Economic Cooperations: Finance Integration

APT cooperation in finance and monetary is pursued under the umbrella of ASEAN+3 Finance Ministers' and Central Bank Governors' Meeting (AFMGM+3), with the Chiang Mai Initiative Multilateralisation (CMIM), the ASEAN+3 Macroeconomic Research Office (AMRO), which was established as an international organisation on 9 February 2016, and the Asian Bond Market Initiative (ABMI) being in the centre of the cooperation.

The APT Finance Ministers' and Central Bank Governors met at their 26^th meeting held on 2 May 2023 in Incheon, Republic of Korea to exchange view on the developments and the outlook for the global and regional economies, as well as policy response to risks and challenges. In their Joint Statement, the APT Finance Ministers and the Central Bank Governor recognized that the ASEAN+3 financial cooperation had played an increasingly essential role in supporting regional economies to address risks and challenges and further agreed to strengthen regional financial cooperation through the initiatives under the Regional Financing Arrangements (RFA) Future Direction, CMIM, AMRO, ABMI, Disaster Risk Financing (DRF), and ASEAN+3 Future Initiatives.

Mechanisms

Other Places

• Cooperation levels:
  • Working/Expert Group
  • Director General level
  • Other Tracks
  • Summit Level Statements
  • Ministerial-level Statements
  • SOM Level
  • Other Levels
  • CPR+3
• Cooperation pillars:
  • Political Cooperations
  • Economic Cooperations
  • Socio-cultural Cooperations
• Other themes:
  • Other Tracks
  • Science, Technology and Innovation
  • Minerals
  • Labour
  • Gender
  • Rural Development and Poverty Eradication
  • Health
  • Education
  • Environment
  • Information and Media
  • Culture and Arts
  • Civil Service
  • Youth
  • Social Welfare and Development
  • Economic Relation
  • Tourism
  • Food, Agriculture, and Forestry
  • Energy
  • Transnational Crime and Illicit Drugs
  • Political Security