The Executives Meeting of East Asia-Pacific Central Banks (EMEAP) has published a report, '30 Years of EMEAP Governors' Meetings: A Review of Past Achievements and Future Priorities', to mark the 30th Meeting of EMEAP Governors, held earlier this year in Bangkok, Thailand.
The report reflects on EMEAP's history and achievements over the past three decades, outlining four strategic medium-term priority areas. It also presents plans to develop new ways of working that will enhance EMEAP's ability to proactively address future regional challenges, while strengthening its role in fostering trust and information sharing through frank and candid dialogue.
Since its establishment in 1991, EMEAP has served as a unique platform for open and candid discussions at all levels, especially through challenging times such as the Asian Financial Crisis in 1997 and the COVID-19 pandemic in 2020/21. It has played an important role in strengthening professional networks, enhancing regional monitoring and surveillance, building crisis response capability, and advancing the development of local bond markets through the creation and promotion of the Asian Bond Fund.
Looking ahead, EMEAP has identified four medium-term priority areas which will help shape its work over the coming years: geopolitical tensions; changing inflation dynamics; the impact of digitalization and AI; and climate and environmental threats. To address these challenges, EMEAP will improve its ways of working and enhance synergies and coordination across its various bodies, while preserving its strengths - namely, a low administrative burden, high flexibility, and the informal nature of its meetings.
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EMEAP consists of the following central banks: Reserve Bank of Australia, The People's Bank of China, Hong Kong Monetary Authority, Bank Indonesia, Bank of Japan, Bank of Korea, Bank Negara Malaysia, Reserve Bank of New Zealand, Bangko Sentral ng Pilipinas, Monetary Authority of Singapore, and Bank of Thailand
30 Years of EMEAP Governors' Meetings: A review of past achievements and future priorities (PDF, 3MB)
