Speaking at a high-level seminar in Bali as part of the first Meeting of the ASEAN Finance Ministers and Central Bank Governors, which was taking place from March 28 to 31 in Indonesia, the governor revealed that his ASEAN counterparts have regularly held talks on policy collaboration to support economic development. Besides, finance ministers in the bloc and deputy bank governors of ASEAN central banks have also maintained a close communication channel to develop policies and exchange the latest information on regional and global economic issues.

Bank Indonesia governor Perry Warjiyo (Photo: thestar.com)

Perry emphasized that ASEAN is one of the regions which has the ability to withstand global economic uncertainties and become the world’s growth center. In 2022, the bloc’s economic growth reached 5.3% in the context that global economic growth was affected by instability factors.

He expressed his belief that ASEAN's strength lies in the consistent application of prudent macroeconomic policies, in terms of both finance and currency. The bloc has also continuously innovated and conducted reforms in many areas.

Besides, ASEAN has a close policy coordination between governments and central banks, as well as business management agencies, Perry added.

Source: VNA