ASEAN Meeting In Yogyakarta Agrees On Collective Efforts To Maintain Regional Economic Stability

Illustration (Photo: Doc. Ministry of Foreign Affairs)

JAKARTA The ASEAN Finance and Central Bank Meeting of the Deputy Meeting Working Group (AFCDM-WG) and It's Related Meetings held in Yogyakarta agreed on collective efforts to address regional issues and maintain economic stability.

Head of the Regional and Bilateral Policy Center of the Ministry of Finance, Yogi Rahmayanti, said that this meeting was a collaborative step attended by representatives of the Ministry of Finance and Deputy for Central Banks from ten ASEAN countries, including Timor Leste's invitation.

"This participation (the presence of Timor Leste) has been mandated by the Leaders and Councils of the ASEAN Economic Community (AEC). On behalf of all ASEAN members, I warmly welcome Timor-Leste in our meeting today," he said as reported by the official website, Tuesday, July 18.

Yogi explained that several agendas at the meeting included discussing the progress of ASEAN Chair Priorities 2023 cooperation, Blue Printing of ASEAN Economic Community, Roadmap for Monetary and Financial Integration of ASEAN, as well as ASEAN financial cooperation.

There are twelve meetings that include major meetings and supporting meetings such as Seminar on the Implementation of Disaster Risk Funding and Insurance and the Implementation of Adaptive Social Protection in Indonesia, Seminar on the Financial and Agricultural Sector Collaboration to Improve ASEAN Food Security and Steering Committee for Capacity Building (SCCB) 24.

"All of these meetings are part of the journey of the ASEAN member state cooperation process for a full year," he said.

Meanwhile, the results of the discussion at the meeting will then be submitted to the second ASEAN Finance Ministers and Central Bank Governors' Meeting (AFMGM) in August 2023, which will take place in Jakarta.