The APEC Finance Ministers' Process (FMP) is a forum for APEC member economies to address regional macroeconomic and financial issues as well as domestic and regional financial policy priorities. It was established in 1993 by APEC leaders to jointly approach economic challenges facing the Asia-Pacific region.
Finance ministers have been meeting annually since 1994. Prior to each Finance Ministers’ Meeting (FMM), finance and central bank deputies and senior finance officials gather to consult on the priorities for the year and finalize the deliverables for ministers to endorse.
The Incheon Plan was launched by APEC Finance Ministers in October 2025. It sets the Finance Ministers’ Process strategic direction for regional cooperation for 2026–2030.
The Incheon Plan is structured around four pillars:
- Innovation
- Finance
- Fiscal Policy
- Access and Opportunity for All
The Plan aims to build a more connected, resilient, and prosperous APEC community. It emphasizes promoting innovation to boost productivity, strengthening financial resilience and efficiency, encouraging transparent and sustainable fiscal frameworks, and expanding access to finance and economic opportunities for all. The Incheon Plan supports the Putrajaya Vision 2040 and the Aotearoa Plan of Action, reinforcing APEC’s commitment to inclusive, sustainable growth. The Plan supports voluntary, flexible implementation tailored to each member economy’s circumstances, and serves as an umbrella framework for future policy priorities, knowledge sharing, and capacity building across the region.
The Incheon Plan succeeds the Cebu Action Plan which was adopted in 2015 and refreshed when finance ministers adopted a New Strategy for the Implementation of the Cebu Action Plan in 2021.
The FMP works closely with the APEC Business Advisory Council (ABAC) and the following key external partners:
- Asian Development Bank
- Inter-American Development Bank
- International Monetary Fund
- Organization for Economic Co-operation and Development
- World Bank Group
Contacts
FCBDM Chair
Deputy Minister
Ministry of Economy and Finance of Korea
SFOM Chair
Ministry of Economy and Finance of Korea
Program Director
Current Activities
The FMP priorities in 2025 were:
- Innovation
- Digital Finance
- Fiscal Sustainability
Key Dates of APEC FMP Meetings in 2025
| Dates and Locations | Event |
|---|---|
6-7 March Gyeongju, Korea | Finance and Central Bank Deputies’ Meeting (FCBDM) |
8-9 May Jeju, Korea | Senior Finance Officials’ Meeting (SFOM) |
21-22 October Incheon, Korea | Finance Ministers’ Meeting (FMM) |