APEC Finance Ministers to meet in Quang Nam

According to Vu Duc Thang, Head of the International Relations Department under the Ministry of Finance, the meeting will see the participation of 300 international and domestic delegates, including financial ministers, leaders of financial institutions, such as the International Monetary Fund (IMF), the World Bank (WB), the Asian Development Bank (ADB) and the Organization for Economic Cooperation and Development (OECD), and leaders of central banks from 21 APEC economies.

At the meeting, the financial ministers will discuss global and regional macro-economy and finance, review financial cooperation progress themed “Creating new dynamism, fostering a shared future”, and identify four prioritized themes for the APEC 2017, including long-term infrastructure investment, base erosion and profit shifting (BEPS), disaster risk financing and insurance and inclusive finance.

Cooperation in these four fields will be reported to the finance ministers on October 21. The ministers will then issue a joint statement on regional financial cooperation and collaboration priorities in 2017.

The results of the APEC Finance Ministers’ Meeting and Related Meetings will be also reported to the APEC 2017 National Committee for preparation of the APEC Summit in November.

Translated by Lam Anh