Asia-Pacific Economic Cooperation

Published purpose

This initiative seeks to reduce poverty in developing Asia-Pacific Economic Cooperation (APEC) economies by encouraging micro, small and medium sized enterprises (MSMEs) to expand into global and regional markets. The project consists of two main components, one of which is a sub-fund managed by the APEC Secretariat that supports small-scale projects helping MSMEs in developing APEC economies to innovate, grow, and gain better access to global and regional markets. The second component of the project, implemented by the Asia Pacific Foundation of Canada, provides complementary training, research and mentoring elements to benefit MSMEs in developing APEC economies. The two components have a combined value of $4.74 million.