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Press conference after Eurogroup meeting
23 May 2022
Singapore - The 6th Joint Regional Financing Arrangements (RFAs) Research Seminar, a two-day virtual event, commences today. This year’s seminar focuses on spillovers from international capital flows, as well as policy measures to address the contagion effects and improve existing international frameworks that may contribute to dealing with capital flow volatility. This event is held jointly by the ASEAN+3 Regional Macroeconomic Office (AMRO), European Stability Mechanism (ESM), and Latin American Reserve Fund (FLAR), in partnership with the G20 Indonesian Presidency.
Since the pandemic hit two years ago, unprecedented measures have been taken to address the initial shock waves. While some economies bounced back fairly quickly, the ability of countries to withstand the economic damage and control the disease varies widely – as does the speed of the economic recovery. Amid this environment, supply disruptions and energy price hikes triggered a supply shock that the war in Ukraine now exacerbates.