The Budget and Management Committee (BMC) advises the Senior Officials' Meeting (SOM) on budgetary, administrative and managerial issues. Its key responsibility is to prepare the budget for APEC and approve and recommend APEC funding for projects.
The BMC also monitors and evaluates APEC's project management systems. It takes decisions and makes recommendations to Senior Officials to improve project efficiency and effectiveness. It also works closely with APEC's other Committees to ensure projects remain relevant to APEC's core goals and objectives.
To find out more about APEC projects, please click here.
As reflected in its annual work plan, in 2013 the BMC will aim to:
- Strengthen the Committee’s oversight of the APEC Secretariat’s Administrative Account (AA) budget, uncommitted reserve of the AA and financial processes in the Secretariat’s operation and project management. Amongst others, the BMC will consider the proposed AA budget for 2014 as well as that for 2015 and 2016 as part of the rolling three-year budget. The BMC will also examine proposed options to streamline financial processes during project implementation; and
- Consolidate on the work undertaken on project management reforms. This includes supporting more strategic longer term projects through continuing with the pilot phase of APEC multi-year projects and the review of the pilot phase in mid 2013; and improving quality outcomes of APEC projects through establishing appropriate frameworks for project monitoring and evaluation as well as targeted training for members.
The BMC will continue to run three project approval sessions in 2013. Please click here for Project Approval Timelines for Session 1, 2 and 3 in 2013.
Please contact the Program Director of the relevant APEC group for more detailed information.
In 2012, the BMC approved 103 (standard) projects at a total value of US$11.5 million. These include activities which aim to promote trade facilitation; increase access to finance; strengthen small, medium and micro enterprises; improve knowledge and information sharing in areas such as climate change, agricultural productivity and energy efficiency; improve human resource development; support structural reform and regulatory frameworks; and promote capacity building. The first approval session for 2013 will commence in February 2013.
The focus in 2013 will be to consolidate BMC-led project management reforms undertaken by the Secretariat. One main area of focus will be the work undertaken to promote monitoring and evaluations of APEC projects. The first phase of the consultancy to develop an appropriate monitoring and evaluation framework for APEC projects is underway and the pilot evaluation is due to be completed by the second BMC meeting scheduled for June/July 2013. This work is progressed through the Small Working Group on Evaluations (SWGE) which was established under BMC in mid-2012 and includes nine BMC members. The SWGE will also guide the Secretariat’s work in improving the selection of APEC projects through a review of the existing ranking and prioritisation system.
The pilot phase of multi-year projects is now complete and an independent review of the pilot is scheduled for mid-2013. Twelve multi-year projects have been selected under the pilot for APEC funding to date.
The information management capacities of the Secretariat’s Project Management Unit (PMU) will be strengthened through the newly upgraded project database. The database will be fully operational in March 2013.
Alexandra LITVINOVA (Ms)
Deputy Division Head
Division for Multilateral Financial Cooperation
Department for International Financial Affairs
Ministry of Finance
The Russian Federation
Kamapradipta ISNOMO (Mr)
Vice Chair 2013
Ministry of Foreign Affairs
Wing Man SHEA (Ms)
Director of Finance
Nadira MAILEWA (Ms)