Press Release

APEC Senior Finance Officials Meeting commences

07/06/2018

The APEC Senior Finance Officials’ Meeting (SFOM) has commenced its two days meeting in Madang this morning with topics of discussions under the policy priority on promoting inclusive growth through structural reform.

The APEC Senior Finance Officials’ Meeting (SFOM) has commenced its two days meeting in Madang this morning with topics of discussions under the policy priority on promoting inclusive growth through structural reform.

A lot of discussions during SFOM would focus on advancing:
• Infrastructure development financing • Inclusive growth • Tax incorporation

This morning’s session began with the discussion on global and regional economic and financial outlook where Senior Finance Officials were invited to discuss the global and regional economic and financial outlook, including key issues and risks for APEC economies and appropriate policy responses.

The other discussions for the day were on advancing financial inclusion, implementing the Cebu action plan and disaster risk finance and insurance.

Day two of the meeting will have discussions around accelerating infrastructure development and financing, fostering international tax cooperation and transparency.

Over the two days’ member economies would be sharing collective knowledge, expertise and experiences for economies to learn from.