PERU 5-6 November 2008 APEC finance ministers meet with changed agenda

The outcome of this 15th meeting of finance ministers of the Asia-Pacific Economic Cooperation forum in Truijillo will be a key part of the agenda for leaders of the Pacific Rim nations when they meet in November. Any time left over from debate about the global financial crisis and its implications on the APEC region will be devoted to the original theme: "Result Based Budgeting" and "Capital Market Reforms."

The budgeting and market reforms are aimed at enhancing the social dimension of free trade and economic growth. According to APEC, the finance ministers will seek to develop new measures to bring about improvements in the management of public funds through more responsible budgeting. By reducing wastage and increasing efficiencies in governmental budgeting, the finance ministers hope to see greater social benefit for limited government resources.

APEC groups Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, China, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, The Philippines, The Russian Federation, Singapore, Chinese Taipei, Thailand, United States of America and Viet Nam. UPDATED Oct/08

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