APEC finance ministers agree to boost policy coordination, China's Lan says
SPY•APEC finance ministers agreed to strengthen macroeconomic policy communication and coordination to address external risks, China's Finance Minister Lan Foan said. They also agreed to promote financial cooperation, including digital infrastructure financing and inclusive finance.
1. Policy coordination
Finance ministers from APEC member economies agreed to strengthen macroeconomic policy communication and coordination to address external risks and challenges, Chinese Finance Minister Lan Foan said after their meeting in Hong Kong.
2. Digital infrastructure
Ministers agreed to promote practical financial-sector cooperation focused on people's livelihoods, digital infrastructure financing and locally adapted measures for inclusive finance. A separate policy statement encouraged reliable, accessible and secure digital infrastructure, digital skills and cross-border connectivity, and called for deeper collaboration among public and private sectors and multilateral development banks.
