SANTIAGO DE CHILE, 14 May 2009: Reduced external demand, falling prices for exports, restricted access to finance, capital flight and high levels of uncertainty are some of the effects of the international crisis Latin American and Caribbean nations are facing this year.
In this scenario, fiscal policies have the double task of stabilizing economic growth with countercyclical policies and creating instruments to protect the most vulnerable population from the negative distributive impacts of the crisis.
These challenges will be analyzed during a Forum European Union, Latin America and the Caribbean. Fiscal policies in times of crisis: volatility, social cohesion and the political economics of the reforms to take place in Montevideo, Uruguay on May 19-20.
The meeting is organized by the Ministry of Economy and Finance of Uruguay and Germany’s Federal Ministry of Economic Cooperation and Development (BMZ), with the technical support of ECLAC and the German Cooperation Agency GTZ.
In four sessions, participants will discuss fiscal policies in times of crisis in Latin America and Europe, their financing and the role of fiscal incentives.
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