The sixth ASEAN Finance Ministers and Central Bank Governors’ Meeting highlighted the need to step up technological application and digital transformation in financial-banking services to increase resilience to shocks similar to COVID-19.
Regional and financial co-operation are crucial to strengthen the coordination and respond to the impacts of the COVID-19 pandemic and support a sustained economic recovery.
Finance ministers and central bank governors from ASEAN+3 economies reaffirmed their commitment to promote regional financial co-operation, during the annual meeting of the Asian Development Bank (ADB) in Manila on Friday.
Finance ministers of 21 APEC’s member economies declared a joint statement on Saturday, marking the successful conclusion of the 24th APEC Finance Ministers’ Meeting (FMM) held in Hoi An City, Quang Nam Province.
Prime Minister Nguyen Xuan Phuc has called for stronger co-operation and coordination in policymaking among APEC’s member economies towards establishing a stable financial system.
The 24th APEC Finance Ministers’ Meeting and related meetings (FMM) will begin the three-day event on Thursday in the ancient city of Hoi An, the central province of Quang Nam, under the chair of the Vietnamese Ministry of Finance (MOF).
Senior financial officials of the 21-nation Pacific Rim APEC grouping reviewed the progress of their recent co-operation activities and will submit the outcome of their talks to the Finance Ministers Meeting in October.