The Bangko Sentral ng Pilipinas (BSP) and the International Monetary Fund (IMF) garnered another milestone after the successful regional dialogue on Financial Stability in Mactan, Cebu on 15-16 May 2023.
With the theme, “The New Frontier of Financial Stability: Global Problems, Global Solutions, Local Challenges,” the conference brought together 14 central banks and financial authorities from the region, six international organizations, as well as 31 institutions representing the private sector, market players and experts.
One of the highlights of the conference is the focus on Asia as a collective body in addressing systemic risk issues affecting the global economy. Although much work needs to be done, the conference moved the needle towards building resilience through creating bridges and molding behaviors across stakeholders.
By Glazyl Y. Masculino
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