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Gov’t rallies support for Cebu Action Plan

NATIONAL Treasurer Roberto Tan has rallied delegates at the Asia-Pacific Economic Cooperation (APEC) Finance and Central Bank Deputies’ Meeting to support the Cebu Action Plan (CAP), saying, it would benefit a lot of people.

“We highly encourage you to work with us on our CAP initiatives so that we could bring about their intended benefits. We look forward to your support to the CAP, as we, together as one APEC community, concertedly work towards our ultimate goal of sustained and shared prosperity,” Tan told the delegates.

Tan said they have developed the CAP, mindful of the imperatives for the Asia-Pacific, as well as the progress that the APEC has achieved through the years.

Tan said the aim of the CAP is to achieve free and open trade and investment set by the Bogor Goals, the importance of sustainable and balanced growth and sound fiscal management highlighted in the Kyoto Report on Growth Strategy and Finance, and the priorities on financial inclusion and literacy put forward by the United States and Russia.

The CAP will also look at the agenda on infrastructure development and financing brought up by Indonesia in 2013 and carried over by China in 2014.

The consultations with APEC Senior Finance Officials last January in Clark Economic Zone, Pampanga and the inputs from APEC member economies and observers form part of the CAP as it becomes a roadmap towards a more financially integrated, transparent and resilient APEC community, Tan said. (PNA)

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