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ADB head urges fiscal resilience with eye on U.S. monetary normalisation


ADB head urges fiscal resilience with eye on U.S. monetary normalisation
By Tetsushi Kajimoto and Takaya Yamaguchi
Reuters
TOKYO (Reuters) - Emerging Asian countries must raise tax revenue and mobilise domestic financial resources as they brace for U.S. interest rate hikes that could cause another financial crisis, Asian Development Bank President Masatsugu Asakawa told Reuters.
Rises in U.S. long-term rates and some speculation that the Federal Reserve may shift to normalise monetary policy stoke worry about developing countries saddled with dollar-denominated debt, who could face capital outflow and currency devaluation.
To help fix the issue, Asakawa said the regional lender launched on Monday an Asia Pacific tax hub to maximise regional and international resources to boost domestic resource mobilisation and international tax cooperation in ADB s member countries. ....

United States , Chizu Nomiyama , Tetsushi Kajimoto , Asia Pacific , Masatsugu Asakawa , Takaya Yamaguchi , Chiang Mai Initiative , Federal Reserve , Asian Development Bank , Latin America , ஒன்றுபட்டது மாநிலங்களில் , ஆசியா பெஸிஃபிக் , சியாங் மை முயற்சி , கூட்டாட்சியின் இருப்பு , ஆசிய வளர்ச்சி வங்கி , லத்தீன் அமெரிக்கா ,

ADB head urges fiscal resilience with eye on U.S. monetary normalisation | Hellenic Shipping News Worldwide


ADB head urges fiscal resilience with eye on U.S. monetary normalisation
Emerging Asian countries must raise tax revenue and mobilise domestic financial resources as they brace for U.S. interest rate hikes that could cause another financial crisis, Asian Development Bank President Masatsugu Asakawa told Reuters.
Rises in U.S. long-term rates and some speculation that the Federal Reserve may shift to normalise monetary policy stoke worry about developing countries saddled with dollar-denominated debt, who could face capital outflow and currency devaluation.
To help fix the issue, Asakawa said the regional lender launched on Monday an Asia Pacific tax hub to maximise regional and international resources to boost domestic resource mobilisation and international tax cooperation in ADB’s member countries. ....

United States , Chizu Nomiyama , Tetsushi Kajimoto , Asia Pacific , Masatsugu Asakawa , Chiang Mai Initiative , Federal Reserve , Asian Development Bank , Latin America , ஒன்றுபட்டது மாநிலங்களில் , ஆசியா பெஸிஃபிக் , சியாங் மை முயற்சி , கூட்டாட்சியின் இருப்பு , ஆசிய வளர்ச்சி வங்கி , லத்தீன் அமெரிக்கா ,

INTERVIEW-ADB head urges fiscal resilience with eye on U.S. ...


History shows U.S. rate hikes led to financial crises -Asakawa
ADB monitors development on coup in Myanmar
By Tetsushi Kajimoto and Takaya Yamaguchi
TOKYO, May 6 (Reuters) - Emerging Asian countries must raise tax revenue and mobilise domestic financial resources as they brace for U.S. interest rate hikes that could cause another financial crisis, Asian Development Bank President Masatsugu Asakawa told Reuters.
Rises in U.S. long-term rates and some speculation that the Federal Reserve may shift to normalise monetary policy stoke worry about developing countries saddled with dollar-denominated debt, who could face capital outflow and currency devaluation.
To help fix the issue, Asakawa said the regional lender launched on Monday an Asia Pacific tax hub to maximise regional and international resources to boost domestic resource mobilisation and international tax cooperation in ADB s member countries. ....

United States , Chizu Nomiyama , Tetsushi Kajimoto , Asia Pacific , Masatsugu Asakawa , Takaya Yamaguchi , Chiang Mai Initiative , Federal Reserve , Asian Development Bank , Latin America , Tetsushi Kajimoto Editing , ஒன்றுபட்டது மாநிலங்களில் , ஆசியா பெஸிஃபிக் , சியாங் மை முயற்சி , கூட்டாட்சியின் இருப்பு , ஆசிய வளர்ச்சி வங்கி , லத்தீன் அமெரிக்கா ,