Moscow, August 30, 2012

Archived - Minister Menzies Promotes Sustainable Global Growth and Financial Literacy at APEC Finance Ministers’ Meeting

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The Honourable Ted Menzies, Minister of State (Finance), was in Moscow today attending the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting, where he promoted sustainable growth and financial literacy with Canada’s APEC partners.

“In the coming years, we all have a role to play in adopting policy measures that will help promote stronger, more balanced and sustainable global growth,” said Minister Menzies.

APEC finance ministers discussed issues related to the global economy, including economic reforms countries are implementing within the context of plans agreed to in the G-20.

Minister Menzies also led the discussion at a panel on the role that governments can play to promote financial literacy in order to strengthen the global economy.

Increased financial literacy ensures that individuals have the tools and knowledge to make responsible financial decisions that contribute to their personal well-being and to the strength and stability of the financial system as a whole.

“A robust consumer protection framework relies on competition, disclosure and the ability to make informed choices,” said Minister Menzies. “Financial literacy empowers individuals to act knowledgeably and with confidence in managing their personal financial affairs.”

For further information, media may contact:

Mary Ann Dewey-Plante
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

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