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Joint Statement of the 27th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (Tbilisi, Georgia, May 3, 2024)

I. Introduction 1. The 27th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM+3) was convened on 3 May 2024 under the co-chairmanship of H.E. Santiphab Phomvihane, Minister of Finance…

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Opportunities and Challenges of Financial Digitalization: A New Perspective on ASEAN+3 Regional Financial Cooperation

Financial digitalization (FinDig) is changing the landscape of the international monetary and financial system.

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Joint Statement of the 26th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (Incheon, Korea, May 2, 2023)

The ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (The Meeting) was convened on 2 May 2023 under the co-chairmanship of H.E. Sri Mulyani Indrawati, Minister of Finance of the Republic of Indonesia, H.E. Perry Warjiyo, Governor of Bank Indonesia, H.E. Shunichi Suzuki, Minister of Finance of Japan, and H.E. Kazuo Ueda, Governor of the Bank of Japan.

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Applying Flexible Purchasing Multiple to Enhance CMIM Resource Allocation

With a total financing capacity of USD240 billion, the Chiang Mai Initiative Multilateralisation (CMIM) is the world’s second largest regional financing arrangement (RFA) among active RFAs, after the European Stability Mechanism (ESM) and much larger than most other arrangements in non-European regions.

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