Page 178 - 《期货和衍生品行业监管动态》（2022年合集）

期货和衍生品行业监管动态

Governors' Meeting （2022/5/12）

I. Introduction

The 25th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting

(AFMGM+3) was convened on 12 May 2022 under the co-chairmanship of H.E. Dr.

Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance of

the Kingdom of Cambodia, H.E. Sum Sannisith, Deputy Governor of the National

Bank of Cambodia and H.E. Liu Kun, Minister of Finance of the People’s Republic of

China, H.E. Chen Yulu, Deputy Governor of the People’s Bank of China. The

meeting was held in virtual format under the extraordinary circumstances due to the

COVID-19 pandemic. The Vice President of the Asian Development Bank (ADB),

the Director of the ASEAN+3 Macroeconomic Research Office (AMRO), the Deputy

Secretary-General of ASEAN, and the Deputy Managing Director of the International

Monetary Fund (IMF) were also present at the meeting.

We exchanged views on current developments and the outlook for the global and

regional economies, as well as policy responses to risks and challenges. In view of the

challenges ahead, we recognize that ASEAN+3 financial cooperation has a more

essential role to play in supporting regional economies to navigate these obstacles. In

this regard, we agree to further deepen our collaboration to enhance regional financial

cooperation, including through the Chiang Mai Initiative Multilateralisation (CMIM),

AMRO, Asian Bond Markets Initiative (ABMI), and ASEAN+3 Future Initiatives.

II. Recent Economic and Financial Developments in the Region

The ASEAN+3 economies have remained steadfast in weathering the challenges

posed by the COVID-19 pandemic. Since early 2021, we have focused on ramping up

the vaccination rates to protect our populations and have adopted more targeted

containment measures to minimize the impact on our economies and to support
recovery. As a result, the region saw robust growth of around 6 percent in 2021.

Looking ahead, given the strong protection afforded by high vaccination rates in the

region, the region can look forward to further opening-up and stronger economic

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