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Hun Sen calls for reform of global financial architecture
Publication Date : 20-06-2012
Cambodian Prime Minister Hun Sen told the Group of 20 summit in Mexico that international financial architecture could not be sustained without reforms, sources said.
Speaking in his capacity as Asean chairman, Hun Sen said the association supported any measures to reinforce financial stability, especially standards for financial institutions.
He was also quoted as saying that Asean would continue to adopt its global policy agenda by strengthening cooperation with international partners, especially G20 countries.
The G-20 groups leading economies Australia, Argentina, Brazil, Britain, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey and United States.
The World and Bank and the International Monetary Fund also took part in the two-day summit which ended Tuesday along with the United Nations, the International Labour Organisation, the Organisation for Economic Cooperation and Development, the Council for Financial Stability and the Food and Agriculture Organisation.