Money and Finance

APEC Finance Ministers' Process

The APEC Finance Ministers' Process (FMP) provides an annual forum for APEC member economies to address regional macroeconomic and financial issues as well as domestic and regional financial policy priorities. The strategic goals of the FMP are to promote sound and credible policies for:

  • Sustainable and broad-based development with equity in the APEC region
  • Macroeconomic stability in the APEC region
  • Prudent public finance management
  • Good corporate governance
  • Stable and efficient capital markets
  • Greater economic cooperation, integration and openness among APEC economies
  • Facilitation of economic and technical cooperation within the region

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APEC Finance Ministers first met in 1994 in Honolulu, the United States. Since then, they have met annually, most recently in October 2014 in Beijing, China. Finance Ministers issued a statement in 2014 outlining key initiatives, including an implementation roadmap to develop successful infrastructure public-private partnerships in the APEC region. Partners in the FMP process include the World Bank, the International Monetary Fund, the Asian Development Bank, the Inter-American Development Bank, the Organisation for Economic Co-operation and Development and the APEC Business Advisory Council.

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