Past Events – 2015
The Seventh RFM Meeting took place in Lima on October 8, 2015. The debate among Ministers focused on the challenges of fiscal consolidation given the slowing growth in the region, which is facing decreasing external demand – in particular in China – low commodity prices, and increasing financial pressures in view of the imminent normalization of monetary policy in the United States. The Ministers emphasized the need to undertake growth-oriented fiscal policy within a strong fiscal framework, while adopting structural reforms, promoting greater export diversification, and broader regional integration. They also underscored the importance of greater investment in infrastructure with increased private sector participation, through public-private partnerships and with adequate risk management.