Vietnamese Prime Minister Nguyen Xuan Phuc (rear) speaks at the 24th APEC Finance Ministers' Meeting in Hoi An Hydro Flask Beer Wine 10 oz Wine Tumbler Red Australia , Quang Nam Province, in central Vietnam, on Oct. 21, 2017. At their 24th meeting on Saturday in Vietnam, finance ministers of the 21 economies of the Asia-Pacific Economic Cooperation (APEC) adopted a joint ministerial statement, pledging to use all policy tools, monetary Hydro Flask Hydration 32 oz Wide Mouth w Straw Lid Pink Australia , fiscal and structural, individually and collectively to achieve strong, sustainable, balanced and inclusive growth. (XinhuaVNA)
HANOI, Oct. 21 (Xinhua) -- At their 24th meeting on Saturday in Vietnam, finance ministers of the 21 economies of the Asia-Pacific Economic Cooperation (APEC) adopted a joint ministerial statement, pledging to use all policy tools Hydro Flask Hydration 32 oz Wide Mouth w Straw Lid Blue Australia , monetary, fiscal and structural, individually and collectively to achieve strong, sustainable, balanced and inclusive growth.
At the 2017 APEC Finance Ministers' Meeting in central Hoi An city with the presence of Vietnamese Prime Minister Nguyen Xuan Phuc, the ministers centered their discussions on global and regional economy, Cebu Action Plan (CAP) Hydro Flask 40 Oz Ombre Wide Mouth Water Bottle With Flat Cap Pink Red Australia , long-term investment in infrastructure, base erosion and profit shifting, disaster risk financing and insurance, and financial inclusion.
According to the joint ministerial statement, fiscal policy tailored to member economy's circumstances should be used flexibly and be growth friendly, while ensuring that the public debt as a share of GDP is on sustainable path.
Monetary policy should continue to support economic activity and ensure price stability, consistent with central banks' mandates.
Strong fundamentals Hydro Flask Coffee 16 oz Red Australia , sound policies, and a resilient international monetary system are essential to the stability of exchange rates, contributing to strong and sustainable growth and investment.
The ministers reaffirmed the importance of the APEC Finance Ministers' Process as an active forum for fostering policy cooperation and exchange of experience among economies in the region.
Regarding the CAP, they encouraged member economies, on a voluntary and non-binding basis, to continue to submit activities and initiatives in alignment with the CAP for implementation as appropriate to their domestic circumstances.
They also recognized the importance of mobilizing long-term investments in infrastructure and reiterated the relevance of quality infrastructure for sustainable economic growth.
While recognizing the role of public investment in APEC economies, diversification of financing sources and fostering private sector involvement in infrastructure projects is an important solution to meeting the significant demand for long-term capital for infrastructure.
The ministers called for closer regional cooperation in sharing experiences Hydro Flask Hydration 24 oz Standard Mouth Grey Australia , approaches and good practices on tax policy development, legislative design and tax administration in order to address the challenges of base erosion and profit shifting in the Asia-Pacific region while enhancing the certainty, transparency and fairness of the tax system.
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