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AFDC Attends the Seventh APEC Senior Finance Officials’ Meeting (SFOM7)

AFDC Attends the Seventh APEC Senior Finance Officials’ Meeting

(SFOM7)

The Seventh APEC Senior Finance Officials’ Meeting (SFOM7) was held on February 18th and 19th, 2010, in Tokyo, Japan. Mr. Pan Wenxing and Ms. Mou Tingting from the Ministry of Finance of China and Dr. Zhao Min from the AFDC attended the meeting as senior officials representing China.

This meeting was hosted by the Ministry of Finance of Japan. Participating economies include Australia; Brunei Darussalam; Canada; Chile; China; Hong Kong, China; Taiwan, China; Indonesia; Japan; Korea; Malaysia; the Philippines; Russia; Singapore; Thailand; the United States; Vietnam; etc. International organizations such as the APEC Secretariat, the World Bank, ADB, and IMF also attended the meeting.

At the meeting, senior officials discussed four major agendas, which were: overview of global and regional economy; strong, sustained and balanced growth in the APEC region; FMM processes; and APEC medium-term agenda. They also tried to come up with some recommendations and relevant reports to be submitted at the next APEC Finance Officials’ Meeting.

Dr. Zhao on behalf of the AFDC briefed to all the delegates attending SFOM7 the activities to be held by AFDC in 2010, which attracted wide attention from the participants. Through exchange of ideas and viewpoints with delegates from the Ministries of Finance of APEC economies, AFDC learned about the current capacity building needs in the region and will take them into account while organizing trainings and conducting research this year.