REPUBLIKA.CO.ID, JAKARTA - Indonesian Minister of Finance Agus Martowardojo attended the 19th annual meeting of the APEC ministers in Moscow on Thursday. Besides sharing Indonesian perspective, the minister also offered a theme for APEC Finance Minister Meeting 2013 with Indonesia as the host.
The Head of Communication and Information Service Bureau at the Ministry of Finance, Yudi Pramadi, said the meeting was an effort towards effective financial condition and inclusive economic growth in Asia Pacific. The meeting highlighted on potential risks towards global economy, fiscal sustainability, financial stability, policy to help restore impacts of disaster, and the development of financial system.
According the APEC-2012’s official site, the meeting focused on the following key issues; global economy and perspectives for the Asia-Pacific Region; fiscal sustainability as a factor of long-term economic growth in the APEC economies; developing treasury systems of the APEC economies; financial literacy and financial education; financial policy measures to address the impact of natural disasters. The outcome of the APEC Finance Ministers' Meeting is a final draft of recommendations for the leaders of the economies, which will be presented to them on September 8-9 in Vladivostok.
About APEC
Asia-Pacific Economic Cooperation (APEC) is the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region, as mentioned on APEC-2012's official site. APEC was established in 1989 to enhance economic growth and prosperity for the region and to strengthen the Asia-Pacific community.
As of now, APEC has 21 members - Australia; Brunei Darussalam; Canada; Chile; People's Republic of China; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; the Republic of the Philippines; The Russian Federation; Singapore; Chinese Taipei; Thailand; United States of America; Viet Nam - which account for approximately 41 percent of the world's population, approximately 55 percent of world GDP and about 49 percent of world trade.
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