KAZAN, TATARSTAN, 18th May, 2025 (WAM) – ASEAN countries are taking steps to revive the idea of creating their own monetary fund, said Malaysian Prime Minister Anwar Ibrahim.
He said that there is a need for transformation within ASEAN, particularly in the financial sector, and that the grouping is actively taking steps in this direction.
He was responding to a question by TV BRICS during the final leg of his official visit to Kazan, Russia, on transformation among ASEAN countries, particularly in the financial sector, and his proposal to revive an Asian Monetary Fund as a buffer to shield the region from economic crises.
The prime minister also noted that Malaysia will host the ASEAN meeting at the end of this month, which will focus primarily on economic matters.
"It will also include participation from the Gulf Cooperation Council (GCC), with all six Arab states attending. This will be followed by a summit with China, centred on economic cooperation. "That shows that our focus is back on economic fundamentals," Anwar emphasised.