MACTAN ISLAND, Cebu: Finance ministers of the Asia-Pacific Economic Cooperation (APEC) on Friday launched the Philippine-initiated Cebu Action Plan (CAP), a roadmap for a more sustainable financial future for the region, which will be submitted for the approval of the APEC leaders at their summit later this year.

Philippine Finance Secretary Cesar Purisima said the action plan is the work of a region facing forward in steadfast cooperation amid complex challenges and opportunities.

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