The process of financial co-operation in Asia took a major step forward in early May, during meetings held in tandem by the governors of the Asian Development Bank (ADB) and regional finance ministers in Hanoi. The Vietnamese capital hosted both the 44th annual meeting of the governors of the ADB and the 14th meeting of the finance ministers of the Association of South-east Asian Nations and China, Japan and South Korea (Asean+3). More than 4000 delegates attended the five-day meeting and "engaged in very robust and concrete discussions", according to ADB president Kuroda Haruhiko, on issues including international monetary reform, regional financial stability and regulation, controlling inflation and capital flows and promoting private investment in regional infrastructure and economic and business conditions in the host country.
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