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APEC economies agree to share knowledge on public-private partnership program

Xinhua, March 4, 2015 Adjust font size:

Economies of the Asia-Pacific Economic Cooperation (APEC) pledged on Wednesday to constantly share their respective knowledge in the public-private partnership (PPP) program, which is seen helpful in boosting job-generating investments.

"We are delighted to see APEC economies come together to exchange knowledge in PPP," said Cosette Canilao, executive director of the Philippines' PPP Center, at the 4th APEC PPP Experts Advisory Council Meeting held at Tagaytay City in northern Philippine province of Cavite.

Canilao said that one proposal is for APEC member economies to have a PPP Knowledge Portal that is accessible to all of them.

PPP is an initiative whereby the private sector is tapped to invest in public projects or programs in order to help fill in the investment gap. This is especially important in addressing the limitations of government resources for achieving development goals of economies.

The 4th APEC PPP Experts Advisory Panel Meeting is just one of the year-round APEC meetings for 2015. The meetings cover a wide range of issues related to development for the Asia-Pacific region. Endi