Mack participated in the first Asia Pacific Infrastructure Partnership (APIP) Dialogue with Chinese Taipei, hosted by Ministry of Finance.
Possible ways to enhance infrastructure financing, including long-term oriented regulatory and accounting regimes, as well as effective risk mitigation tools were identified. Mack urged various government agencies to work together in collaboration to build a holistic framework for the financial system, modeled after a holistic spa treatment bringing yin and yang to keep our body balanced and healthy.
Julius Caesar Parreñas’s remark: It was an honor to co-organize yesterday the first Asia-Pacific Infrastructure Partnership (APIP) dialogue with Chinese Taipei, together with the Ministry of Finance and CECI Engineering Consultants. Special thanks to Minister Jain-Rong Su and Deputy Minister Cui-Yun Zhuang for being with us. The APIP is an initiative of APEC Finance Ministers led by the APEC Business Advisory Council (ABAC). The host delegation included key officials in charge of infrastructure development and financial regulation. The APIP delegation consisted of senior infrastructure finance, regulatory affairs and legal experts who shared their insights from experiences in advising, managing and promoting major projects around the world. APIP identified ways with officials to bring Chinese Taipei’s robust infrastructure market to the next stage by developing the secondary market to expand investments from insurers, pension funds and international investors, broadening the array of risk mitigation instruments and introducing reforms to enhance efficiency in financing the economy’s ambitious 21st century infrastructure agenda. APIP looks forward to further assisting Chinese Taipei in advancing these reforms.