ASEAN Leaders’ Declaration on Advancing Regional Payment Connectivity and Promoting Local Currency Transaction

ASEAN Chair 10 May 2023
ASEAN Leaders’ Declaration on Advancing Regional Payment Connectivity and Promoting Local Currency Transaction

ASEAN Leaders’ Declaration on Advancing Regional Payment Connectivity and Promoting Local Currency Transaction

WE, the Association of Southeast Asian Nations (ASEAN), namely Brunei Darussalam, the Kingdom of Cambodia, the Republic of Indonesia, the Lao People’s Democratic Republic, Malaysia, the Republic of the Union of Myanmar, the Republic of the Philippines, the Republic of Singapore, the Kingdom of Thailand, and the Socialist Republic of Viet Nam, gathered in Labuan Bajo, Indonesia, on the occasion of the 42nd ASEAN Summit, on 10 – 11 May 2023;

RECALLING the goal of regional economic integration laid out in the ASEAN Economic Community Blueprint 2025, which envisions creating a deeply integrated and highly cohesive ASEAN economy that would support sustained high economic growth and resilience, by among others, ensuring that the financial sector is inclusive and stable;

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