Korea Economic Institute (KEI) Presents: Leading G-20 Official and Experts Discuss the Need to Expand Current Financial Safety Nets in the Global Economy

WASHINGTON, June 24 /PRNewswire-USNewswire/ -- The following was released today by the Korea Economic Institute:

About the Program:

As the financial global crisis demonstrated, volatile capital flows pose significant risks to emerging and developing countries. At the recent meeting of finance ministers and central bankers in Korea, there was strong support developing a financial safety net for developing economies on the G-20 agenda. The current proposal on the table envisions a combination of regional initiatives and financial support from the IMF. Please join KEI for a discussion of why the issue of financial safety nets is a pressing one for the maintenance of the global financial architecture, how the G-20 and IMF handled the issue during the recent crisis, and what proposals might be developed for the G-20 summit in Seoul this November. Director General Choi Heenam of the Ministry of Strategy and Finance in Korea will also provide insight into the perspective of the Republic of Korea, the current chair of the G-20, on this issue.

For further information, please contact Greg Scarlatoiu ([email protected]) or go to our website (www.keia.org).

SOURCE Korea Economic Institute