The gathering of the heads of countries and governments from the ASEAN member nations at the Meeting of the International Monetary Fund, IMF, and World Bank, WB, is seen as very special and timely, in the midst of the increasing uncertainties in global economy. The meeting which will take place on 11th October in Bali, Indonesia, carries the theme ‘Achieving Sustainable Development Goals and Overcoming Development Goal Through Regional Collaborative Action’.

ASEAN leaders who will attend the annual meeting of the IMF and WB are on the invitation of His Excellency Dato Laila Utama Joko Widodo, the President of Indonesia, during the plenary session of the 32nd ASEAN Summit in Singapore, last April. Aside from uniting 10 ASEAN leaders, a number of international organisation leaders are also expected to attend including Mr. Antonio Guterres, Secretary-General of the United Nations, UN; Mr. Jim Yong Kim, President of the World Bank; and Ms. Christine Lagarde, the Managing Director of the IMF.

Maintaining the partnership of the leaders of ASEAN member nations in enhancing economic growth towards prosperity, equality and vision to achieve the Sustainable Development Goals are among the aim of the ASEAN leaders meeting in Bali. At the meeting, the ASEAN leaders will discuss steps to strengthen ASEAN regional stability as well as efforts to expedite economic development in regional integration. The ASEAN leaders will also reiterate their commitment to assist the IMF, WB and the role of the U-N in tackling development challenges in the context of Sustainable Development Goals.

The meeting also gathers delegations from 189 countries worldwide including financial and economy ministers, heads of central banks, academics and non-government organisations. The Meeting of the IMF and WB is expected to discuss various global economic issues such as imbalanced trade, eradicating poverty and the impact of economic aid.

The meeting of ASEAN leaders at the annual IMF and WB meeting is seen as an added value towards efforts to maintain regional economic stability apart from further strengthening ASEAN’s position as the 6th major economic power in the world and the third in Asia.

Source: Radio Television Brunei