Asia-Pacific Economic Cooperation (APEC) Senior Finance Officials’ Meeting opened in central Vietnam’s Hoi An city on October 19, centering on drafting a joint ministerial statement and reviewing policy priorities in 2017.
The priorities include long-term investment in infrastructure, tax avoidance through base erosion and profit shifting, disaster risk financing and insurance, and financial inclusion.
Regarding long-term investment in infrastructure, the officials from 21 APEC member economies and international financial institutions such as the World Bank and the International Monetary Fund reviewed mechanisms to facilitate private sector engaging into long-term infrastructure investment.
They also reviewed ways of promoting public-private partnership (PPP) projects in delivery of infrastructure facilities through dealing with risk allocation issues and building instruments to mitigate risks.