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Japan financial diplomat Kanda: ASEAN+3 agree on new lending facility

TOKYO (Reuters) -Deputies of the ASEAN+3 group of nations agreed on Thursday to set up a new regional lending facility to respond to emergencies in the region amid rising uncertainty over a global economic slowdown and elevated U.S. interest rates. The establishment of the new scheme, dubbed the Rapid Financing Facility, and its specific content will be formally confirmed at their ministerial gatherings scheduled next spring and summer, Japanese top financial diplomat Masato Kanda said after the group's two-day meeting in the city of Kanazawa, northwest of Tokyo. The new facility was meant to complement the existing webs of multilateral currency swaps known as Chiang Mai Initiative Multilateralisation (CMIM) which can be used during times of crisis. ....

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Foreign Exchange Market size to increase by USD 516.48 billion between 2023 to 2028| Increasing market liquidity to drive the market growth

/PRNewswire/ In a recent Technavio report titled Foreign Exchange Market is projected to grow at a rapid pace in the coming years. The market size is. ....

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Indonesia and Singapore renew bilateral liquidity lines

MAS and Bank Indonesia also renew bilateral repo agreement ....

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