Representatives of Finance Ministries discuss preparations for 2017 Annual Meeting of Finance Ministers of the Americas and the Caribbean
Under the chairmanship of Mr. Luis Andrés Caputo, Minister of Finance of Argentina, high-level representatives of the Ministries of Finance of the Americas and the Caribbean gathered in Asuncion on April 1 to prepare the 2017 Annual Meeting of Regional Finance Ministers, also known as RFM Meetings.
Participants proposed that in the upcoming RFM Meeting the Ministers will discuss challenges related to the current economic environment, and policy options aimed at promoting financial inclusion and trade integration, with a view to contributing to growth and poverty reduction in the region. The RFM meeting will be held in October 2017 in Washington DC at the headquarters of the Inter-American Development Bank.
The Finance Ministers of the Americas and the Caribbean hold the Annual RFM Meeting to discuss selected issues that are common to the region and hold the potential to promote economic integration and cooperation. The RFM Meetings have taken place altogether eight times.
The RFM Meetings are attended by Finance Ministers of 34 countries in the Americas and the Caribbean, as well as the heads of the International Monetary Fund, the World Bank Group, and the Inter-American Development Bank. In addition, regional partner institutions such as the United Nations Economic Commission for Latin America and the Caribbean, and CAF - Development Bank of Latin America have been represented at previous editions. By virtue of being a closed meeting, the RFM Annual Meetings have become an important forum for open, strategic and in-depth discussions on the collective regional future.
The RFM process is supported by a Technical Secretariat, coordinated by the Integration and Trade Sector of the IDB.