Lima - The annual Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum was formally opened Saturday in Lima.

Peruvian President Alan Garcia made brief remarks to praise the "vision" of APEC's founders to anticipate the "economic fate" of the world.

Then he asked reporters to leave the room as the leaders of the organization's 21 economies, sitting at a round table, went about discussing behind closed doors the current economic and financial crisis, among other issues.

The meeting took place in the so-called "Pentagonito," the small Pentagon, as the Peruvian Army Headquarters in the San Borja district of Lima are known locally.

Garcia had personally welcomed his guests before the imposing concrete structure, in a setting that was presided over by a large Peruvian flag. (dpa)