Asean Commitment To Imf Bailout
The asean members pledged to conduct structural reforms of their financial sectors, while japan promised continued aid within existing frameworks such as the international monetary fund (imf) world bank and the asian deveopment bank (adb).
Asean comprises brunei, myanmar, indonesia, laos, malaysia, the philippines, singapore, thailand and vietnam.
In the joint staement, japan also offered the bilateral transfer of technology and exchange of human resources.
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The call was contained in a joint statement following a meeting between association of south east asian nations (asean) leaders and japanese prime minsiter ryutaro hashimoto at an annual asean summit here.
we support the agreement reached among finance ministers on the swift implementation of the manila framework as a constructive step towards the promotion of the regions financial stability, the statement said.
The asean members pledged to conduct structural reforms of their financial sectors, while japan promised continued aid within existing frameworks such as the international monetary fund (imf) world bank and the asian deveopment bank (adb).
Asean comprises brunei, myanmar, indonesia, laos, malaysia, the philippines, singapore, thailand and vietnam.
In the joint staement, japan also offered the bilateral transfer of technology and exchange of human resources.