An IMF mission led by Mr. Alfred Schipke visited Hanoi and Ho Chi Minh City during April 8–25 to conduct the 2013 Article IV Consultation discussion with the Vietnamese authorities. The mission met with senior officials from the State Bank of Vietnam (SBV), the Ministry of Finance, the Ministry of Planning and Investment, private sector representatives, and development partners. The findings of the mission, as outlined, will be reflected in the 2013 Article IV staff report. This report, together with the joint IMFWorld Bank Financial Sector Assessment Program (FSAP) report, is currently scheduled to be discussed by the IMF Executive Board in late June. http://www.imf.org/external/np/sec/pr/2013/pr13143.htm

IMF – Publication: Guidance Note for the Liberalization and Management of Capital Flows 

The IMF has publicised the above-stated guidance note. http://www.imf.org/external/np/pp/eng/2013/042513.pdf

IMF – Publications 

The IMF has publicised the following reports: Page 3 of 7


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