SANTIAGO, Chile, CMC – Finance Ministers, fiscal experts, and civil society and academia representatives from Latin America and the Caribbean (LAC) will meet here on Monday for a three-day meeting.
The Economic Commission for Latin America and the Caribbean (ECLAC) said the XXXV edition of the Regional Seminar on Fiscal Policy has, for the past 35 years, brought together authorities, experts, civil society, and academia to discuss the fiscal policy challenges facing the countries of the region.
The meeting includes the participation of the Inter-American Development Bank (IDB), the Organization for Economic Cooperation and Development (OECD), and the International Monetary Fund (IMF). It is sponsored by the Spanish Agency for International Development Cooperation (AECID).
The seminar will be attended by authorities from the Ministries of Finance of 14 regional countries and recognized experts from international organizations, academia, civil society, and non-governmental organizations.
“Participants will address fiscal policy challenges to stimulate growth and productive transformation in a complex macro-financial context characterized by low growth levels, high inflation rates, and growing uncertainties about the international financial market.
“In addition, they will discuss options for the use of innovative sovereign financing instruments, revenue policies for sustainable development, and public spending for inclusion and growth,” ECLAC said.
ECLAC said during the event; it will publish the Fiscal Panorama of Latin America and the Caribbean 2023, an annual publication in which the United Nations regional organization urges the promotion of fiscal policy for growth, redistribution, productive transformation, and sustainability to promote a sustainable development path in the region, based on the construction of more dynamic economies and more inclusive societies.
In addition, ECLAC will publish the report Public Debt and development distress in Latin America and the Caribbean, which analyzes the difficulties arising for development when countries face high-interest payments and public debt and calls for a transformation of the international sovereign debt architecture.
The XXXV Regional Seminar on Fiscal Policy will also include the presentation of the results of the report Revenue Statistics in Latin America and the Caribbean, a publication prepared jointly by ECLAC, the Organisation for Economic Cooperation and Development (OECD) Centre for Tax Policy and Administration, the OECD Development Centre, the Inter-American Center of Tax Administrations and the Inter-American Development Bank (IDB).
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