Since Chinese Vice Premier Zhang Gaoli announced at the opening ceremony of the 21st APEC Finance Ministers’ Meeting on 22nd October that China would upgrade Asia-Pacific Finance and Development Center(AFDC) to Asia-Pacific Finance and Development Institute(AFDI), the 22nd APEC Economic Leaders’ Declaration - Beijing Agenda for an Integrated, Innovative and Interconnected Asia-Pacific which was issued on 11th November explicitly pointed out that “We welcome the initiative to upgrade the Asia-Pacific Finance and Development Center (AFDC) to the Asia-Pacific Finance and Development Institute (AFDI)”. Built on the foundation of AFDC , Asia-Pacific Finance and Development Institute not only continues carrying out training, research, seminars and forums as did AFDC, but also would offer Master’s Program for Developing Economies aimed at young-and-middle-aged finance officials across Asia-Pacific region, so as to enrich the region’s capacity building in finance and development.

Website of the 22nd APEC Economic Leaders’ Declaration:

http://www.apec.org/Meeting-Papers/Leaders-Declarations/2014/2014_aelm.aspx