Bali – Asia’s governments must spend more on social safety nets and reduce their reliance on export-driven growth even as they grapple with an economic meltdown that will keep tens of millions trapped in poverty, finance officials said Sunday.

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Denpasar – Finance ministers of the ASEAN+3 (Chine, Japan and South Korea) will discuss follow-up actions on the Chiang Mai Initiative during the 42nd Asian Development Bank (ADB) governors meeting in Bali this upcoming May 2-5, 2009.

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