Ministry of Economy and Finance Attends ASEAN+3 Deputy Finance Ministers and Central Bank Deputy Governors Meeting

Discussion on Regional Financial Stability and Financial Cooperation

[Image source=Yonhap News]

The government announced on the 1st that it will attend the 'ASEAN+3 (Korea-China-Japan) Deputy Finance Ministers and Deputy Governors of Central Banks Meeting' and the 'Korea-China-Japan Deputy Finance Ministers and Deputy Governors of Central Banks Meeting' to be held in Luang Prabang, Laos on the 3rd and 4th of this month.

This meeting is a final review of the agenda items to be discussed at the ASEAN+3 Finance Ministers and Central Bank Governors Meeting to be held on the 3rd of next month in Tbilisi, Georgia.

During the meeting, opinions will be exchanged on global and regional economic trends and policy responses, and key issues related to regional financial cooperation, such as the development direction of the Chiang Mai Initiative Multilateralization (CMIM) as a regional financial safety net, will be discussed.

Practical officials from the Ministry of Economy and Finance and the Bank of Korea will attend the meeting, led by Choi Ji-young, Director General for International Economic Affairs at the Ministry of Economy and Finance, as the chief representative.

The Ministry of Economy and Finance stated, "As the chair country of this year's ASEAN+3 meetings (jointly with Korea and Laos), we will actively coordinate opinions among member countries on key agenda items and actively present our views."

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