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International Monetary Fund (IMF) & People’s Bank of China (PBoC) Launch New IMF Regional Center in Shanghai, IMF Shanghai Regional Center to Serve as Hub to Promote Research, Inform Policies for Emerging Market & Middle-Income Countries, Deepen IMF Dialogue with Member Countries & Stakeholders, China IMF Capacity Development Center Co-Located in IMF Shanghai Regional Center
20th June 2024 | Hong Kong
The International Monetary Fund (IMF) & the People’s Bank of China (PBoC) have launched the new IMF Regional Center in Shanghai (19/6/24), with the new IMF Shanghai Regional Center to serve as hub to promote research, inform policies for emerging market & middle-income countries, and deepen IMF dialogue with member countries & stakeholders. China IMF Capacity Development Center will be co-located in the new IMF Shanghai Regional Center. IMF (18/6/24): “The International Monetary Fund (IMF) and the People’s Bank of China (PBoC) today announced the opening of a new IMF regional center in Shanghai, People’s Republic of China. The Shanghai Regional Center is being established to further strengthen the IMF’s engagement and partnership in the Asia-Pacific region. The Center will serve as a hub to promote research that can inform policies in areas of interest to emerging market and middle-income countries. It will help deepen the IMF’s dialogue with member countries and other stakeholders in the region, including international financial institutions, academics, think-tanks, CSOs, and the private sector. The Center will also facilitate targeted capacity building in the region, including through peer-to-peer learning, in cooperation with the China IMF Capacity Development Center (CICDC), which will be co-located with the new Center to maximize synergies. The Shanghai Regional Center will complement the IMF’s other regional centers and offices that serve a variety of functions. The IMF is grateful to the People’s Republic of China for its generous financial contributions to the Shanghai Regional Center and for the continued support in boosting capacity development for IMF members through the CICDC. The IMF currently has 20 regional centers and offices worldwide (including CICDC).”
“ International Monetary Fund (IMF) & People’s Bank of China (PBoC) Launch New IMF Regional Center in Shanghai, IMF Shanghai Regional Center to Serve as Hub to Promote Research, Inform Policies for Emerging Market & Middle-Income Countries, Deepen IMF Dialogue with Member Countries & Stakeholders, China IMF Capacity Development Center Co-Located in IMF Shanghai Regional Center “
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People’s Bank of China Governor Pan Gongsheng: “We welcome the establishment of the IMF Regional Center in Shanghai. We believe the Shanghai Regional Center will deepen cooperation between the IMF and China, enhance macroeconomic policy exchange and coordination among the Asia Pacific countries, and support regional and global financial stability.”
IMF Managing Director Kristalina Georgieva: “I welcome this important initiative with the People’s Bank of China to establish the Shanghai Regional Center. The center will further strengthen the IMF’s engagement in the dynamic Asia Pacific region, deepen our understanding of perspectives from member countries, and foster international economic cooperation.”
International Monetary Fund (IMF) & People’s Bank of China (PBoC) Launch New IMF Regional Center in Shanghai, IMF Shanghai Regional Center to Serve as Hub to Promote Research, Inform Policies for Emerging Market & Middle-Income Countries, Deepen IMF Dialogue with Member Countries & Stakeholders, China IMF Capacity Development Center Co-Located in IMF Shanghai Regional Center
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