Go seeks deeper ASEAN-EU ties to widen funding access for small firms
By Derco Rosal
At A Glance
- Finance Secretary Frederick D. Go has called for stronger ties between the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) to expand financing access for small businesses across the region.
Finance Secretary Frederick D. Go has called for stronger ties between the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) to expand financing access for small businesses across the region.
“Given the EU’s expertise in digital and sustainable finance, Go called for stronger EU-ASEAN cooperation in expanding access to financial services to support small businesses,” the Department of Finance (DOF) said in a statement on Tuesday, April 14.
Such a partnership is expected to unlock a range of opportunities for green investments across the ASEAN region.
This call for deeper regional ties and stronger international partnerships comes against a backdrop of geopolitical tensions that continue to disrupt the global economy.
Go likewise called “for scaling up inclusive financing for micro, small, and medium enterprises (MSMEs) and agri-food value chains, while strengthening regional payment connectivity.” He raised this during the ASEAN Business Advisory Council (ASEAN-BAC) meeting.
As the Philippines serves as the ASEAN chair for 2026, the government is prioritizing a strategy in which the public and private sectors work in tandem to mobilize long-term capital and foster sustainable growth.
Further, the push for modernization also includes technological integration, with regional leaders stressing the growing role of technology and artificial intelligence (AI) in improving efficiency and helping local businesses stay competitive in an increasingly digital global economy.
This digital shift is complemented by discussions with the United States (US) regarding public-private partnerships (PPPs) and blended finance to fund critical infrastructure and regional connectivity.
All these were discussed during the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) held last week, which Go co-chaired with Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr.