RoK calls for policy coordination among East Asian nations to minimise COVID-19 economic impact hinh anh 1(Photo:
Hanoi (VNA) - The Ministry of Economy and Finance of the Republic of Korea (RoK) on May 7 urged East Asian nations to step up policy coordination to minimise the economic fallout from the COVID-19 pandemic, reported Yonhap news agency.

Han Kyeong-ho, a senior ministry official who is a co-chairman of the Public Expenditure Management Network in Asia (PEMNA), made the remarks during a videoconference with senior economic officials from 14 nations in the region.

Han said fiscal policy has played a key role for the RoK to navigate the economic slowdown triggered by the pandemic.

He added that nations in the region must boost policy coordination to revive economic growth.

PEMNA has 14 members, including 10 from the Association of Southeast Asian Nations, along with the RoK, China, Timor Leste and Mongolia./.