1945

Enhancing regional financial cooperation in Asia and the Pacific

Increases in the availability of financing and quality of financial services along with improvements in the management of public resources can be very effective in supporting sustainable development in Asia and the Pacific. In the Bangkok Declaration on Regional Economic Cooperation and Integration in Asia and the Pacific emphasis is placed on regional cooperation in such areas as (a) equipping countries with tools to cope with financial volatility and ensure financial stability through, among other things, cooperative arrangements for the provision of liquidity support; (b) strengthening national financial markets and establishing linkages among them; and (c) effectively mobilizing resources across and within countries.

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