ASEAN+3 discuss cooperation in response to financial crises World

ASEAN+3 discuss cooperation in response to financial crises

Finance chiefs of the 10 ASEAN nations and Japan, China, and the Republic of Korea (ASEAN+3) met in Fiji on May 2 to discuss the enhancement of cooperation in times of financial crisis, including expanding the currency swap agreement between them.
ASEAN Plus 3 revises agreement protecting regional finance ASEAN

ASEAN Plus 3 revises agreement protecting regional finance

The Association of Southeast Asian Nations (ASEAN) and their partners, namely China, Japan, and the Republic of Korea (RoK) agreed on December 14 to revise the Chiang Mai Initiative Multilateralisation (CMIM) Agreement – a regional financial safety net.
Japan proposes currency swap deal to ASEAN ASEAN

Japan proposes currency swap deal to ASEAN

Japan on May 5 proposed a new type bilateral currency swap agreement, worth 40 billion USD, to the ASEAN to tackle short-time liquidity difficulties during crisis time, Kyodo News Agency reported.