Prime Minister Nguyen Tan Dung has voiced ASEAN’s support for joint efforts to achieve strong, sustainable and balanced growth and create a strong financial system as a nucleus for sustainable development.
At the opening session of the G20 Summit in Toronto, Canada, on June 27, Mr Dung noted that ASEAN member countries support fiscal consolidation on the basis of friendly growth, which is applied differently and in a flexible way based upon the situation of each country, so as to ensure economic recovery and the healthy for the financial system.
The ASEAN Summit in Hanoi in April 2010 issued a declaration on sustainable recovery and development, affirming to continue with monetary and fiscal support but prepare to lift supportive measures whenever the individual economy signals steady growth, PM Dung said.
ASEAN also welcomes G-20’s priority to narrowing development gap, supporting the establishment of working group for development and make “development” a topic of the G20 Summit to be held in November in Seoul, he added.
The G20 Summit drew the participation of representatives from G20 countries, guest countries (Vietnam, Malawi, Ethiopia, Spain and the Netherlands) and international organisations (the United Nations, the International Monetary Fund, the World Bank, the United Nations Development Programme, the International Labour Organisation, and the World Trade Organisation.)
The theme “Framework for strong, sustainable and balanced growth” of the summit has been adopted by G20 countries’ leaders so as to ensure the sustainable recovery and development of the global economy at the third G20 Summit in Pittsburgh in September 2009.
ASEAN supports and pledges to continue to combine its policy with policy selections by the G20, PM Dung affirmed.
The bloc also asked for a closer cooperation mechanism between G20 and ASEAN, starting by its positive participation in G20 policy making (as a guest), and then the acceptation, adaptation and harmonisation of G20’s policy selections and ASEAN’s, and getting feedback as the final step.
Source: VNA