ASEAN+3 aims to intensify financial safety

Financial ministers and central bank governors from ASEAN member nations and Japan, China and the Republic of Korea (RoK) have agreed to enhance a financial safety network for the region to prevent possible crises.

At the 19th ASEAN+3 Finance Ministers’ Meeting in Frankfurt, Germany on May 3, the officials vowed to use all necessary policy tools – monetary, fiscal and structural - to promote sustainable and inclusive economic growth.

The Joint Statement issued at the meeting said among such policy measures, ASEAN+3 member states will flexibly deploy policies to strengthen growth, create jobs and foster innovation, while enhancing resilience and ensuring debt sustainability.

Participants committed to promoting economic reforms, monitoring capital flows and risks stemming from capital flow volatility, and responding appropriately to the changing economic environment.

On the sideline of the meeting, financial officials from China, Japan and the RoK reaffirmed their commitment to structural reforms to enhance productivity and growth in the region.

The meeting in Frankfurt came as the US dollar plunged after the Bank of Japan kept its monetary policy unchanged despite expectations for new measures to stimulate economic growth.

ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Mời quý độc giả theo dõi VOV.VN trên

Related

Japan considers ASEAN important partner
Japan considers ASEAN important partner

Japan has considered ASEAN an important partner, pledging to become the bloc’s irreplaceable partner in efforts of salvaging “diversification” in politics, economy, socio-culture and strengthening “connectivity” in the region.

Japan considers ASEAN important partner

Japan considers ASEAN important partner

Japan has considered ASEAN an important partner, pledging to become the bloc’s irreplaceable partner in efforts of salvaging “diversification” in politics, economy, socio-culture and strengthening “connectivity” in the region.

Senior ASEAN Transport Officials Meeting opens in Philippines
Senior ASEAN Transport Officials Meeting opens in Philippines

The 41st ASEAN Senior Transport Officials Meeting (STOM) opened in the Philippines’ capital city of Manila on April 26, discussing initiatives to further bolster transportation connections in the region.

Senior ASEAN Transport Officials Meeting opens in Philippines

Senior ASEAN Transport Officials Meeting opens in Philippines

The 41st ASEAN Senior Transport Officials Meeting (STOM) opened in the Philippines’ capital city of Manila on April 26, discussing initiatives to further bolster transportation connections in the region.

ASEAN, US bolster cooperation in priority areas
ASEAN, US bolster cooperation in priority areas

VOV.VN - The ASEAN-US Joint Cooperation Committee convened its 7th meeting on April 28 in Jakarta, Indonesia, to review recent activities and discuss stronger cooperation in the future to realize the statements made by both sides’ senior leaders. 

ASEAN, US bolster cooperation in priority areas

ASEAN, US bolster cooperation in priority areas

VOV.VN - The ASEAN-US Joint Cooperation Committee convened its 7th meeting on April 28 in Jakarta, Indonesia, to review recent activities and discuss stronger cooperation in the future to realize the statements made by both sides’ senior leaders.