APEC finance ministers, meeting in Port Moresby, say infrastructure is crucial to lifting productivity, enhancing connectivity and competitiveness, creating jobs and strengthening inclusive growth.
According to the joint statement from the meeting, the Asia-Pacific region faces a significant infrastructure financing deficit.
Cranes dot the skyline in Papua New Guinea's bustling capital Port Moresby. Photo: RNZ Pacific/ Koroi Hawkins
Prime Minister Peter O'Neill told the ministers that what happens in PNG has 'a huge impact on our neighbours in this part of the world.'
He says the policy support we get from APEC helps build our economy and the confidence of the investment community in us.
The Post Courier says the joint statement supports the APEC 2018 theme, Harnessing Inclusive Opportunities, Embracing the Digital Future.
It discussed the economic and financial outlook the economies face as well as shared views on appropriate policy actions.
Road construction continues apace in PNG's capital ahead of November's APEC summit. Photo: RNZ Pacific / Johnny Blades