On September 25 and 26, the second High-Level Dialogue of the Regional Climate Change Platform of the Ministries of Finance, Economy and Finance of Latin America and the Caribbean was held in Santiago, Chile.

At this dialogue, the highest representatives of economic and fiscal policy issued for the first time a joint declaration to align their fiscal strategies to promote the transition to low-carbon and climate-resilient economies.

The declaration recognizes the strategic role that finance ministries can play in promoting a sustainable and just transition to zero net carbon economies and reaffirms their commitment to promote green fiscal policies in the region to support the mobilization of private capital for investments in green technologies and the mitigation of risks associated with the transition to decarbonized economies.

The member countries of the platform committed to contribute to the development of innovative financial mechanisms, improve investment flows and create avenues for the efficient allocation of resources to support these goals.