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Philippines Joins 3rd ASEAN+3 Economic Cooperation and Financial Stability Forum

18 December 2024, Seoul. The Philippines participated in the 3rd ASEAN+3 Economic Cooperation and Financial Stability Forum, with the theme “Sustainable Growth: Reinforcing Resilience, Revitalizing Productivity,” convened on December 16, 2024, at the Bank of Korea in Seoul. Jointly organized by the ASEAN+3 Macroeconomic Research Office (AMRO), the International Monetary Fund (IMF), and the Bank of Korea. The forum gathered policymakers, academics, and experts to address the region’s economic challenges and explore pathways for sustainable development.

The Philippine delegation included Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila, Jr., Department of Finance Undersecretary Joven Balbosa of the International Finance Group (DOF-IFG), and other finance officials. Philippine Ambassador Theresa Dizon-de Vega was likewise present at the forum.

The forum featured keynote messages and presentations from ROK Deputy Prime Minister and Minister of Economy and Finance Sang-mok Choi, AMRO Director Kouqing Li, Nobel Laureate for Economics Simon Johnson, IMF Director Krishna Srinivasan, Indonesian Finance Minister Sri Mulyani Indrawati, ADB President Masatsugu Asakawa and other distinguished experts.

BSP Deputy Government Dakila joined the Panel Session on “Macroeconomic Development and Prospects: Near-term Risks and Policy Directions” where panelists examined near-term risks to macro-financial stability and discussed policy directions to address these challenges.

The forum discussed the urgent need for enhanced economic and financial cooperation among ASEAN+3 countries in the face of evolving challenges and to secure sustainable growth. END

Other News

January 28, 2026
PHILIPPINE EMBASSY IN SEOUL EXPLORES COLLABORATION WITH EAAFP ON MIGRATORY BIRD CONSERVATION

25 January 2026, Seoul. Philippine Ambassador to the Republic of Korea, H.E. Bernadette Therese C. Fernandez and the Embassy’s Political and Economic Section met with Ms. Jennifer George, Chief Executive of the East Asian-Australasian Flyway Partnership (EAAFP) Secretariat on 21 January 2026. Ms. George was accompanied by Ms. Jisun Lee, Foundation Officer and Ms. Kyle Esperanza Zuleta, Program Officer of EAAFP.Ambassador Fernandez highlighted the strong complementarities between the conservation of migratory birds and the promotion of sustainable tourism, noting that many key bird migration areas in the Philippines overlap with the country’s prime tourism destinations. Advancing regional cooperation for migratory bird protection would likewise help raise awareness of the Philippines’ wetlands and coastal ecosystems. The Ambassador further emphasized the importance of integrating tourism and cultural dimensions into this undertaking, citing Philippine dances inspired by bird movements as expressions of the country’s deep cultural connection to nature.Ms. George conveyed that the EAAFP is an active partnership of 22 countries and 18 partners working together to conserve migratory waterbirds, their habitat and the livelihoods of people who depend on them.  Building on the success of the EAAFP’s 12th Meeting of Partners (MOP12) in Cebu City, Philippines from 14 to 18 November 2025, EAAFP and Embassy officials had a productive discussion on further exploring areas of collaboration on conservation of migratory waterbirds and their habitat.  The Philippines remains an important flyway for migratory birds with seven (7) designated Flyway Site Networks in the country, including the Olango Island Wildlife Sanctuary, Naujan Lake National Park, Tubbataha Reefs Natural Park, Negros Occidental Coastal Wetlands Conservation Area, Lake Mainit, Agusan Marsh Wildlife Sanctuary and Sibugay Wetland Nature Reserve. END

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January 28, 2026
PHILIPPINES SEEKS EL SALVADOR SUPPORT FOR UN SECURITY COUNCIL CANDIDATURE

20 January 2026 – Philippine Ambassador to the ROK Bernadette Therese C. Fernandez paid a courtesy call on H.E. Federico Miguel Guerrero Avendaño, Ambassador of the Republic of El Salvador to the Republic of Korea, reaffirming the warm and friendly relations between the Philippines and El Salvador. 

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January 27, 2026
PHILIPPINES LEADS DIALOGUE ON SAFE AND ETHICAL AI AT ASEAN COMMITTEE IN SEOUL ROUNDTABLE

Seoul, 20 January 2026 — The Philippine Embassy in Seoul hosted a Special Lecture and Roundtable on Cybersecurity and Artificial Intelligence at the Sentro Rizal Conference Room, bringing together ASEAN Heads of Mission and ROK partners, including the ASEAN-Korea Centre, for an exchange on artificial intelligence, cybersecurity, and ethical and responsible digital governance. The event forms part of the Philippines’ preparations for its ASEAN Chairmanship in 2026, with a focus on advancing a human-centered and future-ready regional digital agenda.

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