Wednesday, November 14, 2012

East Asia Summit to discuss how to address economic, financial disorder

 Nov 14, 2012

East Asian leaders will discuss how to address economic and financial disorder when they meet heads of the International Monetary Fund (IMF), the Asian Development Bank (ADB) and the World Trade Organisation (WTO) next week, a source said today. 

The source, who asked not to be named, said the Asean Global Dialogue would also include the head of the United Nations Conference on Trade and Development, a senior World Bank official and outgoing Asean secretary-general Surin Pitsuwan.

The two-hour dialogue, to be held on Tuesday next week, is a Cambodian initiative aimed at promoting Asean as a serious high-level platform to discuss global issues.

Prime Minister Hun Sen is scheduled to chair the dialogue which is expected to include remarks by IMF Managing Director Christine Lagarde, ADB President Haruhito Kuroda and WTO Director-General Pascal Lamy.

Additional remarks are expected to be made by UNCTAD Secretary-General Supachai Panitchpakdi and World Bank managing director Sri Mulyani Indrawati as well as Surin.
The remarks are scheduled to be followed by a one-hour open dialogue among leaders attending the East Asia Summit which groups Asean with the United States, China, Russia, India, Japan, South Korea, Australia and New Zealand.

Cambodia hopes the dialogue will attract multilateral support to the Phnom Penh Agenda adopted by Asean leaders in April in addition to raising the regional group's political and economic profile.

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