Deputy finance ministers, central bank governors meet at ASEAN+3

Deputy finance ministers, central bank governors meet at ASEAN+3

 Deputy Minister U Maung Maung Win attends the ASEAN +3 Finance and Central Bank Deputies’ Meeting.  Photo: MNA
           Deputy Minister U Maung Maung Win attends the ASEAN +3 Finance and Central Bank Deputies’ Meeting. 

Deputy Minister U Maung Maung Win attended the ASEAN+China, Japan, Korea (ASEAN+3) Deputy Finance Ministers and Deputy Central Bank Governors Meeting in Xiamen, China, from 12 to 13 December.

In the first day of the meeting, IMF, ADB and AMRO explained the macroeconomic situation of the world and Asian region and future prospects, the effects the free trade agreement of Asia might have on financial cooperation with ASEAN+3 nations and the deputy ministers and deputy central bank governors exchanged views.

Next, discussions began on ASEAN+3 financial cooperation, AMRO’s current future plans, 2020 action plans, and budget and staff appointment.

On the second day of the meeting, they discussed future processes of the Chiang Mai Initiative, performing economic reviews on member states, methods for nations facing financial hardships to seek assistance, and developing Asia’s bond market.

This meeting is held once every six months and is a sideline meeting to the ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting.

From: Global New Light