Reception Hall, Malacañan Palace
November 12, 2021

President Rodrigo Roa Duterte listened to the presentation on the Global Economic Outlook by Kristalina Georgieva, Managing Director and Chair of the Executive Board of the International Monetary Fund (IMF), during the first session of the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting (AELM) held via virtual convention.

Aside from the priority discussions in the AELM, the High-Level event also highlighted the Leaders and representatives of Economies – that collectively represent half of the global trade and 60% of the GDP – posing for a ‘family photo’ while donning a garment selected by the host nation.

New Zealand hosted the APEC 2021 with the theme, ‘Join, Work, Grow. Together.’ Haumi ē, Hui ē, Tāiki ē’, that focused on implementing economic and trade policies, increasing inclusion and sustainability, and pursuing innovation for COVID-19 recovery.

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