ASEAN+3 to launch tech assistance tools to address systemic challenges

They concluded their 28th annual meeting in Milan recently.

Co-chaired by China and Malaysia this year, the meeting focused on global and regional macroeconomic developments and regional financial cooperation under the 10+3 framework.

According to a joint statement issued after the meeting, ASEAN+3 is expected to remain a key driver of the global economy over the medium term, contributing to more than 40 per cent of global growth.

Meanwhile, inflation is expected to remain low at below 2 per cent in 2025. The region’s outlook is, however, subject to heightened uncertainties, the statement noted.

The participants reaffirmed their commitment to advancing regional financial cooperation under the ASEAN+3 framework.

The next such meeting will be held in Samarkand, Uzbekistan in 2026. The Philippines and Japan will be the co-chairs.

ALCHEMPro News Desk (DS)