The signing of Memorandum of Cooperation (MoC) on the establishment of the ASEAN+3 Finance Think Tank Network (AFTN)

OCTOBER 03, 2023

The Centre for Strategic and Policy Studies (CSPS) and 20 overseas leading research institutions signed a memorandum of cooperation (MoC) on the establishment of the ASEAN+3 Finance Think Tank Network (AFTN) on September 29. The MoC was signed by CSPS representative Executive Director Dr Diana Cheong and witnessed by CSPS Associate Researcher Dr Sufrizul Husseini.

The AFTN will focus on contributing to the regional macroeconomic and financial resilience and stability of the ASEAN+3 region through dialogue, knowledge exchange and the mobilisation of regional research resources.

In his opening address, ASEAN+3 Macroeconomic Research Office (AMRO) Director Kouqing Li said, “Addressing the complex and evolving challenges we are facing today call for broader and deeper regional cooperation. By establishing the AFTN, AMRO and our 20 esteemed network members from across ASEAN+3 aim to bolster knowledge exchange and generate innovative ideas and solutions toward safeguarding the region’s macroeconomic and financial resilience and stability”.

In her introductory remark for CSPS, Dr Diana Cheong explained the Centre is now recalibrating on the mid-term review of Brunei Vision 2035 in its research priorities, alongside studies to understand the impact of current and emerging challenges, incorporating views and from all corners of society in policy suggestions, economic diversification and improving financial sustainability. More efforts at local and regional level are beneficial to address such issues.

Collaborative think tank efforts such as the AFTN are placed to contribute to a better understanding of these issues through a bigger and international platform, sharing of evidence-based research and providing new thinking on policy practices and outcomes.

CSPS believes that the signing of the MoC marks a significant moment in the pursuit of regional economic stability and prosperity as CSPS strive to forge a stronger bond of collaboration that transcends borders and ideologies.

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