EMBASSY OF THE REPUBLIC
OF THE PHILIPPINES


SEOUL REPUBLIC OF KOREA

news

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


September 05, 2025
PHILIPPINE EMBASSY HOLDS 2025 PALARONG PINOY AND FAMILY DAY IN JEJU, SOUTH KOREA

31 August 2025, Jeju, South Korea — The Philippine Embassy in Seoul successfully held the 2025 Palarong Pinoy and Multicultural Family Day on 31 August 2025 at the Shimin Bokji Citizens Welfare Town Plaza in Jeju-si, South Korea. This vibrant event is part of the Embassy’s ongoing cultural diplomacy and community engagement efforts aimed at fostering unity and cultural pride among overseas Filipino workers (OFWs), Filipino marriage migrants, and multicultural families in South Korea.

Read More
September 04, 2025
PHILIPPINE EMBASSY CONDUCTS CONSULAR OUTREACH SERVICE IN JEJU, REPUBLIC OF KOREA

30 August 2025, Jeju. The Philippine Embassy in Seoul conducted a two-day consular outreach mission in Jeju-si, Jeju-do from 30 to 31 August 2025, led by Consul General Edwin Gil Q. Mendoza. The consular team provided a total of 54 consular and Assistance-to-Nationals services to members of the Filipino community, including e-passport applications, notarials, civil registration, and Embassy ID, among others. 

Read More
September 01, 2025
PHILIPPINE EMBASSY IN SEOUL COMMEMORATES MARITIME AND ARCHIPELAGIC NATION AWARENESS MONTH (MANAMO) 2025

The Embassy of the Republic of the Philippines in Seoul joins the Filipino nation in celebrating Maritime and Archipelagic Nation Awareness Month (MANAMo) 2025, with the theme “Nagkakaisang Kapuluan, Panatag Na Karagatan.” 

Read More