The Fifth RFM Meeting took place in Washington, DC, on October 9, 2013. It was chaired by the Ministry of Finance and Public Credit of Colombia. The discussion among Ministers focused on the macroeconomic challenges facing the region in view of the normalization of the Fed’s monetary policy and the expected economic slowdown in China and other emerging markets. The Ministers also touched upon the policy options and reforms to address inequality, informality and low productivity in the region, and the need for a policy mix to move forward on these three fronts.