SINGAPORE, The ASEAN (the Association of Southeast Asian Nations) finance ministers and central Bank governors on Friday reaffirmed their commitment to the bloc’s economic community blueprint 2025.
The blueprint 2015 includes strategic objectives of financial integration, financial stability and financial inclusion.
According to a joint statement of the fourth ASEAN Finance Ministers’ and Central Bank Governors’ Meeting, the ministers and governors welcomed the Singapore Chair’s focus on resilience and innovation, and initiatives to sustain growth, boost resilience, and foster innovation.
The joint statement said the finance ministers and central bank governors are encouraged by ASEAN’s strong economic growth of 5.2 percent in 2017, and expected the growth momentum would be sustained into 2018 on the back of broad-based global economic recovery, expansion in global trade, sustained private consumption and growing infrastructure investment.
Remaining vigilant against risks, they reaffirmed their commitment to international trade and investment which are important engines of growth and development, according to the statement.
Meanwhile, they committed to implementing appropriate monetary, fiscal, macro-prudential and supervisory policies to maintain macroeconomic and financial stability.
Concluded on Friday evening, the meeting also focused , among others, on discussion topics including ASEAN’s financial integration and liberalization, facilitation of trade and investment, infrastructure financing, financial technology and innovation, and capacity building and implementation.
Source: NAM News Network