Finance Ministers from the
21 Asia-Pacific Economic Cooperation (APEC) member economies released a joint statement at the conclusion of their meeting in Lima on Monday under the theme, "Sustainable + Digital + Resilient = APEC."
It describes joint actions to be taken forward by APEC member economies in the following priority areas:
- Global and Regional Economy
- Sustainable Finance
- Domestic Carbon Pricing and Non-pricing Measures
- Sustainable Energy Transitions
- Sustainable Infrastructure Financing
- Open Finance to Enhance Competition and Foster Innovation
- Digital Financial Inclusion
- Hydrometeorological Risk Financing
- Modernization of the Finance Ministers' Process
Finance Ministers also launched the Sustainable Finance Initiative for the coordination and promotion of voluntary information sharing and capacity building on sustainable finance issues.
They further welcomed the adoption of the guidance document for developing a new roadmap and endorsed a strategy to modernize the Finance Ministers' Process.
Read the accompanying annexes to the joint statement:
Peru is hosting APEC for the third time after the 2008 and 2016 editions.
21 leading economies
APEC is made up of:
Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, the Russian Federation, Singapore, Chinese Taipei, Thailand, the United States, and Vietnam.
Together, they account for 62% of world's GDP, 48% of global trade in goods and services, plus 38% of the planet's population.
Editor's note: Information provided by the APEC Secretariat.
Publicado: 22/10/2024