Closing the gap to boost Asean resilience against novel risks
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The Philippines has been recognized for its leadership during the Asean Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM), addressing various novel risks such as geoeconomic and geopolitical challenges, financial resilience, and climate risk management. The agenda emphasizes the need for holistic strategies to ensure sustainable prosperity for the 680 million people in the region, who face significant threats from energy price shocks, food crises, extreme weather, and rising living costs. Building resilient economies and financial markets is essential for long-term prosperity in Asean.
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