14 economies to hold financial meeting next week+.TOKYO, Nov. 28 Kyodo Senior finance officials from 14 Asia-Pacific economies will assemble in Bangkok on Sunday and Monday to discuss regional economic issues, an international financial source said Tuesday. The Manila Manila (mənĭl`ə), city (1990 pop. 1,601,234), capital of the Philippines, SW Luzon, on Manila Bay. Manila is the center of the country's largest metropolitan area, its chief port, and the focus of all governmental, commercial, industrial, Framework Group of finance and central bank deputies will review the progress made toward stabilizing regional financial markets as part of efforts to nip Asian crises in the bud, the source said. The group will also exchange views on what steps will be needed to help Asia's economies sustain their accelerating economic recovery, in addition to such ongoing measures as financial-sector reform and corporate restructuring, the source said. The framework group, meeting twice a year, was launched in November 1997 by the 14 economies, including Japan, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Southeast Asian countries Noun 1. Asian country - any one of the nations occupying the Asian continent Asian nation country, land, state - the territory occupied by a nation; "he returned to the land of his birth"; "he visited several European countries" , to promote regional financial and monetary stability. Participants also include senior representatives from the International Monetary Fund, the World Bank and the Asian Development Bank Asian Development Bank A financial_institution established in 1966 to reduce poverty in the Asia-Pacific region. The bank is headquartered in Manila, Philippines and consists of 61 member countries. . At its last meeting in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. in late March, the group confirmed the need for industrial economies to ensure an environment conducive to sustained and broad-based growth in the region. Japan was particularly asked to maintain its aggressive fiscal and monetary policies until the country's economic recovery is firmly established. |
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