9 April 2014
The ASEAN finance
ministers have renewed their commitment for ASEAN financial and monetary
integration, said a press release of Cambodia’s Ministry of Economy and
Finance.
During their 18th
meeting on 4-5 April 2014 in Nay Pyi Taw, Myanmar, the ASEAN finance ministers
discussed and exchanged views with the Asian Development Bank (ADB), World
Bank, the International Monetary Fund (IMF), and ASEAN+3 Macroeconomic Research
Office (AMRO) on the risks and policy challenges to maintain financial and
economic stability.
The ministers
reaffirmed their commitment to realizing the goals of the ASEAN Economic
Community (AEC) by continuing their activities in various areas under the
Roadmap for Monetary and Financial Integration of ASEAN.
They also welcomed the
continued efforts to operationalize the Chiang Mai Initiative
Multilateralization (CMIM), strengthen the AMRO and carry out the workplan
under the Asian Bond Markets Initiative (ABMI), said the press release, adding
that they strongly believed that these initiatives are crucial in maintaining
economic stability in the region given remaining uncertainties surrounding the
global economy.
ASEAN economies grew
by 5.1% last year thanks to the recovery of exports in the second half of 2013.
Economic outlook remains robust, anchored by rising domestic demand stemming
from private consumption and infrastructure investment.
The ASEAN nations will
remain vigilant in managing the downside risks, including capital outflows,
volatile currency movements, emerging inflationary pressures and tightening
financial conditions, which could dampen economic growth.
The ASEAN finance
ministers are committed to implement tax policy and soft Macro and Micro
economic policy, which will keep economic growth and financial market
stability, and they also reaffirmed their commitment to implement appropriate
monetary, fiscal, and macro/micro-prudential policies that will sustain
economic growth and maintain financial market stability.
In addition, the
ministers welcomed Myanmar’s initiative to follow up with planned activities to
achieve greater financial inclusion for unbanked people of ASEAN this year.
Source:
http://www.akp.gov.kh/?p=44085
No comments:
Post a Comment