The Association of Southeast Asian Nations (ASEAN) finance ministers and central bank governors endorsed a package of regional finance deliverables and adopted the ASEAN Finance Sectoral Plan 2026–2030 at the 13th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting in Manila. The agenda centres on deepening capital markets, expanding regional payments connectivity, and promoting financial health, alongside a reaffirmation of the region’s resilience amid heightened global uncertainty. The plan prioritises capital market deepening, payments connectivity, and financial health, with key milestones including completion of the ASEAN Taxonomy’s technical screening criteria and the launch of the ASEAN Capital Markets Forum Action Plan 2026–2028. Officials also flagged the need for vigilance against risks from capital flows, climate-related shocks, and geoeconomic fragmentation, and committed to deeper cooperation on sustainable finance, disaster risk financing, regulatory and supervisory alignment, and digital financial innovation. Ministers and governors encouraged stronger private-sector participation in infrastructure financing, digital innovation, sustainable finance, and capacity-building initiatives, and noted the Philippines’ hosting of the meeting from 7 to 10 April 2026 and Singapore’s chairmanship in 2027.
ASEAN 2026-04-14
Association of Southeast Asian Nations finance ministers and central bank governors adopt Finance Sectoral Plan 2026–2030 for capital market deepening and payments connectivity
The Association of Southeast Asian Nations finance ministers and central bank governors endorsed regional finance deliverables and adopted the ASEAN Finance Sectoral Plan 2026–2030, centred on capital market deepening, regional payments connectivity, and financial health. Milestones include completing the ASEAN Taxonomy’s technical screening criteria and launching the ASEAN Capital Markets Forum Action Plan 2026–2028, alongside commitments to closer cooperation on sustainable finance, disaster risk financing, regulatory alignment, and digital financial innovation.