Fiscal affairs
ECLAC participates in projects and conferences and cooperates in the drafting of documents in the field of fiscal policy with a view to fostering social cohesion and long-term economic development in the countries of the region. Some recent topics of study are countercyclical policies, good governance, the effects of fiscal policy on equity, direct taxation and decentralization.
Activities
XXXVII Regional Seminar on Fiscal Policy
The XXXVII Regional Seminar on Fiscal Policy is organized by the Executive Secretary of theEconomic Commission for Latin America and the Caribbean (ECLAC) through the EconomicDevelopment Division. It is sponsored by the Spanish Agency for International DevelopmentCooperation (AECID) and supported by the IDB Group, the Organization for Economic Cooperationand Development (OECD), the World Bank, and the International Monetary Fund (IMF).
PTLAC and South Centre
PTLAC-South Centre Webinar on Illicit Financial Flows and its relevance in the context of the UN Framework Convention on International Tax Cooperation
XXXV Regional Seminar on Fiscal Policy
The XXXV Regional Seminar on Fiscal Policy is organized by the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), through the Economic Development Division. It is sponsored by the Spanish Agency for International Development Cooperation (AECID) and supported by the Inter-American Development Bank (IDB), the International Monetary Fund (IMF), and the Organization for Economic Cooperation and Development (OECD).
Regional technical workshop on tax expenditures
This workshop was organized by ECLAC at its Subregional Headquarters in Mexico, with the support of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and the Federal Ministry for Economic Cooperation and Development (BMZ) of Germany. The objective of the meeting was to engage in a technical exchange between authorities and international organizations on tax expenditures and provide tools to strengthen their design, measurement, and accountability. As part of the workshop activities, an ECLAC report was presented on the measurement of tax expenditures in Latin America. At the opening of the event, Ms. Marita Brömmelmeier, Resident Director of GIZ Mexico, highlighted that the decades-long alliance that unites the German Cooperation and ECLAC, in this case through its project on Recover Better: Overcoming the consequences of the COVID-19 pandemic in Latin America and the Caribbean, " highlights the role of public policy to build consensus, focus efforts and resources for the sake of a more inclusive and friendly development for our climate and environment." Aware of the need to mobilize resources to finance sustainable and inclusive development in the region, this project aims, as Ms. Brömmelmeier said, to build "better understanding and analysis of tax spending to redesign and eliminate ineffective tax incentives for investment or identify tax expenditures that are inequitable or that promote economic activities that may be harmful to our environment and climate”.
News
ECLAC Updates Growth Projections for Latin America and the Caribbean: An Expansion of 2.4% is Expected in 2025 and 2.3% in 2026
The region continues to be mired in a trap of low capacity for growth, with average rates of around 2%, with scant investment, low productivity, sluggish labor markets and high inequality levels.
United States economic outlook: evolving trends in the ownership of United States federal debt
This special issue of the United States economic outlook examines the trends in the ownership composition of United States federal debt holders
Faced with Financing for Development Challenges, Latin American and Caribbean Countries Need to Strengthen their Capacities to Mobilize Resources and Forge Renewed Cooperation Mechanisms
ECLAC’s delegation, led by Executive Secretary José Manuel Salazar-Xirinachs, actively participated in numerous events at the Fourth International Conference on Financing for Development, which took place this week in Seville, Spain.
Fiscal Policy is a Key Tool for Driving the Structural Transformations Needed in Latin America and the Caribbean
At the XXXVII Regional Seminar on Fiscal Policy, authorities from 13 countries and international experts addressed the importance of mobilizing financing to expand fiscal space in the region’s countries.