ASEAN finance ministers have agreed that Southeast Asia will grow up between 4.9 and 5.6 percent this year, from 1.5 percent last year. This was presented at the annual meeting of the 14th ASEAN Finance Minister under the leadership of Vietnam Finance Minister Vu Van Ninh. The ministers agreed that ASEAN has been growing well despite the global economic crisis that has never happened before. This reflects the dynamics in the region.
Conditions that attract and pro-business policies of each country become the economic cornerstone of ASEAN from the impact of external shocks and help attract investment back quickly, they said in a joint statement. They assess the progress of the commitment of ASEAN Economic Community (AEC) in 2015, including strengthening the financial system and achieve financial stability in the region, the entry into a swap facility of U.S. $ 120 billion under the Chiang Mai Initiative Multilateralisation (CMIM), establishment of regional surveillance unit CMIM early next year and the establishment of Credit and Investment Guarantee Facility (CGIF) in May this year to deepen the local currency bond markets in the region. The ministers reiterated their determination to work together to improve the competitiveness and depth of financial markets in ASEAN. They are committed to financial integration under the AEC Blueprint, especially in the field of capital market development, financial services liberalization and capital account liberalization. In order to improve global competitiveness, work is underway to create brand recognition for ASEAN products, raising the standard rules, building trust with the ASEAN and global standards through a regime of mutual recognition and facilitating the inflow of and access to outside markets.
"Aseanand Standard Plus" for multi-jurisdictional securities offerings have been adopted in Malaysia, Singapore and Thailand. The ministers also reached agreement on improving regional surveillance and financing infrastructure projects and the integration of customs and excise. They requested the Asian Development Bank, World Bank and International Monetary Fund to continue to support regional cooperation stronger through initiatives and commitments that will contribute to the recovery and growth are balanced.
0 comments:
Post a Comment