The Seminar of Fiscal Risk, Sovereign Founds and Contingent Liabilities took place in Mexico City, from November 16th to 17th, 2016. The event was attended by 26 officials from 14 countries: Barbados, Bolivia, Chile, Colombia, Costa Rica, Dominican Republic, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Salvador and Venezuela. Most of the attendees were officials from central banks and ministries of finance from their respective countries.
The Seminar aimed at presenting and discussing recent developments in the analysis, management and mitigation of fiscal risks that arise from macroeconomic shocks, financial system and contingent liabilities, as well as to analyze the role of stabilization funds macro-fiscal risks management.
The Seminar was opened by Dr. Fernando Tenjo, CEMLA’s General Director, who stressed the importance of the seminar topics, because addressing fiscal risks properly supports countries’ efforts to preserve public debt sustainability and macroeconomic stability.
The seminar was conducted by noticeable speakers from the IMF: Sandeep Saxena, Amanda Sayegh, Rolando Ossowski and Maria Oliva. Also, the opening was attended by Dalmir Louzada, CEMLA’s Deputy General Director, and Jaime Coronado, CEMLA’s Public Debt Program Coordinator.
The Seminar achieved all the objectives and was considered very successful in the technical and organizational areas. Attendees suggested organizing more events on the subject with a greater focus on Latin American countries’ experiences.