THE  24th  ASEAN+3  Finance  Ministers’ and Central Bank Governors’  Meeting  (AFMGM+3)  was held virtually yesterday.

The  ASEAN+3  Finance  Ministers and Central Bank Governors, President of Asian Development Bank (ADB), Director of ASEAN+3 Macroeconomic Research  Office  (AMRO),  ASEAN  Secretary-General, Deputy Managing  Director  of  International  Monetary Fund (IMF), Governor of  Central  Bank  of  Myanmar  U  Than Nyein and Vice-Governors U Win Thaw and Daw Than Than Swe were present at the meeting.

During the meeting, Director  Mr  Toshinori  Doi  of  ASE-AN+3 Macroeconomic Research Office (AMRO) discussed under the  title  of  “Macroeconomic  Prospects  and  Challenges  in  2021”  while  President  of  Asia  Development  Bank  (ADB)  Mr  Masutsugu  Asakawa  with  “Ensuring Sustainable and Resilient Recovery  and  Growth  in  ASE-AN+3”  and  Deputy  Managing  Director  of  International  Monetary  Fund  (IMF)  with  “Global  Economic Outlook and Securing a Transformation Green, Digital and Inclusive Recovery”.

The  ASEAN+3  Finance  Ministers  and  Central  Banks  Governors exchanged views on the  current  economic  status  of  their  respective  countries  during the COVID-19 pandemic and quick strategic response to economic impacts of COVID-19.

The  meeting  also  focused  on  Chiang  Mai  Initiative  Multilateralization  (CMIM  Agree-ment), progresses of ASEAN+3 Macroeconomic Research Office (AMRO),  Asian  Bond  Markets  Initiatives  (ABMI)  and  ASEAN  +3 Finance Process.

Then,  the  leaders  finalized  the  joint  statement  of  24th  AF-MGM  +3.  The  meeting  also  agreed to conduct the ASEAN+3 Finance Ministers’ and Central Bank  Governors’  Process  in  Colombo  of  Sri  Lanka  in  2022.

MNA

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