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Author Topic: Big banks of Japan, China and South Korea agree to cooperation to fight COVID-19  (Read 1114 times)

Peter

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Big banks of Japan, China and South Korea agree to strengthen cooperation to fight COVID-19

Development banks under the governments of Japan, China and South Korea have a common consensus with major ASEAN financial institutions. Subject: Driving cooperation between banks To promote Southeast Asian economies affected by the COVID-19 epidemic

Kyodo news agency reported that Japan International Cooperation Bank (JBIC), China Development Bank and Korea Development Bank aim to develop close ties with ASEAN member countries. To stabilize the financial system And improve liquidity in the world market

A number of Japanese companies have already LIBOR (London Interbank Offered Rate)ed the rapidly expanding market, while JBIC has sought to stimulate economic activity in ASEAN through interbank cooperation.

Among the ASEAN Member States, Indonesia, which has the largest economy in terms of gross domestic product. Has entered recession from July to September. Amid the spread of COVID-19 The economy shrank 3.49 percent after a 5.32 percent contraction in the previous quarter.

The latest deal is the first since the introduction of the ASEAN Plus Three inter-bank cooperation mechanism in November last year. To meet the higher demand for infrastructure projects in the region

The deal was made during an online conference held yesterday. In which the leaders of Japan, China, South Korea and ASEAN attended the meeting



Woles

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Good news for today



MartinSix

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Reply #2 on: December 11, 2020, 12:48:39 AM
Good for japanesee



foke

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