Yellen: APEC finance ministers’ meeting consolidated progress on priorities

The Asia-Pacific Economic Cooperation (APEC) finance ministers’ meeting has allowed us to consolidate progress on key priorities, including macroeconomics and finance, US Treasury Secretary Janet Yellen said.

“The finance ministers’ meeting allowed us to consolidate progress on key priorities, from monitoring macroeconomic and financial developments in the region and around the world to advancing our approaches to regulating digital assets,” she told a press conference following last week’s APEC finance ministers’ meeting in San Francisco.

Yellen said APEC finance ministers also touched on sustainable finance and growth-oriented policies.

“APEC members reaffirmed a shared interest in implementing policies that expand the productive capacity of our economies,” she added.

Commenting separately on the development of digital assets and technologies, Yellen pointed out that as they can carry risks, APEC finance ministers recognized the necessity of their quality regulation to manage such risks.

The Asia-Pacific Economic Cooperation is a trade and economic forum that includes 21 economies in the Asia-Pacific region. This year’s summit takes place from 11 to 17 November in San Francisco, California.

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