2023 Deliverables, Initiatives, and Reports to Finance Ministers

1. We welcome the reports to APEC Ministers on Modern Supply Side Economics and Voluntary Carbon Markets, and the Note to Ministers on the U.S. Champion Economy Initiative on Financing a Just Energy Transition.

2. We acknowledge and appreciate the efforts and progress made by APEC economies and the Working Group on Regional Disaster Risk Financing and Insurance (DRFI-WG), co-chaired by Japan and the Philippines, particularly on the 2023 Workplan. We emphasize the importance of disaster risk financing and insurance to mitigate and respond to present and future disasters or shocks. We thank ABAC, the ADB, OECD, and WBG for their leadership on this FMP workstream.

3. We welcome the progress of public-private collaboration in the Asia-Pacific Financial Forum, the Asia-Pacific Financial Inclusion Forum, and the Asia-Pacific Infrastructure Partnership.

4. With the aim of starting the review of the Cebu Action Plan and the discussion on the eventual new roadmap for the Finance Ministers’ Process during APEC 2024, we commission Peru, next year’s host, to initiate consultations with the Policy Support Unit (PSU) in undertaking these tasks.