In this connection too,
current efforts to set up a regional 'early warning system' and 'strategic reserves'
to preempt and manage future regional economic or financial crisis should be
given high priority. The decision of the 14th Summit to increase the fund of the
proposed AMF from USD80 to USD120 billion for the purpose in this respect is
commendable. The effectiveness of the initiative however IS dependent on
follow-up commitments at the implementation level.