No: 27/255/DKom
The Central Bank Governors of SEACEN member states agreed to strengthen regional economic resilience through closer regional collaboration against a backdrop of global uncertainty, digital transformation and the transition towards economic sustainability. With its large economic scale, Asia has the potential to establish a more resilient and inclusive regional economic order. This spirit characterised the discussions at the 61st South East Asian Central Banks (SEACEN) Governors' Conference, held in Bali (28/10/25). The conference serves as a forum for exchanging ideas as an integral part of strengthening cooperation between central banks in the region in terms of capacity building as well as policy and institutional development.
The Governor of Bank Indonesia, Perry Warjiyo, emphasised that now is the time for countries in the region to act collectively towards strengthening economic resilience. “We are facing significant challenges. Regional collaboration and stronger institutional capacity, therefore, are key to maintaining regional economic sustainability and resilience," stated Governor Perry.
Governor Perry also shared 5 (five) key steps instituted by Bank Indonesia in response to the current dynamics and challenges. First, strengthening the integrated implementation of a monetary, macroprudential and payment system policy mix framework. Second, strengthening systemic oversight, which includes money market deepening and the supervision of non-bank financial institutions. Third, accelerating cross-border digital payments connectivity, both retail and wholesale. Fourth, strengthening institutional capacity to maintain central bank independence, while ensuring synergy with the government and real sector. Fifth, developing the capacity of human resources, ready to tackle future central banking challenges.
Echoing those sentiments, the Executive Director of SEACEN, Dr Cyn-Young Park, said “Economic cooperation is not the endgame, rather a means to unlocking growth potential, fostering innovation and strengthening resilience in a world amid uncertainty."
This series of SEACEN meetings marks the beginning of Bank Indonesia's transition to SEACEN leadership, with the official handover from the Bank of Korea in 2026. SEACEN is a cooperation forum among central banks in the Asia-Pacific region[1] that focuses on strengthening institutional capacity and policy research. Bank Indonesia's leadership of SEACEN in 2026 serves as recognition of Indonesia's active role in strengthening central bank capacity in the region, while ensuring the results of SEACEN's research and training contribute to policies in member states.
The session continued with a panel discussion featuring a number of prominent speakers, including from the Bank for International Settlements (BIS), UnionPay, Sustainable Finance Institute Asia, Hong Kong Green Finance Association, Coordinating Ministry for Economic Affairs of the Republic of Indonesia, UC Berkeley, and East Asian Institute, alongside several central banks as SEACEN members, including the People's Bank of China, Monetary Authority of Singapore, and Bangko Sentral ng Pilipinas.
Closing the first day of the conference, Bank Indonesia Deputy Governor, Ricky P. Gozali, explained how the world is currently facing volatile global geo-economic dynamics, thereby changing the direction of trade and investment and the flow of technology. “In that context, deepening financial integration in Asia is not merely a goal, but a strategic necessity to maintain stability and strengthen economic resilience in the region," added BI Deputy Governor Ricky.
Following the first day of the conference, the 45th Board of Governors Meeting will be held on 29th October 2025 to discuss the direction and strategic plan for SEACEN from 2026-2030, thereby strengthening SEACEN's role as a partner in developing the capacity of central banks in the region to remain adaptive and agile.
Jakarta, 28th October 2025
Communication Department
Ramdan Denny Prakoso
Executive Director
[1] SEACEN has 19 member central banks and monetary authorities in the Asia-Pacific region, namely Bank Indonesia, Bank Negara Malaysia, Monetary Authority of Singapore, Bank of Thailand, Bangko Sentral ng Pilipinas, Central Bank of Myanmar, State Bank of Vietnam, Brunei Darussalam Central Bank, National Bank of Cambodia, Bank of Lao P.D.R., Central Bank of Sri Lanka, Reserve Bank of India, Bank of Korea, Bank of Mongolia, Central Bank of Nepal, Central Bank of the Republic of China, Bank of Papua New Guinea, Bank of Fiji, and Royal Monetary Authority of Bhutan.
