Authorities from 18 countries in the region highlight the importance of promoting public investment as an engine for inclusive and sustainable growth

(November 10, 2022) Authorities from 18 Latin American and Caribbean countries highlighted the importance of promoting public investment as an engine of inclusive and sustainable growth, during the X Seminar of the Network of National Public Investment Systems of Latin America and el Caribe – Red SNIP, which was held on November 3 and 4 in the Dominican Republic.

At the meeting, organized by the Economic Commission for Latin America and the Caribbean (ECLAC) together with the Government of the Dominican Republic, the SNIP Network, the Inter-American Development Bank (IDB) and the German Society for International Cooperation (GIZ), They analyzed the challenges to strengthen national public investment systems with a view to responding to the needs of citizens reflected in the objectives of planning for development and the 2030 Agenda.

The regional seminar was opened by Pável Isa Contreras, Minister of Economy, Planning and Development of the Dominican Republic; Cielo Morales, Director of the Latin American and Caribbean Institute for Economic and Social Planning (ILPES) of ECLAC; Maike Friedrichsen, Ambassador of the Federal Republic of Germany in Santo Domingo; Katharina Folkner-Olmedo, IDB Group Representative in the Dominican Republic, and Francisco Tula Martínez, Investment Director of Costa Rica, in his capacity as president of the SNIP Network.

During the Seminar, the directors of the National Public Investment Systems of the countries of the region that currently make up the SNIP Network, highlighted the importance of this space to exchange experiences, good practices and methodologies to continue strengthening the systems and to promote coherence. , efficiency and effectiveness of public investment.

They also recognized the progress made in the SNIP Network Portal available in the ECLAC Regional Planning Observatory and encouraged to continue strengthening it as a collective learning space for the Network and for all the countries that need it as a regional public good.

ECLAC participated in the panels on the challenges to promote quality and resilient post-pandemic public investment, the challenges to strengthen the institutional framework of systems to manage public investment, and the promotion of resilient and sustainable infrastructure through the SNIP.

Finally, during the meeting, the member countries of the Network elected a new directive for the next two years (2022-2024), made up of Chile in the presidency and the Dominican Republic and Honduras in the vice-presidencies.

The Seminar presentations are available on the SNIP Network Portal at the ILPES/ECLAC Regional Planning Observatory: https://observatorioplanificacion.cepal.org/es/node/1716