The ASEAN economy will achieve a growth rate of between 4.9 and 5.6 percent in 2010, much higher than last year’s 1.5 percent.
The figures were released at the 14th ASEAN Financial Ministers’ Meeting, which was held in Nha Trang city in the central province of Khanh Hoa on April 8.
The meeting, chaired by Vietnamese Finance Minister Vu Van Ninh, reached a number of important agreements, creating a premise for stronger and more effective cooperation in regional financial and monetary integration.
The ministers assessed the progress on commitments on building the ASEAN Economic Community (AEC) by 2015, including strengthening the financial system and maintaining regional financial stability; operating a 120 billion USD fund under the Chiang Mai Initiative on Multilateralisation (CMIM) towards the establishment of a CMIM regional observation agency in early next year and a Credit Guarantee Investment Facility (CGIF) in May 2010.
The meeting also reaffirmed a commitment on financial reintegration in the framework of the AEC Overall Plan, especially in the areas of capital market development and the liberalisation of financial services and capital accounts.
The ASEAN ministers held effective discussions with Asian Development Bank (ADB) Chairman Kuroda, World Bank (WB) Managing Director Juan Jose Daboub and Deputy Managing Director of the International Monetary Fund Naoyuki Shinohara./.
The figures were released at the 14th ASEAN Financial Ministers’ Meeting, which was held in Nha Trang city in the central province of Khanh Hoa on April 8.
The meeting, chaired by Vietnamese Finance Minister Vu Van Ninh, reached a number of important agreements, creating a premise for stronger and more effective cooperation in regional financial and monetary integration.
The ministers assessed the progress on commitments on building the ASEAN Economic Community (AEC) by 2015, including strengthening the financial system and maintaining regional financial stability; operating a 120 billion USD fund under the Chiang Mai Initiative on Multilateralisation (CMIM) towards the establishment of a CMIM regional observation agency in early next year and a Credit Guarantee Investment Facility (CGIF) in May 2010.
The meeting also reaffirmed a commitment on financial reintegration in the framework of the AEC Overall Plan, especially in the areas of capital market development and the liberalisation of financial services and capital accounts.
The ASEAN ministers held effective discussions with Asian Development Bank (ADB) Chairman Kuroda, World Bank (WB) Managing Director Juan Jose Daboub and Deputy Managing Director of the International Monetary Fund Naoyuki Shinohara./.
