ASEAN finance ministers and central bank governors exchanged views with the International Monetary Fund (IMF); the World Bank (WB); the Asian Infrastructure Investment Bank (AIIB); the Asian Development Bank (ADB); and the ASEAN+3 Macroeconomic Research Office (AMRO) on regional and global outlook, in particular risks and opportunities, as well as policy recommendations, to foster a resilient, sustainable and inclusive recovery.
In his intervention, Dato Seri Setia Dr Awang Haji Mohd Amin Liew emphasised the need for ASEAN to continue with collective efforts to ensure ASEAN remains an attractive investment destination.
The minister also said it is important for the people of ASEAN to be equipped with the right mentality and skills to take advantage of opportunities arising from the new “norm,” which can further strengthen recovery.
The meeting concluded that as the pandemic recedes most economies are ready to re-open. However, the focus to alleviate the impact of the pandemic and support economic recovery remains crucial.
As uncertainty and volatility of the global environment increase, policy mix needs to remain supportive and ASEAN members are encouraged to continue to undertake reforms that will spur recovery.
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April 27, 2022
