APEC finance to boost infra, capital markets

ASIAN financial leaders are strengthening links with finance ministers in the region to promote funding for their infrastructure and capital market development, a move in line with a Philippine-led economic initiative supported by the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC).

Hiroyuki Suzuki, chair of ABAC’s Finance and Economics Working Group, said in Makati City over the weekend the team has been working closely with the region’s finance officials and providing input into the Cebu Action Plan (CAP)—a Philippine reform initiative that aims to make economies in Asia Pacific more transparent, resilient, and integrated.