Asean to double funding under the Chiang Mai Initiative - Asean - Thailand Business News

Asean to double funding under the Chiang Mai Initiative - Asean - Thailand Business News:

"This is widely expected to culminate in a massive doubling of funds under the Chiang Mai Initiative Multilateralization (CMIM) to $240 billion from $120 billion. The CMIM – a multilateral currency swap system – was established in 2002 in response to the 1997/98 financial crisis that close to bankrupted much of the region"

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