IMF looks to strengthen Asian ties to combat global economic crisis


The International Monetary Fund is looking to increase its lending capacity in the coming weeks in order to help Asian countries meet their liquidity needs as the fallout from the eurozone financial crisis continues, according to the organisation's first deputy managing director, David Lipton.

Lipton told attendees at the Asian Financial Forum in Hong Kong on January 16 that the ongoing eurozone crisis poses a risk to Asian economic growth. "Asia has a stake in seeing Europe solve its problems an