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ASEAN to enhance economic recovery, regional financial intergration

Second Finance Minister Amir Hamzah Azizan told the press that Malaysia has focused on three priority economic deliverables (PED) under the financial track, namely sustainable financing, digital economy, and inclusive development.

Second Finance Minister Amir Hamzah Azizan (Photo: Bernama)
Second Finance Minister Amir Hamzah Azizan (Photo: Bernama)

Kuala Lumpur (VNA) – Malaysia will chair the 12th ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM) from April 7-10 to strengthen regional economic integration and financial resilience collectively.

Second Finance Minister Amir Hamzah Azizan told the press that Malaysia has focused on three priority economic deliverables (PED) under the financial track, namely sustainable financing, digital economy, and inclusive development. They will be the main focus of discussions at the AFMGM.

He said that sustainable financing aims to drive the Association of Southeast Asian Nations (ASEAN’s access to financing a just and orderly transition towards low-carbon and climate-resilient economies. Meanwhile, the second PED, digital economy, targets efforts to accelerate the growth of a sustainable and inclusive ASEAN capital market to strengthen regional capital market foundation and review the ASEAN Capital Markets Forum action plan between 2026 and 2030.

The third PED, he said, aims to expand ASEAN’s instant payment network connectivity and focuses on developing regional payment systems. This supports digital infrastructure development and ensures that no country is left behind in regional digital economic progress.

More than 300 delegates, comprising finance ministers and central bank governors as well as representatives of international financial institutions and the private sector, are expected to attend the event./.

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