During the coronavirus disease (COVID-19) pandemic, the economies of the Association of the Southeast Asian Nations (ASEAN) demonstrated resilience in which members have closely collaborated and cooperated in macroeconomic policy discussions to ensure the economic-financial stability in the region. Various measures were implemented to mitigate the shocks through domestics financing. The lessons from previous pandemic urged the government to raise the importance on debt management, especially the importance of local currency bond development to stimulate and support smooth economic recovery. In addition, under the global pressure particularly macroeconomic uncertainty, market volatility and tightened monetary conditions, it is critical to further enhance our own capacity by promoting the government bond market to secure the financing source for country development.