• Asia-Pacific Senior Finance Officials will meet from 02 November at El Golf Grand Hotel so as to prepare Vice Ministers Meetings, as well as the 15th APEC Finance Ministers’ Meeting

• Authorities of the main international organizations will also attend in order to discuss the world finance crisis

The eyes of the world will focus on Trujillo, venue of APEC Finance Meetings from 02 – 06 November, including three events that end with the 15th Asia-Pacific Finance Ministers’ Meeting.

APEC Economy or Finance Ministers and Vice Ministers, together with Senior Officials from international finance organizations, such as the Asia Development Bank, the Andean Promotion Corporation, the World Bank and the International Monetary Fund, all of them being institutions that will have positive contributions with the debate and the search for solutions, will attend this important meeting, dealing with the analysis of finance market turbulence, as well as food and raw material prices. The meetings will be held at el Golf Grand Hotel in Trujillo.
 
Among the topics dealt by specialists, the Capital Market Reform and the Improvement of Quality of Public Expense, including modes of result-based Budgeting– a project presented by Peru – as well as Fiscal Risk Management, stand out.

During the 14th Finance Ministers’ Meeting, held in 2007, Ministers of the 21 Member Economies recognized two key mid-term challenges for the Asia-Pacific Region. The first one is to assure that investment is well-oriented so as to maintain fair sustainable economic growth. They, therefore, stressed the need of counting on proper macroeconomic policies and continuing with the structural reform within the 21 Member Economies, in order to improve investment in the Region. 

The second challenge is to make sure that energy markets function efficiently and transparently so that they can be able to assure both energy in the long term, and the objectives of sustainable economic growth, facing climate change.

It is important to highlight that Member Economies with the highest Peruvian exports growing rates – between January and June 2008 – were the United States (24%), China (25%), Canada (22%), Japan (23%) and Chile (34%). Other Member Economies that registered higher growth in terms of the amount of exports sent by Peru were Malaysia, Indonesia, Viet Nam, Thailand and Chinese Taipei.