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The 1997 Asian financial crisis that began to affect Indonesia became an economic and political crisis. The initial response was to float the rupiah, raise key domestic interest rates, and tighten fiscal policy.
The Eighteenth East Asia Summit was held in Jakarta, Indonesia on September 6–7, 2023. The East Asia Summit is an annual meeting of national leaders from the East Asian region and adjoining countries. EAS has evolved as forum for strategic dialogue and cooperation on political, security and economic issues of common regional concern and plays ...
Worldpose for family portrait during ASEAN conference with European Union in Jakarta, Indonesia in July 2023. The 1st ASEAN Summit was held in February 1976 in Bali, Indonesia. [4] At this summit, ASEAN expressed its readiness to "develop fruitful relations" and mutually beneficial co-operation with other countries of the region. [5]
The Myanmar crisis has dogged ASEAN and dented its credibility as the junta pays lip-service to ASEAN's calls to implement its "five-point consensus", whereby all sides cease hostilities and start ...
ASEAN has been pushing a “five-point consensus” for peace, but the military leadership in Myanmar has so far ignored the plan, raising questions about the bloc’s efficiency and credibility.
In a statement after an Association of Southeast Asian Nations (ASEAN) retreat, the ministers gave support for efforts by the new special envoy on the crisis, from Laos, in "reaching out to ...
The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion . [ 1 ]
2023 Indonesia: 2024 ... (ACU) started in the middle of the 1990s, prior to the 1997 Asian financial crisis. [179] It is a proposed basket of Asian currencies, ...