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Finance and Central Bank Deputies of APEC economies meet

Released at: 16:35, 23/02/2017 APEC Viet Nam 2017

Finance and Central Bank Deputies of APEC economies meet

Photo: VNA

APEC Year 2017's priorities will focus on such issues as promoting sustainable, innovative and inclusive growth, Deputy Finance Minister tells meeting.

by Quoc Uy

The APEC Finance and Central Bank Deputies’ Meeting (FCBDM) kicked off in Nha Trang on February 23, according to a report from the Vietnam News Agency.

As part of the first APEC Senior Officials’ Meeting (SOM-1), the meeting drew 150 delegates from the 21 APEC member economies and international organizations, including the International Monetary Fund (IMF), the World Bank (WB), the Asian Development Bank (ADB), the Organization for Economic Cooperation and Development (OECD), and APEC Business Advisory Council (ABAC).

In his opening remarks as representative of the host country, Deputy Minister of Finance Tran Xuan Ha said that, under the theme “Creating New Dynamism, Fostering a Shared Future”, APEC Year 2017’s priorities will focus on such issues as promoting sustainable, innovative and inclusive growth, boosting regional economic connectivity, enhancing competitiveness and innovation among micro-, small- and medium-sized enterprises, and increasing food security and sustainable agriculture in response to climate change. 

He added that the meeting will discuss regional and global economic prospects and identify common opportunities and challenges to seek practical and effective measures to mitigate risks and pursue sustainable development.

Following consultations, Mr. Ha said, APEC member economies have suggested deliberating long-term investment in infrastructure, finance and natural disaster risk insurance, base erosion and profit shifting, and financial inclusion, and will report to the Finance Ministers’ Meeting in October this year.

The FCBDM is scheduled to last until February 24.

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