MANILA, March 23 (Xinhua) -- The Philippines is pushing for concrete measures to strengthen financial resilience and deepen cooperation among ASEAN Plus Three countries, the Philippines' Department of Finance (DOF) said on Monday.
The DOF said that closer collaboration among the Association of Southeast Asian Nations countries, China, Japan and the Republic of Korea is increasingly critical amid global uncertainty.
The finance authorities said while each country faces its own domestic pressures, a coordinated regional approach is essential to safeguarding stability and building resilience against external shocks.
As part of this effort, the Philippines is pushing for stronger regional disaster risk financing mechanisms to address climate-related threats, according to DOF.
The ASEAN Plus Three framework serves as a platform for dialogue on financial and macroeconomic developments and for addressing shared risks.
The Philippines is the chair of ASEAN for 2026. ■