Finance ministries play a crucial role in the face of climate change challenges, from their functions of managing and evaluating public spending, budgeting, fiscal policy and mobilizing financing. While technical units within ministries of finance are becoming more capable at incorporating these factors into their decision-making, this must be accelerated and consolidated — especially in the context of economic recovery after the COVID-19 pandemic and its consequences on spending and the fiscal balance of governments.

WRI's Finance Center and the German Corporation for International Cooperation (GIZ) have organized two different sessions for facilitating the exchange of experiences amongst the Ministries of Finance and/or Economy for leading a resilient and low-carbon development in Latin America and the Caribbean. This exchange will deepen the debate on how the countries of the region can take advantage of different tools to achieve their goals of resilient and low-carbon development, exceeding the challenges presented by the socioeconomic context of the region.