Indonesia calls on ASEAN central banks to join hands to boost economy

Indonesia’s central bank governor Perry Warjiyo has called on bank governors of ASEAN member states to further boost collaboration to maintain regional economic growth.
Indonesia calls on ASEAN central banks to join hands to boost economy ảnh 1Bank Indonesia governor Perry Warjiyo (Photo:thestar.com)

Jakarta (VNA) – Indonesia’s central bankgovernor Perry Warjiyo has called on bank governors of ASEAN member states tofurther boost collaboration to maintain regional economic growth.

Speaking at a high-level seminar in Bali as part of the first Meeting of the ASEAN Finance Ministers and Central BankGovernors, which was taking place from March 28 to 31 in Indonesia, the governor revealed that his ASEAN counterparts have regularly held talks on policy collaboration to support economicdevelopment. Besides, finance ministers in the bloc and deputy bank governorsof ASEAN central banks have also maintained a close communication channel to developpolicies and exchange the latest information on regional and global economic issues.

Perry emphasised that ASEAN is one of the regionswhich has the ability to withstand global economic uncertainties and become theworld’s growth centre. In 2022, the bloc’s economic growth reached 5.3% in the context that global economic growth was affected by instability factors.

He expressed his belief that ASEAN's strength lies in the consistentapplication of prudent macroeconomic policies, in terms of both finance andcurrency. The bloc has also continuously innovated and conducted reforms inmany areas.

Besides, ASEAN has a close policy coordination betweengovernments and central banks, as well as business management agencies, Perryadded./.

VNA

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