Hạ Long -

Vietnam Travel

- Halong Cruises - Travel Company In Vietnam - Vietnam Travel Agency - Ẩm thực - Vietnam Tourism -

Travel To Vietnam

- Hotel in halong

Thailand, Malaysia seeking joint ASEAN infrastructure fund

Published: 06/04/2009 05:00

0

164 views
Thailand and Malaysia are planning to set up a joint Southeast Asian fund that would pool excess foreign-exchange reserves to finance infrastructure spending that boosts jobs and economic growth in the region.

“Together with Malaysia, we have been talking about the concept of a joint infrastructure fund for ASEAN,” Thailand’s Finance Minister Korn Chatikavanij said in an interview on Bloomberg Television in Bangkok Monday. The fund “can utilize the excess foreign reserves the Asian economies and central banks hold in order for that excess reserve to be put to use in developing infrastructure networks,” he said.

Finance ministers and leaders from Japan, China, South Korea, India, Australia and New Zealand and the 10-member Association of Southeast Asian Nations, or ASEAN, will meet in Thailand this week.

Asian governments, which hold about two-thirds of the world’s foreign-exchange reserves, have taken steps to shield their currencies from speculative attacks. Japan, China, South Korea and 10 Southeast Asian countries agreed in February to pool US$120 billion to shore up regional stability.

ASEAN includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Formed in 1967, it has a combined gross domestic product of more than $1.1 trillion and a population of about 570 million.

Source: Bloomberg

Provide by Vietnam Travel

Thailand, Malaysia seeking joint ASEAN infrastructure fund - International - News |  vietnam travel company

You can see more



Halong Cruises

Prev Next

enews & updates

Sign up to receive breaking news as well as receive other site updates!

Ads by Adonline

La Belle Vie Hotel