2021 APEC FMM PECC StatementDr Richard Cantor, International Co-Chair represented PECC at the APEC Finance Ministers Meeting held on 22 October 2021. At their meeting Finance Ministers from the Asia-Pacific shared views on responding to COVID-19 for a sustainable and inclusive recovery and the use of fiscal policy and budget management to address ongoing challenges.

Dr Cantor, also the chair of the USPECC committee and the Chief Credit Officer for Moody’s Corporation and Moody’s Investors Service shared highlights from PECC’s forthcoming State of the Region report with the region’s Finance Ministers. With economic growth returning to the region, our respondents are fairly optimistic. However, expectations for growth diverged significantly between economies, with respondents most optimistic about the growth prospects for economies with relatively high vaccination rates.

He underscored that achieving regional and global goals to reduce carbon requires major structural changes of the economy and major coordination across all parts of the APEC process – including the Finance Ministers’ Process. We are hopeful that APEC can provide a platform for dialogue to promote understanding on the comparability and compatibility of the actions economies are taking individually.


You can also log in with your social media account by clicking the icons below


Pacific Currents

Global value chains: From fruitful discussions to meaningful actions
Juan Navarro, Associate Faculty, Royal Roads University

Climate change in SOTR
Christopher Findlay, Tilak Doshi and Eduardo Pedrosa

Digital Technologies, Services and the Fourth Industrial Revolutions
Submitted by Jane Drake-Brockman, Christopher Findlay, Yose Rizal Damuri and Sherry Stephenson 

COVID-19 has Exposed Major Gaps in our Social Safety Nets: In a Post-COVID World Will these Gaps be Closed?
Hugh Stephens
Vice Chair, CANCPEC; Distinguished Fellow, Asia Pacific Foundation of Canada; Executive Fellow, School of Public Policy at the University of Calgary

 Multilateral Cooperation is a Safeguard against Pandemics
Rebecca Fatima Sta Maria
Executive Director, APEC Secretariat

International cooperation during COVID-19
Sungbae An
Senior Research Fellow, Department of International Macroeconomics and Finance, Korea Institute for International Economic Policy (KIEP)

Drastic measures to stop spread of COVID-19 are necessary
Charles E. Morrison
Adjunct Fellow and Former President of the East-West Center; Former Co-Chair, PECC

ASEAN-China cooperation in time of COVID-19 pandemic
Jusuf Wanandi
Vice Chair, Board of Trustees, CSIS Foundation; Former Co-Chair of PECC