ASEAN KEY DESTINATIONS
ASEAN finance ministers, CB governors to meet in Cebu
April 1, 2017
Finance ministers and central bank governors from the Association of Southeast Asian Nations (ASEAN) are meeting next week in Mactan island, Cebu to discuss ways of fleshing out members’ commitments to financial integration and cooperation.
To be hosted by Finance Secretary Carlos G. Dominguez III and Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. on April 6 to 7, the meetings will also include the ASEAN Finance Ministers’ Investors Seminar (AFMIS).
AFMIS is an annual event that aims to provide the regional bloc’s member-states with a platform to interact with investors and financial institutions, and exchange views on how to promote ASEAN as a regional investment destination.
This year marks a milestone for the ASEAN, which will celebrate its 50th anniversary with the Philippines as host. The 2017 ASEAN theme is “Partnering for Change, Engaging the World.”
The 2017 AFMIS will also focus on updates on ASEAN’s engagement with the global economy, regional connectivity, and the progress of the regional economic community, which is designed to create a single market and production base within the region.
AFMIS’ breakout sessions will be organized to discuss, among others, prospects on the growing consumer market in ASEAN Economies, which is gaining the largest critical mass among emerging economies, and infrastructure investments as a vehicle for sustainable growth in the region.
Agreements on the ASEAN Banking Integration Framework are expected to be signed on the sidelines of the ASEAN Finance Ministers and Central Bank Governors’ meetings.
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