Malaysia Focuses On Three Priority Economic Deliverables At AFMGM 2025 - Amir Hamzah

KUALA LUMPUR, April 4 (Bernama) -- Malaysia has focused on three priority economic deliverables (PEDs) under the financial track — sustainable financing, digital economy, and inclusive development  — which will be the main focus of discussions at the 12th ASEAN Finance Ministers and Central Bank Governors' Meeting (AFMGM) from April 7-10.

Second Finance Minister Datuk Seri Amir Hamzah Azizan said the meeting at the Kuala Lumpur Convention Centre (KLCC) will serve as one of the main platforms for ASEAN to strengthen regional economic integration and financial resilience collectively.

He said that sustainable financing, the first PED, aims to drive ASEAN’s access to financing a just and orderly transition towards low-carbon and climate-resilient economies.

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“This initiative aims to ensure ASEAN member countries can achieve their respective climate targets through access to appropriate financing.

“The second PED, digital economy, targets efforts to accelerate the growth of a sustainable and inclusive ASEAN capital market to strengthen regional capital market foundation and review the ASEAN Capital Markets Forum (ACMF) action plan between 2026 and 2030,” he said at a Finance Ministry media briefing today.

Amir Hamzah said the third PED, inclusive development, aims to expand ASEAN's instant payment network connectivity and focuses on developing regional payment systems.

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This supports digital infrastructure development and ensures that no country is left behind in regional digital economic progress.

Amir Hamzah said more than 300 delegates, comprising ASEAN finance ministers and central bank governors as well as international financial institutions and private sector representatives, are expected to attend the event.

He said ASEAN member countries will collectively emphasise the importance of expanding financial access and strengthening financial mechanisms to support fair and sustainable economic development via AFMGM.

It will be a discussion-packed event with presentations, action plans, and regional financial planning for the medium and long term.

“Over the four days, 14 meetings will be held, including discussions with the ASEAN-US Business Council, ASEAN-European Union, and the ASEAN Business Advisory Council.

“The meetings will involve sessions with international financial institutions on the impact of global trade and ASEAN-China-US economic integration,” he said.

Prime Minister Datuk Seri Anwar Ibrahim will officiate the closing ceremony.

Securities Commission Malaysia will organise the ASEAN Investment Conference as an AFMGM’s side event, to be followed by the launch of the ASEAN Environmental, Social, and Governance (ESG) Disclosure Guide for Small and Medium Enterprises.

There will also be a ministerial dialogue session on ASEAN’s macro-structural policies that Amir Hamzah, Singapore’s Transport Minister and Second Finance Minister Chee Hong Tat and Indonesia's Vice Minister of Finance Thomas Djiwandono will attend.

-- BERNAMA