The ASEAN region is facing dual challenges

This requires each country in the region to find solutions to seize new opportunities in adaptive, inclusive and sustainable recovery. This is the statement of the President of the Asian Development Bank.

According to ADB President Masatsugu Asakawa, to maintain the recovery momentum, the ASEAN region needs to be vigilant and ready to cooperate to prevent financial instability in the region. The ADB President said that regional cooperation can pave the way for the sustainable and adaptive recovery of ASEAN economies.

Strong regional trade and investment activity has created a safe buffer for ASEAN during a period of global trade and economic slowdown. The Regional Comprehensive Economic Partnership (RCEP), which entered into force earlier this year, is expected to expand this buffer zone.

In addition, ASEAN’s efforts to enhance food and energy security through regional cooperation, promote health security and strengthen disease surveillance mechanisms are essential to reduce risks. and maintain sustainability.

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