Singapore meet on Asian crisis

REUTERS

SINGAPORE, Oct 10: Capital controls and the liberalisation of financial systems in Asia will be the key focus of discussions, both formal and informal, at a gathering of international political and business leaders next week here. "The issue of what is happening to the process of financial liberalisation all over the region is a key issue," said Claude Smadja, managing director of the World Economic Forum.

Smadja said the issue of capital controls would be "addressed in many sessions. It is too bad that we don't have more officials to present their point of view," he said.

The Swiss-based WEF, together with Singapore's Economic Development Board is staging the Seventh East Asia Economic Summit from October 12 to 14th in Singapore. The summit will have 700 international participants, Smadja said.

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