Finance ministers from Asia-Pacific countries started meeting in Nusa Dua Bali of Indonesia.Eleven APEC member countries sent their finance ministers and the rest ten member countries sent senior financial officials, according to the committee.The United States also took part in the regional meeting by sending a senior official, the committee said.

 

The two-day meeting was scheduled to end on Friday afternoon, the committee said. Prior to the finance minister meeting, a senior official meeting has been conducted from Monday to Wednesday. Leaders of APEC member states are set to be meeting here from Oct. 1 to 8 this year.

 

The global economic slowdown and the U.S. tapering quantitative easing have risked on the economy of emerging market, causing exports slowdown, capital outflows, weakening currency and stock markets, as well as accelerating inflation.

 

During the meeting, the finance ministers would discuss the impact of recent instability in regional financial market and revaluation of some emerging market currencies, according to a release from the committee. They could also share experience in tackling the external shock, such as government actions and policy initiatives, the release said.  

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