Representatives attend the APEC Senior Finance Officials' Meeting in Hoi An city in central Vietnam, Oct. 19, 2017. Asia-Pacific Economic Cooperation (APEC) Senior Finance Officials' Meeting opened in central Vietnam's Hoi An city on Thursday, centering on drafting a joint ministerial statement and reviewing policy priorities in 2017. (Xinhua/VNA)
HANOI, Oct. 19 (Xinhua) -- Asia-Pacific Economic Cooperation (APEC) Senior Finance Officials' Meeting opened in central Vietnam's Hoi An city on Thursday, 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.
On Friday, APEC Finance and Central Banks Deputies' Meeting will take place in Hoi An, focusing on drafting the final version of the joint ministerial statement, and touching upon implementation of Cebu Action Plan, and the four priorities.
On Saturday, APEC Finance Ministers' Meeting is scheduled to take place in the city with the presence of Vietnamese Prime Minister Nguyen Xuan Phuc.
The delegates will discuss global and regional economic and financial outlook, priorities of the APEC Finance Ministers' Process (FMP) 2017, implementation of Cebu Action Plan, and adoption of the joint ministerial statement.
The joint ministerial statement is expected to mention regional cooperation issues, policy themes and directions for the FMP in the coming time.
