Asean Leaders to Meet on Sidelines of IMF-WB Annual Meetings in Bali

BY :SHEANY

OCTOBER 05, 2018

Jakarta. Leaders of the Association of Southeast Asian Nations will convene on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Nusa Dua, Bali, next week as part of the regional bloc's efforts to align Asean Vision 2025 with the United Nations Sustainable Development Goals.

Asean Vision 2025 is a roadmap that articulates the regional bloc's goals and aspirations to realize further consolidation, integration and stronger cohesiveness as an economic community.

"The main purpose of this meeting is to take advantage of the presence of the United Nations secretary general, World Bank president and the IMF managing director, and discuss how we can improve our synergy to achieve sustainable development goals in Asean," Indonesian Foreign Ministry spokesman Arrmanatha Nasir said at a press briefing in Jakarta on Thursday (04/10).

He added that the leaders of all 10 member states have confirmed their attendance and that the Asean Leaders' Gathering will take place on Oct. 11.

The meeting will highlight challenges Asean countries are facing, and opportunities, in the context of sustainable development.

"They will try to align the sustainable development goals with the 2025 Asean Vision," Arrmanatha said.

In addition, the meeting will also address ways to strengthen economic stability in the region and accelerate development and integration within Asean.

Asean countries have a total population of 640 million, with a combined gross domestic product of around $2.4 trillion. The bloc's GDP grew at 4.8 percent in 2016.

"Asean is working to not only sustain its growth, but ensure that this growth is both equitable and sustainable," Arrmanatha said.

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