ASEAN+3

ASEAN+3

An international forum for the members of the Association of Southeast Asian Nations along with China, Japan, and South Korea. Its first meeting occurred in 1997 but it was not established formally until 1999. It is noted for proposing the Asian currency unit, an accounting currency that would (if implemented) rationalize exchange rates among participating currencies to promote financial stability.
References in periodicals archive ?
The proposed knowledge and support regional technical assistance (ta) will support financial cooperation and integration among policy makers in the association of southeast asian nations (asean) plus the peoples republic of china (prc), japan, and the republic of korea (collectively known as asean+3) on the development of green local currency denominated bonds for infrastructure development in asean+3.
'Also, a country like South Korea, which is part of the Asean+3 group, as well as the 16-member Regional Comprehensive Economic Partnership (RCEP), can definitely benefit from these partnerships,' Ong said.
Aicelle Santos proudly represented the Philippines as she bagged second place in the recent ASEAN+3 Song Contest in Quang Ninh, Vietnam.
The regional macroeconomic surveillance organization Asean+3 Macroeconomic and Research Office (Amro) also cut its 2019 and 2020 growth forecasts for the Philippines to 6.3 percent and 6.5 percent, respectively.
ISLAMABAD -- The Asian Development Bank (ADB) has approved a US $ 50 million additional capital contribution to support the guarantee operations of the Credit Guarantee Investment Facility (CGIF), a trust fund of ADB created to promote the development of deep and liquid local currency and regional bond markets in the ASEAN+3 region.
ISLAMABAD -- The Asian Development Bank (ADB) has approved a $50 million additional capital contribution to support the guarantee operations of the Credit Guarantee Investment Facility (CGIF), a trust fund of ADB created to promote the development of deep and liquid local currency and regional bond markets in the ASEAN+3 region.
THE weakness of the country's manufacturing and export sectors prompted the Asean+3 Macroeconomic Research Office (Amro) to cut its growth outlook for the Philippines.
In a report, the ASEAN+3 Macroeconomic Research Office, or AMRO, slashed its 2019 growth estimate for the Philippines to 6.3% from 6.
I believe exports and investment will recover along with the expenditure," he said during a press conference at the Meeting of Finance Ministers and Central Bank Governors of ASEAN, China, Japan and Korea (ASEAN+3), Wednesday.
South Korea, China and Japan "recognise that the ASEAN+3 region continues to be a key driver of global economic growth and expect the ASEAN+3 region to remain steadfast, despite a more challenging global environment with trade frictions, softened external demand and tighter global financial conditions," the statement said.
'Clearly, Laos has now become a member of the World Trade Organisation, the Asean Economic Community and Asean+3, and of course, it is believed that bringing benefits to the Lao economy and logistics has a direct connection with business operations as well,' he said.
ASEAN Finance Ministers made a decision in 2011 to set up the ASEAN+3 Marcoeconomic Research Office (AMRO) in Singapore (p.