Timely to set up Asian Monetary Fund now - financial experts

Financial experts have lauded the proposal by Prime Minister Anwar Ibrahim for Asian countries to set up the region's own version of the International Monetary Fund (IMF) and reduce their reliance on the US dollar.

Speaking to Malaysiakini, analyst Pong Teng Siew and economist Jomo Kwame Sundaram (above) expressed their support for the idea, saying that having an Asian Monetary Fund (AMF) would provide Asian countries with a better alternative during crises...