The Budget and Management Committee (BMC) advises the Senior Officials' Meeting (SOM) on budgetary, administrative and managerial issues. Its key responsibility is to prepare the budget for APEC and approve and recommend APEC funding for projects.
The BMC also monitors and evaluates APEC's project management systems. It takes decisions and makes recommendations to Senior Officials to improve project efficiency and effectiveness. It also works closely with APEC's other Committees to ensure projects remain relevant to APEC's core goals and objectives.
To find out more about APEC projects, please click here.
Last page update: 17 June 2016
BMC is examining ways to strengthen the focus of APEC projects on capacity building for members, in line with the Policy on APEC’s Capacity Building through Economic and Technical Cooperation. BMC is also making APEC’s project processes simpler and easier for members to use.
In 2015, BMC approved funding for 79 projects that were submitted by APEC member economies, at a total value of $9.5 million. These include activities that aim to promote trade facilitation; increase access to finance; strengthen global value chains and supply chains; improve connectivity; foster innovation; strengthen micro, small and medium enterprises; improve knowledge and information sharing in areas such as climate change, agricultural productivity and energy efficiency; improve human resource development; support structural reform and regulatory frameworks; and promote capacity building.
Millicent C. Paredes (Ms)
Office of International Economic Relations
Department of Foreign Affairs
Carmen Azurín (Ms)
Deputy Director for APEC
Ministry of Foreign Affairs
Chelsea Wong (Ms)