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In addition, a new $100 million project seeks to increase the economic empowerment of poor, rural women. Cheaper commodities also assisted these economies with declining inflation, enabling governments to focus on infrastructure development and move ahead with much-needed economic reforms. The region generally has stable governments that have introduced supportive policies to facilitate international investments and helped improve investor sentiment. At the 39th ASEAN Ministerial Meeting from July, the ministers issued a joint communiqué in which they voiced their concern over recent developments in North Korea—including the test firing of its Taepodong-2 missiles on 5 July—that could affect peace and security in the region. They emphasized the need for denuclearization of the Korean Peninsula and called upon concerned parties to utilize the upcoming ASEAN Regional Forum as an opportunity to resume the Six-Party Talks towards a peaceful resolution of the nuclear issue. Meetings of A...

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