sustainable finance. The Meeting also commends the initiative to develop an ASEAN Green Map to promote a comprehensive and coordinated development of sustainable finance in the region across banking, insurance, capital market, and ancillary services sector that support sustainable financing. The Meeting supports the initiative to conduct a stock-take on AMS’ progress on sustainable banking. Financial Inclusion 31. The Meeting will continue to advance financial inclusion in ASEAN by increasing financial access, usage and quality of financial services for the peoples in ASEAN. The Meeting is pleased to note that the average level of ASEAN financial exclusion, based on AMS’ national data is now at 27.92 percent, already surpassing the 2025 target of 30 percent in the Strategic Action Plans (SAP) for Financial Integration. The Meeting noted that all AMS have now established a national financial inclusion or financial education strategy / blueprint in supporting their national financial inclusion strategy and implementation plans. The Meeting welcomed the publication of the works of the Working Committee on Financial Inclusion (WC- FINC) namely the “Policy Note on Digital Financial Literacy” and “Measuring Progress 2021: Financial Inclusion in Selected ASEAN countries” in supporting greater financial inclusivity in the region and integrating financial inclusion effort with economic inclusion outcome. 32. The Meeting take note of the considerable progress in insurance penetration in ASEAN, despite the pandemic and economic contraction in the region. This was facilitated by the accelerated deployment of digitalisation initiatives and amendments to regulations to enable insurance business to seamlessly adapt to the new operating environment brought on by the pandemic. The Meeting welcomed AIRM’s initiative to develop a COVID-19 Insurance Data Terminal that consolidates the entry and travel insurance requirements of each AMS. Disaster Risk Financing 33. The Meeting is pleased with the progress made by the ASEAN Disaster Risk Financing and Insurance (ADRFI) Phase 2 Programme Offices run in parallel by the ICRM-NTU and the ASEAN Secretariat. On Risk Assessment, the Meeting noted the completion of the Economic Exposure Data (EED) and Economic Loss Data (ELD) report for the three AMS last year and ongoing work for three more AMS this year. The data exchange and analytics prototype-portal which uses 2-D and 3-D dashboards for risk financing analysis to facilitate AMS’ risk assessment and advisory work, was also completed ahead of schedule. On the capacity building programme, the Meeting also welcomed the good progress made with the roll-out of three capacity building activities in collaboration with various International Organisations to support the enhancement of the disaster finance resiliency and address the climate risk in the region. The Meeting also took note of the ongoing discussion on possible expansion of the scope for the ASEAN Cross-Sectoral Coordination Committee On Disaster Risk Financing and Insurance to include other risks such as pandemic health risk. Cyber Resilience 34. The Meeting welcomed the continued sharing of updates among AMS on cyber resilience and capacity building initiatives of the ASEAN Cybersecurity Resilience and Information Sharing Platform (CRISP) to combat cybersecurity threats among central banks. 6/7