Middle East/Central Asia: IMF urges financial overhaul in Middle East and Central Asia.

Section: Business News - The International Monetary Fund (IMF) on Monday called on the Middle East and Central Asia (MECA) to play an active role in repairing the international financial system, and to implement the reforms needed to render the region's financial systems more resilient.

"As the international community advances in designing the measures to tackle the imbalances and vulnerabilities of the global financial system, it is very important for the region's regulators to be heard in the ongoing international debate, as many of the measures will impact the way their financial markets will work in the future," said Jose Vi-als, Financial Counselor and Director of the …