APEC 2017: Long-term infrastructure investment discussed
A seminar on Long-term Investment in Infrastructure took place on May 17 in northern Ninh Binh province on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Senior Finance Officials’ Meeting (SFOM) and Related Meetings.
The seminar gave attendees an overview of long-term investment in infrastructure in the APEC economies; APEC’s infrastructure needs, financial capacity and roles of the private sectors; and proposals for infrastructure investment and outlined long-term changes in infrastructure investment of APEC member economies.
The APEC Finance and Central Bank Deputies’ Meeting (FCBDM) in February approved an action plan to promote long-term investment in infrastructure this year.
Accordingly, besides the seminar in Ninh Binh, APEC will coordinate with its international partners, such as OECD, WB, and ADB to share best practices in risk management in PPP projects and update on risk management instruments in certain fields. It will launch training courses for effective use of Source – an online resource tool for managing PPP planning and procurement by the Sustainable Infrastructure Foundation (SIF).