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Shaping the Future of ASEAN Finance

Shaping the Future of ASEAN Finance

The 13th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) marked a major milestone for regional financial cooperation with the endorsement of the finance sector’s End-Term Review (ETR) of the AEC Blueprint 2025. As noted in the Joint Statement of the 13th AFMGM, ministers and governors endorsed the ETR’s recommendations, helping to shape the next phase of ASEAN financial integration.

 

Supported by the ASEAN-UK Economic Integration Programme Financial Services Pillar, the ETR takes stock of ASEAN’s financial cooperation efforts and offers practical recommendations to support the implementation of the AEC Strategic Plan 2026–2030. These recommendations call for more streamlined priorities, clearer objectives, measurable outcomes, stronger knowledge management, leadership continuity, and enhanced monitoring and evaluation.

 

These also contribute to streamlining and strengthening the ASEAN Finance Track under Project Revive—a reform initiative launched within the ASEAN finance sector to improve the operation within the network of ASEAN bodies, working groups, finance ministries, and central banks that coordinate regional financial cooperation.

 

These findings help guide the Revive Project to identify ways to improve cooperation, strengthen how ASEAN financial institutions work together, and ensure future activities are more focused, effective, and deliver clear results.

 

The review highlights four key priorities: strengthening technical capacity, improving knowledge management, enhancing monitoring and evaluation, and deepening coordination across ASEAN’s financial cooperation agenda.

 

Together, these efforts will help build a more integrated, resilient, inclusive, and future-ready ASEAN financial sector.

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