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: March 2022
- The BMC had its first meeting on 21 February 2022, hosted by Thailand virtually. The BMC continues to oversee the implementation of the Secretariat’s Process Modernisation Initiative and its Human Resources Review, as well as the project management and funding.
- The BMC had its second meeting on 27 August 2021, hosted by New Zealand virtually. The BMC continues to oversee the implementation of the Secretariat’s Process Modernisation Initiative and its Human Resources Review. The BMC also endorsed the 2022 Secretariat Account budget and received the 2020 audited financial statements of the Secretariat. On project management, the BMC has endorsed the revised recommendations to improve project quality, based on the outcomes of the 2019 Longer-Term Evaluation of APEC Projects, as well as the revised Edition 16 of the Guidebook on APEC Projects intersessionally.