On December 6-8, 2017, the first session of the Committee on Macroeconomic Policy, Poverty Reduction and Financing for Development was held in Bangkok at the headquarters of ESCAP. Representatives of specialized agencies and Central Banks of the countries of the Asia-Pacific region, experts from several organizations of the UN system and global financial institutions, as well as academic circles took part in the event.

The discussions held in the course of the meeting forged common vision of ESCAP member States to fostering cooperation aimed at transformation of the APR economies along the lines of sustainable growth model and eradication of poverty still seizing the vast masses of the population in this densely populated region of the world.

The participants of the meeting identified the key factors that could, in their view, reverse the current negative phenomena in the macroeconomic situation in the ESCAP region: improvements and increase of transparency in national fiscal systems, strengthening of public-private partnerships, increase in the share of investments in the development of infrastructure facilities as well as advanced development of small and medium scale entrepreneurships.