GICA RESOURCE LIBRARY

Policy Brief

Enhancing Regional Financial Cooperation in Asia and the Pacific

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1.55 KB •
Published
2017

According to the agenda for regional economic cooperation and integration set in the Bangkok Declaration on Regional Economic Cooperation and Integration in Asia and the Pacific of December 2013, regional financial cooperation in Asia and the Pacific focuses on three issues: (a) to equip countries with tools to cope with  financial volatility and ensure financial stability through cooperative arrangements; (b) to strengthen national financial markets and link them across countries; and (c) to promote an effective mobilization of resources across and within countries. The present document includes a discussion on recent developments in regional financial cooperation and suggestions to deepen it. In line with the regional road map for implementing the 2030 Agenda for Sustainable Development in Asia and the Pacific, special emphasis is placed on domestic resource mobilization, infrastructure financing and financial inclusion.

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