2024/FMM/JMS/AnxC - Joint Ministerial Statement Annex C - Second Strategy for Modernization of the Finance Ministers’

In 2016, the APEC Finance Ministers adopted, in Lima, the “Strategy for Modernization of the Finance Ministers’ Process”, with the aim to provide the Finance Ministers’ Process (FMP) with greater impetus for open and action-oriented discussion amongst members, to focus on key deliverables and to better communicate APEC’s achievements to the public. [...] The host economy should strengthen the coordination with the Chairs or Convenors of the policy initiatives, to align their work programs to the current FMP work program, where appropriate. [...] Regarding the seminars and workshops in the margins of the Finance and Central Bank Deputies’ Meeting and the Senior Finance Officials’ Meeting: a. [...] Depending on the agenda, according to the preference of the host economy and with no objection from other economies, the seminars may be opened to the general public, in accordance with relevant APEC guidelines or rules, with the aim of publicly sharing best practices from the output of APEC initiatives. [...] Economies may consider if an effective communication strategy to better publicize the FMP outcomes should be issued, maintained, and updated, accordingly, based on the interests and needs of APEC economies, preferably in the context of the adoption of the new FMP roadmap.