InfoQuest, (April 22, 2019) -- Apisak Tantivorawong, minister of finance and Thai Governor to the World Bank Group, led a Thai delegation to attend the G20 Finance Ministers and Central Bank Governors Meeting, Joint Meeting of the World Bank-International Monetary Fund Southeast Asia Voting Group (SEA Group), as well as relevant meetings held from April 10 to 16, 2019 in Washington DC, according to Mr. Laoworn Saengsanit, director of the Fiscal Policy Office (FPO). The meetings the minister of finance attended covered the following details.
Thailand, as the ASEAN chair, was invited to attend the G20 meeting. At the meeting, the representative of the International Monetary Fund (IMF) delivered a speech. The meeting focused on the main risks facing the global economy, the progress made in solving global imbalance, fiscal issues, the impact of aging society on macro economy. It also called for investment in quality infrastructure, especially infrastructure construction to promote regional connectivity, and support for the universal health insurance scheme, particularly quality medical services for all in developing countries.
As Thai Governor to the World Bank Group, the minister of finance also attended the Joint Meeting of the World Bank-International Monetary Fund Southeast Asia Voting Group (SEA Group), together with ten executives of the World Bank and 13 executives of the IMF from other member countries under SEA Group. At the meeting, reports about SEA Group's work and main policies in the World Bank and the IMF were presented. Apisak Tantivorawong shared ideas with experts of the IMF in terms of challenges facing developing countries when making economic policies as global economy sees more risks, such as the impact of the trade conflict between the United States and China, the fluctuation of capital flows, and the over-reliance on the US dollar in international trade.
At other meetings involving finance ministers, Mr. Apisak Tantivorawong held bilateral discussions with senior executives of the World Bank and representatives of financial institutions. These meetings discussed issues to boost cooperation between Thailand and the World Bank, and achievements Thailand's digital infrastructure development has embraced, especially the National E-Payment.
Source: InfoQuest, by Khru / Tanawat / Rachada, translated by Xinhua Silk Road
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