3 Sustaining Macroeconomic Performance in the ASEAN Countries

Abstract

As Managing Director of the IMF, I frequently have the opportunity to discuss the challenges of economic management with your counterparts in other IMF member countries. I do not think I will be divulging any confidences if I tell you that these discussions often center on how their countries can attain the economic results that the member countries of the Association of South East Asian Nations (ASEAN) are already achieving—that is, high and sustainable rates of growth and, equally important, the kind of “high-quality” growth that also fosters human development, promotes equity, safeguards the environment, and allows an enhancement of the cultural values of your countries.