24th ASEAN+3 AFMGMs’ Meeting convened virtually

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 ASEAN+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 ASEAN+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 Agreement), 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 AFMGM +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