ASEAN+3 countries hold virtual meeting of Deputy Finance Ministers and Deputy Governors of Central Banks on 5 August. PHOTO: MNA
Deputy Minister for Planning, Finance and Industry U Maung Maung Win participated in the virtual meeting of Deputy Finance Minister and Deputy Governors of Central Banks from ASEAN+3 countries yesterday morning. The meeting was hosted by Vietnam. At the meeting, ASEAN+3 countries discussed Technical Guidance (TG) for Conditionality Framework (ILP) for multinational participation in Chiang Mai Initiative Multilateralisation- CMIM, matters related to the Revision of the CMIM Agreement, 2021 budget expenditure and personnel issues of ASEAN+3 Macroeconomic Research Office- AMRO, reviews on the performance of AMRO, performance growth conditions of Asian Bond Markets Initiative- ABMI, policy making, implementation and budgeting procedures of ASEAN+3 countries to respond the COVID-19 crisis.
ASEAN+3 financial meetings are held alternately in ASEAN countries and the Plus Three countries (China, Japan and South Korea). This year, because of COVID-19 crisis, Vietnam and Japan hosted the virtual meeting as Co-Chairs The decisions made in this meeting will be reported in ASEAN+3 Finance Ministers’ and Central Bank Governors’ meeting to be held in September. The meeting was attended by deputy finance ministers from ASEAN+3 countries and officials from International Monetary Fund, AMRO and ASEAN General Secretary Office.—MNA (Translated by Ei Phyu Phyu Aung)