APEC Senior Finance Officials' Meeting opens in Hoi An city

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(QNO) - The 2-day Meetings of APEC (Asia-Pacific Economic Cooperation) Senior Finance Officials (SFOM),  Deputy Finance Ministers, and Deputy Governors of APEC Central Banks started on 19 October at Palm Garden resort in Hoi An city (Quang Nam province) to draft Joint Ministerial Statements. It is the most important event of the APEC Finance Ministers’ Process (AFMP).

A scene of the meeting.
A scene of the meeting.

Participants in the APEC Finance Minister’ Meeting and Realated Meetings are about 300 domestic and  international representatives including financial leaders from 21 APEC member economies, IMF, WB, ADB and OECD.

Participants at the meeting.
Participants at the meeting.

They set to review all the four policy priorities in 2017, including long-term Investment in infrastructure, base erosion and profit shifting, disaster risk financing and insurance and financial inclusion, which were discussed at the SFOM in Ninh Binh province in May 2017.  The outcomes of the cooperation in the four priorities will be reported to the Ministers on October 21 and a Joint Ministerial Statement will be released on regional cooperation issues, policy themes and directions for the APEC FMP in the coming time. Besides, they also update the deployment of Cebu Action Plan and the others related.

At the meeting.
At the meeting.

Besides, the APEC Finance Ministers will have a conversation with the APEC Business Advisory Council (ABAC) and leaders of large businesses and corporations in the Asia-Pacific region. They also discuss with international partners about the effective tools for project management and skill training to use these tools for project managers in the APEC member economies.

Journalists at the sideline of the meeting.
Journalists at the sideline of the meeting.

The results from the APEC FMM will be sent to the APEC National Committee in preparation for the APEC Summit in November 2017 in Da Nang city.