Laos to host ASEAN+3 Finance and Central Bank Deputies’ Meeting on March 3-4

02/04/2024 13:10
Email Print 3690
KPL (KPL/VNA) – The ASEAN+3 Finance and Central Bank Deputies’ Meeting will take place in Luang Prabang, Laos, on April 3 and 4, with delegates from ASEAN member states, the Republic of Korea, China and Japan expected to discuss a multilateral currency swap agreement and measures to enhance financial cooperation.

(KPL/VNA) – The ASEAN+3 Finance and Central Bank Deputies’ Meeting will take place in Luang Prabang, Laos, on April 3 and 4, with delegates from ASEAN member states, the Republic of Korea, China and Japan expected to discuss a multilateral currency swap agreement and measures to enhance financial cooperation.

Participants will also exchange views on how to better use and develop their Chiang Mai Initiative Multilateralisation (CMIM), a 240-billion-USD pool launched in 2010 that can be tapped through currency swap deals in times of a financial crisis.

A currency swap is a tool meant to defend against financial turmoil by allowing a country beset by a liquidity crunch to borrow money from others with its own currency.

The participants will also exchange opinions on the global and regional economic situation and policy responses.

The Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

 

KPL

ຂ່າວອື່ນໆ

    • ASEAN welcomes Cambodia – Thailand de-escalation agreementASEAN

      ASEAN welcomes Cambodia – Thailand de-escalation agreement

      12/31/2025 1:21:26 PM

      (KPL/VNA) The Association of Southeast Asian Nations (ASEAN) has welcomed the outcomes of the third special meeting of the General Border Committee (GBC) between Cambodia and Thailand on December 27, which resulted in a commitment to an immediate ceasefire and strict de-escalation measures.

    • Laos attends special ASEAN meeting on Cambodia–Thailand border tensionsASEAN

      Laos attends special ASEAN meeting on Cambodia–Thailand border tensions

      12/23/2025 2:20:50 PM

      A Lao delegation led by Foreign Minister Thongsavanh Phomvihane has attended a special meeting of ASEAN foreign ministers in Malaysia to discuss rising tensions along the Cambodia–Thailand border.

    • ASEAN seeks solutions to Cambodia–Thailand border tensionsASEAN

      ASEAN seeks solutions to Cambodia–Thailand border tensions

      12/23/2025 10:02:39 AM

      (KPL/VNA) At a special ASEAN foreign ministers’ meeting held in Kuala Lumpur on December 22, Chair Malaysia underscored the importance of maintaining regional peace and stability, while calling on Cambodia and Thailand to fully implement agreements already signed in order to resolve the prolonged tensions along their shared border.

    • Lao Ambassador Calls on Media to Strengthen ASEAN–Korea TiesASEAN

      Lao Ambassador Calls on Media to Strengthen ASEAN–Korea Ties

      11/21/2025 9:13:32 PM

      The Lao Ambassador to the Republic of Korea, Songkane Luangmunithone, has urged media organisations in ASEAN and Korea to deepen cooperation to strengthen public understanding of the ASEAN–Korea Strategic Comprehensive Partnership.

    • Australia and ASEAN: United in Promoting PeaceASEAN

      Australia and ASEAN: United in Promoting Peace

      11/19/2025 1:43:15 PM

      Southeast Asia understands all too well the true cost of conflict and the value of peace. Violence and instability disrupt livelihoods, displace communities and undermine economic growth – threatening food and energy security, and placing long-term development and prosperity at risk.

ຂ່າວ KPL Laos News

Top