FILE PHOTO: Outbreak of the coronavirus disease in Tokyo, JapanTOKYO -Finance ministers and central bank governors from China, Japan and South Korea on Monday vowed "targeted" measures for those countries most affected by the COVID-19 pandemic, and committed to foster fiscal and financial stability.
Responses to the coronavirus crisis, universal health coverage, climate change, high-quality infrastructure and debt transparency and sustainability in emerging Asia are expected to top the agenda at the ADB gatherings. "However, we should remain vigilant as the economic recovery has been uneven across and within member economies, uncertain and subject to elevated downside risks."
At their last virtual meeting in September, the financial chiefs from Japan, South Korea, China and ASEAN, a group known as ASEAN+3, promised to boost the Chiang Mai Initiative Multilateralisation .
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