(VOVworld) – ASEAN finance ministers and central bank governors plus Japan, China, and the Republic of Korea have agreed to accelerate structural reforms to remove obstacles to sustainable growth and to be vigilant against risks arising from large capital outflows. On the sidelines of the Asian Development Bank annual meeting in the Azerbaijan capital of Baku on Sunday, participants promised to sustain the relatively high growth rate of the previous year.

Indonesian Finance Minister speaks at the ADB annual meeting. (Photo: tuoitre.vn)

In a separate statement by the Japanese Finance Ministry, Japan pledged greater bilateral financial cooperation with ASEAN countries as agreed in 2013. The move will facilitate infrastructure development for stronger connectivity between ASEAN nations, helping to improve financial supervision and other goals.