Asia-Pacific finance ministers will vow to maintain fiscal stimulus measures to bolster the global economic recovery as they wrap up their meeting Thursday in Singapore.

"We agreed that actual withdrawal of fiscal stimulus should await evidence of a sustainable, private sector-led recovery," according to a draft of a joint statement to be issued after the finance ministerial session of the 21-member Asia-Pacific Economic Cooperation forum.

"We agreed that the implementation of exit strategies should take into account different stages in the economic recovery of member economies and the type of policy measures to be phased out," says the undated draft statement, a copy of which was obtained by Kyodo News.

The ministers will also agree on the need to reduce and stabilize public sector debt burdens "at a low and prudent level," the draft says, indirectly urging economies such as Japan and the United States to maintain fiscal discipline.

"In many economies, this will require, beyond the mere phasing out of stimulus measures, a comprehensive strategy of sustained budget consolidation, growth-enhancing reforms, and measures to address long- term demographic challenges," it says.

Parliamentary Secretary for Finance Shinichiro Furumoto is representing Japan at the meeting on behalf of Finance Minister Hirohisa Fujii.

Accounting for more than a half of the world's gross domestic product, APEC groups Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Taiwan, Thailand, the United States and Vietnam.