Central bank official: China "will actively consider" buying IMF bonds

Source: Xinhua | 03-24-2009 08:10

BEIJING, March 23 (Xinhua) -- China's central bank said Monday it will "actively consider" buying bonds issued by the International Monetary Fund (IMF).

Hu Xiaolian, vice governor of the People's Bank of China (PBOC), made the comment during a briefing about President Hu Jintao's coming visit to the G20 financial summit in Britain, scheduled for April 1 to 2.

"China supports the IMF's innovative financing attempts, and a more efficient and timely financing mode can effectively ease the IMF's cash shortage," said the PBOC's Hu.

"If the IMF finances itself by issuing bonds, China will actively consider buying" those bonds, Hu stressed.

Editor:Liu Anqi