BUSINESS
Advocates Philippines
BSP Leads Push For Stronger ASEAN+3 Finance Ties
Photo credit: BSP
The Bangko Sentral ng Pilipinas (BSP) is taking a more active role in shaping regional financial cooperation after co-leading a key ASEAN+3 Task Force Meeting held in Makati City earlier this month.
The two-day meeting, held from January 13 to 14, 2026, was jointly led by the BSP and the Department of Finance, alongside Japan’s Ministry of Finance and the Bank of Japan. It gathered financial authorities from ASEAN+3 member economies as they worked to strengthen regional collaboration and improve the region’s ability to withstand global economic uncertainties.
During the discussions, participants tackled several priority initiatives aimed at deepening financial integration in the region. These included assessing the benefits and potential risks of cross-border payment connectivity, crafting high-level policy recommendations, and developing the next roadmap for the Asian Bond Markets Initiative.
The meeting also focused on reinforcing the region’s preparedness for financial shocks, including strategies to mitigate the economic impact of natural disasters, a growing concern for many ASEAN countries.
Officials said the gathering marked an important step toward closer coordination among ASEAN+3 economies, underscoring the shared goal of building a more resilient, integrated, and responsive regional financial system in the face of an increasingly uncertain global landscape.
The two-day meeting, held from January 13 to 14, 2026, was jointly led by the BSP and the Department of Finance, alongside Japan’s Ministry of Finance and the Bank of Japan. It gathered financial authorities from ASEAN+3 member economies as they worked to strengthen regional collaboration and improve the region’s ability to withstand global economic uncertainties.
During the discussions, participants tackled several priority initiatives aimed at deepening financial integration in the region. These included assessing the benefits and potential risks of cross-border payment connectivity, crafting high-level policy recommendations, and developing the next roadmap for the Asian Bond Markets Initiative.
The meeting also focused on reinforcing the region’s preparedness for financial shocks, including strategies to mitigate the economic impact of natural disasters, a growing concern for many ASEAN countries.
Officials said the gathering marked an important step toward closer coordination among ASEAN+3 economies, underscoring the shared goal of building a more resilient, integrated, and responsive regional financial system in the face of an increasingly uncertain global landscape.
Jan 26, 2026
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