Bank Indonesia Governor Perry Warjiyo speaks at a high-level seminar entitled ‘From ASEAN to The World’ and themed ‘Payment System in the Digital Era’ in Badung, Bali on March 28, 2023. (Photo:ANTARA) Jakarta (VNA) – The ASEAN Central BankDeputies Meeting (ACDM) took place on March 28 in Indonesia to discuss the priority economic deliverables (PEDs) in 2023.
The meeting was held as part of the first Meeting ofthe ASEAN Finance Ministers and Central Bank Governors (AFMGM), which is takingplace from March 28 to 31, 2023.
The event saw the participation of deputy governorsand central banks’ representatives from nine member states, namely the MonetaryAuthority of Singapore, the Central Bank of Malaysia (BNM), the Bankof Thailand (BOT), the Bangko Sentral ng Pilipinas (BSP) of thePhilippines, the Bank of the Lao PDR (BOL), Brunei Darussalam CentralBank (BDCB), the National Bank of Cambodia (NBC) and the State Bankof Vietnam (SBV).
Speaking at the opening ceremony, Deputy Governor ofBank Indonesia Dody Budi Waluyo emphasised the importance of policy coordination among regionalcentral banks to support recovery,promote economic growth and enhance financial stability.
He said the bloc needs to intensify collaboration andimplement collective measures to realise the PEDs, which are categorized into three strategicthrusts: Recovery and Rebuilding: Rebuilding Regional Growth through ConnectedMarkets and New Competitiveness; Digital Economy: Accelerating InclusiveDigital Economy Transformation and Participation; as well as Sustainability:Promoting Sustainable Economic Growth for a Resilient Future.
At the conference, delegates also discussed three maintasks, including currency diversification by exploring the use of LocalCurrency Transactions (LCT); develop the Regional Payments Connectivity (RPC)to strengthen cross-border payments connectivity and support inclusive growth;and strengthen macro-financial resilience through the synchronous implementationof policies.
They also talked about promoting financial integrationin the region by 2025, and expressed support for the priorities of Indonesia's ASEAN chairmanship 2023.
The outcomes of discussions at the event will bereported to the AFMGM on March 31./.
