KUALA LUMPUR, Sept 26 (NNN-BERNAMA) – Finance ministers of Asia-Pacific Economic Cooperation (APEC) met virtually yesterday to share and exchange ideas on fiscal and monetary interventions, to mitigate the economic impact of the COVID-19 pandemic, as well as, to build a more resilient economy.<\/p>\n\n\n\n
Malaysian Finance Minister, Tengku Zafrul Tengku Abdul Aziz, who chaired the meeting, said, APEC members have worked together as a region and should continue to do so with a compassionate, coherent and comprehensive response, as well as, a shared sense of responsibility.<\/p>\n\n\n\n
“As the pandemic threatens to overwhelm healthcare and economic systems around the world, APEC member economies have responded with a wide range of measures to address the impact of the pandemic,” he said in the opening remarks.<\/p>\n\n\n\n
Following a fruitful discussion, the delegates issued a joint Ministerial Statement, which provides an insight into how APEC collectively responded to COVID-19 through fiscal and monetary measures, aimed at supporting the lives and livelihood of the people, as well as, businesses in the APEC economies.<\/p>\n\n\n\n
APEC also recognises the critical role of digitalisation in ensuring financial integration and inclusion, as well as, the need for financial preparedness via disaster risk financing and insurance.<\/p>\n\n\n\n
The meeting was attended by representatives from finance ministries, central banks and financial regulators of APEC as well as international organisations, being organised in a virtual format for the first time.<\/p>\n\n\n\n
APEC is a regional economic forum established in 1989, to leverage the growing interdependence of the Asia-Pacific. APEC’s 21 members aim to create greater prosperity for the people of the region, by promoting balanced, inclusive, sustainable, innovative and secure growth and by accelerating regional economic integration.– NNN-BERNAMA <\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, Sept 26 (NNN-BERNAMA) – Finance ministers of Asia-Pacific Economic Cooperation (APEC) met virtually yesterday to share and exchange ideas on fiscal and monetary interventions, to mitigate the economic impact of the COVID-19 pandemic, as well as, to build a more resilient economy. Malaysian Finance Minister, Tengku Zafrul Tengku Abdul Aziz, who chaired the […]<\/p>\n","protected":false},"author":10,"featured_media":93925,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300,198,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/93923"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93923"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/93923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/93925"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93923"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}