APEC presents roadmap for financial integration in Asia
The meeting pointed to a roadmap for a more sustainable financial future for the Asia Pacific. The plan seeks an APEC community more prosperous, financially integrated, transparent, and connected.
The action plan has four pillars: Promoting of financial integration, advancing fiscal reforms and transparency; enhancing financial resilience, and accelerating infrastructure development and financing.
This program continues the progress towards the Bogor Goals of free and open trade and investment, as well as the Kyoto Report on Growth Strategy and Finance.
The ministers also agreed that fiscal transparency and reforms should be included in the improvement of public investments in the region.
Ministers also highlighted the importance of quality infrastructure development.
The 23rd APEC Finance Ministers meeting will be held in Lima, Peru, in October 2016.
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