Navigating Fiscal Challenges: Strengthening Fiscal Rules and Councils in LAC
Macro-Fiscal and Fiscal Councils Network in Latin America and the Caribbean in Santiago, Chile
June 3-4, 2025
Watch the event live here
| Tuesday, June 3, 2025 | |
| 9:15 – 9:30 am | Sign up and welcome |
| 9.30 – 9:45 am | Introductory Remarks María Florencia Attademo-Hirt (Representative in Chile, IDB) Heidi Berner Herrera (Finance Undersecretary of Chile) Vítor Gaspar (Director of the Fiscal Affairs Department, IMF) (5 min. each) |
| 9:50 – 11:00 am | SESSION 1: FISCAL RULES FRAMEWORKS (RECENT DEVELOPMENTS AND REVISIONS) |
| Moderator: Emilio Pineda (Manager for the Institutions for Development Sector (IDB) Presentation: Fiscal Guardrails against High Debt and Looming Spending Pressures by Raphael Lam (Deputy Division Chief (FAD, IMF) (20-25 min.) Discussants: Javiera Martfnez Farina (Head of the Budget Office of the Government of Chile) Bibiana Lanzilotta (Director of Economic Policy of Uruguay) (70 min. each) |
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| Q&As: (20 min.) | |
| 11:00 – 11:20am | Coffee break |
| 11:20 – 12:30pm | SESSION 2: CHALLENGES FOR FISCAL CREDIBILITY |
| Moderator: Era Dabla-Norris (Deputy Director (FAD, IMF)) Presentation: Marta Ruiz-Arranz (Chief of the Fiscal Management Division (IDB) (20 min.) Hermann Conzalez (Vice-President of the Autonomous Fiscal Council of Chile) Discussants: Alonso Arturo Segura Vasi (Presidente of the Fiscal Council of Peru) (10 min.) (10 min.) |
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| Q&As: (20 min.) | |
| 12:30pm – 2:00 pm | Lunch |
| 2:00 - 4:15pm | SESSION 3: FISCAL COUNCILS IN ACTION: GUARDIANS OF SUSTAINABILITY IN A SHIFTING LANDSCAPE |
| 2:00 - 3.00pm | PART 1: Fiscal Councils Trends in the OECD |
| Moderator: Juan Toro (Deputy Director (FAD, IMF) Presentation: Fiscal Councils, trends and current challenges. Paula Garda (Senior Economist and Head of Desk for Peru and Colombia in the Economic Department, OECD) (20 min.) Discussants: Virginia Alonso (Senior Economist (FAD, IMF) Martín Ardanaz (Senior Fiscal Specialist (IDB) (10 min.) |
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| Q&As: (15 min.) | |
| 3:00 – 3:15 pm |
Coffee break |
| 3:15-4:15pm | PART 2: Fiscal Council Challenges in the Region |
| Moderator:
Martín Ardanaz (Senior Fiscal Specialist (IDB) Panel discussion: Astrid Martínez Ortiz (President of the Autonomous Fiscal Rule Committee of Colombia) Courtney Williams (First Fiscal Commissioner of the Independent Fiscal Commission of Jamaica) Eduardo Fernández Arias (Member of the Fiscal Advisory Council of Uruguay) Steffi Schuster (Division Chief of the Government Finance Statistics, IMF) (10 min. each) |
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| 4:15 - 4:30pm | Closing remarks |
| Era Dabla-Norris (Deputy Director (FAD,IMF) Oscar Valencia (Principal Fiscal Specialist (IDB) (7 min. each) |
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| 6:30- 8:30 pm |
Dinner (by invitation only) |
| Wednesday, June 4, 2025 | |
| 9:15 – 9:30 am |
Sign up and Welcome |
| 9:35 – 9:45 am | Introductory Remarks: |
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Rodrigo Valdés (IMF, Director of the Western Hemisphere Department.) Emilio Pineda (IDB, Manager for the Institutions for Development Sector.) (5 min. each) |
| 9:45-11:00 am |
SESSION 4: PANEL DISCUSSION: COUNTRY CASES ON OPERATIONALIZING FISCAL RULES |
| (10 min. Each one.) | Moderator: Oscar Valencia (Principal Fiscal Specialist (IDB) Panel discussion: Julia de Medeiros Braga (Undersecretary for Macroeconomics and Foreign Trade of the Ministry of Finance of Brazil) Mario Arend (Manager of Studies of the Autonomous Fiscal Council of Chile) Felipe González Soley (Economy Manager of the Ministry of Economy and Finance of Paraguay) (10 min. each) |
| Q&As: (15 min.) | |
| 11:00 -11:15 am |
Coffee break |
| 11:15 -12:00 pm |
SESSION 5: PANEL DISCUSSION—DESIGN OF FISCAL RULES IN AN ENVIRONMENT OF HIGH DEBT |
| Moderator: Arturo Galindo (Regional Economic Advisor for the Southern Cone (IDB)) Panel discussion: Rodrigo Valdés (Director of the Western Hemisphere Department, IMF) Camila Hernandez (Deputy Minister of Tax Policy and Legislation of the Dominican Republic) Esther Cordo Mora (Director of the Economic Analysis Division of the Independent Fiscal Accountability Authority of Spain) Luciana Carvalho (Director of Programs of the Ministry of Planning and Budget of Brazil) |
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| Q&As: (10 mins) | |
| 12:00p – 12:15pm | Concluding Remarks |
| Marta Ruiz-Arranz (Chief of the Fiscal Management Division (IDB) Vítor Gaspar (FAD, IMF) (5 min. each) |
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| 12:30 – 1:00pm | Meet and Greet |