APEC Finance and Development Program

APEC Finance and Development Program 2002 Annual Forum was held by Diaoyutai State Guesthouse in Beijing on May 26, 2002. The Forum is jointly sponsored by the World Bank and the Secretariat of the AFDP. Officials from the State Council and Beijing Municipal Government, senior officials from APEC membership economies and specialists and professionals from the industrial and mercantile surrounds gave presentations at the Forum. The participants held discussions on chief mall evolution and the financing and economic growth of small and medium-sized companies.

The APEC Finance and Development Program (AFDP) 2003 Annual Forum, organized by the AFDP Secretariat and the World Bank, was held in Shanghai on October 15. 2003. "Establishing Stable Financial Systems: Policy and Challenge" was the heading of the Forum, which covered the emulating three conferences;

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During their quondam meetings,What Are The Best Luggage Brands, APEC leaders have consistently accentuated the magnitude of strengthening capacity mansion in the APEC region, and asked Finance Ministers to persist their exertions to amplify the capacity of their economies and folk to strengthen fiscal sector and sustain economic development over the long term. The APEC Finance and Development Program, through providing training courses, financing research projects and organizing forums, aims to endow to people resources development by providing training courses charted to encounter the characteristic absences of the region; explore ways to enhance sustainable growth in this region, and to develop approaches tailored to the diverse situations of member economies in the region; and invest serviceable inputs to plan making on meaningful policy issues of direct care to APEC members.

APEC Finance and Development Program (AFDP), one initiative proposed by China, aims to reinforce capacity creating in the APEC region through the mechanism of the APEC Finance Ministers Meeting. Through financing research, organizing bbs and providing exercising lessons, the Program thrusts the capacity of the APEC Economies in the fields of finance and development and explores reaches tailored to the diverse situations of the member economies in the APEC region. APEC Finance and Development Program (AFDP1 was endorsed by the 8th APEC Finance Ministers Meeting held in Suzhou in September 2001, and subsequently by APEC chairmen in Shanghai in October 2001. On October 21. 2001, Chinese President Jiang Zemin unveiled the Program, signal its lawful launching.

With the haste of globalization and the increasing financial inter-dependence, the challenges of promoting financial permanence and achieving sustainable economic growth are appropriate more etched. It is widely recognized namely human capacity is a key necessity for an economic and its people to be able to share the benefits of globalization and lessen the risk?, it poses. In this environment, there has been rising demand in APEC for cooperation in capacity building to achieve APEC's shared vision of stability, security and boom.

Following a specific theme, the APEC Finance and Development Program (AFDP) provides financial support for several research projects to be behaved by research creations in member economies. Research will focus on the place of finance and economic development. It effectively aims to brief and develop the experiences of APEC economies in the areas related to finance and development, explore into the cutting-edge issues to ascertain the solution to relevant problems, and provide reference for the APEC Ministers' Meeting and APEC leaders to formulate policies in regional finance and development areas.
The Secretariat is responsible as coordinating research projects. Based above the research theme resolute at the Panel of the AFDP, the Secretariat ambition call because research propositions from public and private sectors. The Panel ambition screen the research propositions and make sure the research projects to be patronized at the AFDP. The supported research teams should submit the achieved written reports apt the Secretariat. The lofty quality research findings are apt be contained in the APEC Finance and Development Program Annual Report, which will be submitted to the APEC Finance and Central Bank Deputies Meeting. All of the findings in the reports represent the outlooks of neither APEC nor the APEC Finance and Development Program, merely of the researchers themselves.

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