1. We, the Finance Ministers and Central Bank Governors of ASEAN, China, Japan and Korea (ASEAN+3), convened our 21st meeting in Manila, Philippines under the co-chairmanship of E. Heng Swee Keat, Minister for Finance of the Republic of Singapore, and H.E. Dong Yeon Kim, Deputy Prime Minister and Minister of Strategy and Finance of the Republic of Korea. The President of the Asian Development Bank (ADB), the Director of ASEAN+3 Macroeconomic Research Office (AMRO), the Secretary General of ASEAN, and the Deputy Managing Director of the International Monetary Fund (IMF) were also present at our meeting.

2. We exchanged views on recent global and regional economic developments and policy responses, and agreed to work together to strengthen the resilience and robustness of the regional economy to contribute to strong, sustainable, balanced and inclusive global growth. We also reviewed the progress of regional financial cooperation since our last meeting in Yokohama, Japan including the Chiang Mai Initiative Multilateralisation (CMIM), AMRO and the Asian Bond Markets Initiative (ABMI).

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