Officials and stakeholders gathering in the Philippines for the Asia-Pacific Economic Cooperation (APEC) forum will meet in at Taal Vista Lodge in Tagaytay City on March 3 and 4 to discuss financial inclusion.
The APEC delegates will meet during the Asia-Pacific Forum on Financial Inclusion, to be hosted by the Department of Finance.
The event is being organized by the APEC Business Advisory Council, and the Foundation for Development Cooperation, in partnership with Citi Foundation and in collaboration with GE Capital, the International Finance Corp. (IFC), the Consultative Group to Assist the Poor (CGAP), the Japan International Cooperation Agency (JICA), and the Policy and Economic Research Council (PERC).
The APEC Advisory Group for Financial Systems Capacity Building has been convening the Asia-Pacific Forum on Financial Inclusion since 2010 to provide policymakers and regulators with priority recommendations in relation to financial inclusion.
This year’s forum will seek to bring to the next level work that has been done on a number of issues in previous years’ forums and discussions under the APEC Finance Ministers’ Process (FMP).
The first day will begin with a review of what has been learned and proposed from past discussions in the Forum and the FMP.
Participants will also complete the review by discussing the situation in three emerging APEC economies such as Mexico, Vietnam and Papua New Guinea that were not assessed in last year’s forum.
Plenary sessions will conclude with a discussion of digital finance, the opportunities it presents and its implications for the provision of financial services and regulations.
The afternoon sessions on March 3 and the morning session on March 4 will focus on advancing discussions in two important priority issues such as credit information system and legal and institutional framework for secured transactions.
The forum will conclude with reports on the outcomes of the various sessions and agreement among participants to progress initiatives and proposals to the APEC Finance Ministers.
The APEC meetings in Tagaytay City and in other parts of the country are a run-up to the APEC Leaders’ Meeting in November, to be attended by leaders of the grouping’s 21 member economies. PND (as) |