A seminar on Long-term Investment in Infrastructure took place in northern Ninh Binh province on May 17. (Photo: VNA)Ninh Binh (VNA) - A seminar on Long-term Investment in Infrastructure took placein northern Ninh Binh province on May 17 on the sidelines of the Asia-PacificEconomic Cooperation (APEC) Senior Finance Officials’ Meeting (SFOM) andRelated Meetings.
The event wasco-held by the Ministry of Finance, the World Bank (WB), the Organisation forEconomic Cooperation and Development (OECD), and the Asian Development Bank(ADB).
The seminargave attendees an overview of long-term investment in infrastructure in the APECeconomies; APEC’s infrastructure needs, financial capacity and roles of the privatesectors; and proposals for infrastructure investment and outlined long-termchanges in infrastructure investment of APEC member economies.
The participantsexchanged views on the Public-Private Partnership (PPP) as a feasible solutionfor infrastructure development projects in APEC and shared experience inattracting long-term funding for PPP development projects. They also discusseddiversifying financing approaches for infrastructure and risk managementinstruments.
The APECFinance and Central Bank Deputies’ Meeting (FCBDM) in February approved anaction plan to promote long-term investment in infrastructure this year.
Accordingly,besides the seminar in Ninh Binh, APEC will coordinate with its internationalpartners, such as OECD, WB, and ADB to share best practices in risk managementin PPP projects and update on risk management instruments in certain fields. Itwill launch training courses for effective use of Source – an online resourcetool for managing PPP planning and procurement by the SustainableInfrastructure Foundation (SIF). - VNA
VNA
