Source: Xinhua

03-30-2009 08:29

Special Report:   Global Financial Crisis

MEDELLIN, Colombia, March 28 (Xinhua) -- Chinese Central Bank Governor Zhou Xiaochuan on Saturday urged for international financial reforms in the face of the global economic downturn.

Chinese Central Bank Governor Zhou Xiaochuan attends the Inter-American Development Bank (IDB) meeting in Medellin, Colombia, March 28, 2009. Zhou on Saturday urged for international financial reforms in the face of the global economic downturn. (Xinhua Photo)
Chinese Central Bank Governor Zhou Xiaochuan attends the 
InterAmerican Development Bank (IDB) meeting in Medellin, 
Colombia, March 28, 2009. Zhou on Saturday urged for 
international financial reforms in the face of the global 
economic downturn. (Xinhua Photo)

Zhou made the remarks in the Colombian city of Medellin where he is attending a five-day Inter-American Development Bank (IDB) meeting.

The Chinese official told reporters that he expected financial reforms and regulatory measures for international financial organizations, including the International Monetary Fund and the World Bank, would be discussed at the upcoming G20 summit of leading industrialized and developing nations in London.

"Up to now we have participated in some working groups which focus on coordinating effort to overcome the negative impact of the financial crisis," Zhou said.

"The second is maybe financial sector reform, including regulatory reform, and I think we also expect there may be some reform agenda for international financial institutions, including the Fund, the Bank and other development banks." he said.