Financial road map drawn up

popular .

Cavite Vice Gov. Jolo Revilla 'sustains' gunshot, says Governor Remulla

Santiago questions BBL constitutionality, authority of Aquino, MILF

Raps vs jealous vice mayor’s wife downgraded

Why I'm single

Video: 500 meters above the bloody fields of Mamasapano

Something fishy in call center raid

Messages of grief, thanks pour out for Jam Sebastian

Gov’t forces capture another BIFF camp

videos

PBA: Ginebra’s LA Tenorio comfortable on the floor with Emman Monfort

PBA: Agustin credits good defense, big men performance for win over Purefoods

PBA: Warner’s maturity big thing for Globalport, says coach Gonzales

Crime watchdog wants advisory body composed of bishops, inter-religious leaders

Former Tarlac Governor calls Aquino to resign

TAGAYTAY CITY, Philippines—Finance and central bank officials of the 21 economies belonging to the Asia-Pacific Economic Cooperation (Apec) on Thursday firmed up the proposed “Cebu Action Plan” aimed at making the region more financially integrated, transparent and resilient alongside infrastructure development.

“Inclusivity has been placed on the Apec agenda amid the desire to make economic growth redound to a faster pace of poverty reduction,” the Philippines’ Department of Finance noted in a statement in relation to the two-day Apec Finance and Central Bank Deputies’ Meeting, which will end today.

“Our vision is that with the Cebu Action Plan being a key agenda in the Apec Finance Ministers’ Process beginning this year, we can forge an Apec community that have harmonized policies, rules and practices that enable and facilitate: free trade and free flow of cross-border investments; access to financial services by low-income households, MSMEs [micro, small and medium enterprises], and the unbanked; good governance that results to sustainable and inclusive economic growth; reduced risks arising from financial shocks, climate change and other natural disasters; rapidly growing financial markets with diversified financial instruments and risk-transfer facilities; and development of quality infrastructure to sustain growth,” National Treasurer Roberto B. Tan said in his opening remarks during Thursday’s meeting.

The Cebu Action Plan, which has four pillars, will be up for approval by the group’s finance heads during the 22nd Apec Finance Ministers’ Meeting in Cebu City in September.

Get Inquirer updates while on the go, add us on these apps:

• Tags:




• APEC




• Cebu Action Plan




• Finance




• financial road map

Related Stories:

• Australia investigates ‘paedophile’ father in Thai baby scandal


• Bangladesh ferry owner faces charges in sinking


• Bangladesh ferry owner faces charges in sinking


• Bangladesh ferry owner faces charges in sinking


• Bangladesh ferry owner faces charges in sinking


• Bangladesh ferry owner faces charges in sinking


• Bangladesh ferry owner faces charges in sinking


• Bangladesh ferry owner faces charges in sinking

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94

seo tools