(VOVWORLD) - The Asia-Pacific Economic Cooperation (APEC) finance ministers agreed on Friday to step up efforts to expand COVID-19 vaccine manufacture and supply and work together to ensure a sustainable and inclusive recovery, host nation New Zealand said in a statement.
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At the virtual meeting chaired by New Zealand Deputy Prime Minister and Finance Minister Grant Robertson from Wellington, the ministers agreed to use all available tools to address COVID-19 and said they would maintain macroeconomic and financial stability and refrain from competitive exchange rate devaluation.
They also discussed challenges affecting the region and the role of fiscal policies and state budget management.