The highest representatives of economic and fiscal policy issued this Tuesday (26.09.2023/XNUMX/XNUMX) for the first time a joint statement to align their fiscal strategies in order to promote the transition towards low-carbon and climate-resilient economies.
At the second High-Level Dialogue of the Regional Platform on Climate Change of the Ministries of Finance, Economy and Finance of Latin America and the Caribbean, held in Santiago de Chile on September 25 and 26 2023, the heads of these areas defended the potential of the region and what it can offer their countries.
Thus, the declaration recognizes the strategic role that finance ministries can play in promoting a sustainable and fair transition to economies with zero net carbon emissions and ratifies their commitment to Promote green tax policies in the region to support the mobilization of private capital towards investments in green technologies and the mitigation of risks associated with the transition to decarbonized economies.
“Our decisions have profound repercussions on the allocation of financial resources, the formulation of economic policies, the channeling of cooperation international for emerging economies and developing countries and the construction of a vision of sustainable development,” the statement said.
And he notes: “Recognizing our diverse responsibilities and the unique circumstances of our nations, we unite under the principle of common responsibility but differentiated, reinforcing our commitment to creating an enabling environment for the mobilization of capital towards sustainable objectives and thus contributing to a resilient future.”
In this regard, the platform's member countries committed to contribute to the development of innovative financial mechanisms, improve investment flows and create avenues for an effective allocation of resources that support these goals.
Pro Tempore Presidency 2023-2024. At the meeting of Latin American representatives, the Ministry of Finance of Chile assumed the pro tempore presidency of the platform. The work plan for the platform was also presented and approved. period 2023-2024, which was prepared based on the main interests expressed by the various countries in the region.
What to know about the platform? The initiative was established in August 2022 with support from the IDB; it is made up of and led by 26 countries regional members of the Bank, which represent more than 98% of greenhouse gas (GHG) emissions and more than 90% of GDP in Latin America and the Caribbean. This initiative receives funding from the Fund for the Promotion of Fiscal Policy for Climate Change in Latin America and the Caribbean, administered by the IDB and financed by the International Climate Initiative (IKI) of the Federal Ministry for Economic Affairs and Climate Protection of Germany.
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
