VI Annual Meeting of the Steering Committee

Transcription

1 VI Annual Meeting of the Steering Committee The Steering Committee of CAPTAC-DR met on April 9 in Washington, D.C to review the Annual Report of fiscal year 2014 (May 2013-April 2014) and discuss the Work Plan for fiscal year The agenda of the meeting also included the evaluation of the activities of the First Phase, the presentation of the Program Document for the Second Phase and a round of donors. The members of the Steering Committee considered as positive the general performance of the Center during the First Phase. The Committee agreed that the work plan for fiscal year 2014 is being executed as planned and supported the proposal of extending the First Phase for two more months, until June 30, The Committee approved the work plan proposed for fiscal year 2015 and accepted the preliminary draft of the Program Document for the Second Phase of the Center. The member of the Committee thanked the two new financing commitments made by Panama (US500, 000) and Luxembourg ( 1.5 million), raising the total of financing commitments for the second phase of the Center to 20.7 million dollars. Given that it is considered that the cash needs in the budget for the next five years will reach US$36 million, there is a deficit of approximately US$15.2 million. Relationship with donors During his visit to Guatemala, Mr. Claudio Salinas, Head of Sector Latin America I and Budget Support of the Cooperation Direction, EuropeAid, of the European Commission, met with the Coordinator of the Center, Mr. Fernando Delgado and with the resident expert in monetary operations, Mrs. Maria Antonieta de Bonilla. Together, they discussed topics related to CAPTAC-DR work plan for FY2015, the progress made in different areas of technical assistance of the center, and the financial support of the European Union for the Second Phase of CAPTAC-DR. The Ministry of Finance of Luxembourg, Pierre Gramegna, and the IMF Deputy Managing Director, Min Zhu, signed an agreement in which Luxembourg commits funding for CAPTAC-DR in the amount of 1.5 million. Read more The Coordinator of the Center met with the representatives of current and potential donors to seek additional funding for the Second Phase of the Center. These included the regional offices of GIZ, Mesoamerica Project in San Salvador, EIB and EU in Santo Domingo, USAID in San Salvador and Washington, DC.

2 Financial Supervision In order to contribute to the analysis and management of financial risks, CAPTAC-DR held a Regional Seminar on Financial Risk Management and Measurement on March in cooperation with the General Superintendency of Financial Entities of Costa Rica. Read more During the months of March and April, CAPTAC-DR provided technical assistance to the Superintendency of Banks and Other Financial Institutions of Nicaragua (SIBOIF) to draft the regulation for prepararing and presenting consolidated financial statements tailored to the requeriments of the International Financial Reporting Standards (IFRSs). CAPTAD-DR expert, José Toribio, provided support in the definition of the consolidated group and the treatment of transactions among groups companies into individual accounts. Read more Monetary Operations On February, the IMF Institute for Capacity Development (ICD), together with CAPTAC-DR, held a high level Regional Course on Macro-Fiscal Models and Analysis in the City of Guatemala; this was given by international experts. Read more Since February 26, the Bank of Guatemala is using the forecast for Structural Macroeconomic Model developed with the technical assistance from CAPTAC-DR to support the analytical tools that guide the Monetary Board in its decision regarding the setting of the leading rate of monetary policy. Read more

3 Estadísticas del Sector Externo On Friday, April 4, 2014 the Central Reserve Bank of El Salvador (BCR) held and event to launch the Statistics Balance of Payments and International Investment Position under the guidelines of the Sixth Edition of the Balance of Payments Manual and International Investment Position, reaching one of the milestones of the work program for fiscal year Read more Earlier this year, Guatemala and Nicaragua, with CAPTAC-DR technical assistance provided by the resident advisor on external statistics, Consuelo Soto and several short-term experts began to publish the balance of their gross external debt by institutional sectors. Read more In the effort to improve the coverage and quality of the external statistics and supported by CAPTAC-DR, the Bank of Guatemala began publishing a disaggregated quarterly series of its International Investment Position from the first quarter of 2014 in line with the sixth edition of the Balance of Payment and International Investment Position (BPM6). Read more National Accounts Statistics In order to contribute to develop the regional capacity to estimate service production within national accounting, CAPTAC-DR, together with the Economic Commission for Latin America and the Caribbean (ECLAC) organized the II Regional Seminar on Service Statistics in National Accounts. Read more

4 Internal Tax Administration With the intention of generating a process of reflection and discussion between first and second level authorities of the General Directorate of Internal Taxes (DGII) to shape the major strategic issues for the institution, the DGII of El Salvador, together with the German Technical Cooperation (GIZ) and CAPTAC-DR, developed a Strategic Planning Workshop in San Salvador during the second week of March Read more At the end of March, Mónica Calijuri joined CAPTAC- DR as Tax Administration Resident Advisor replacing Oscar Vázquez. In this interview, she shares her experience and professional expectations. Read the interview Customs Administration To analyze the importance and effectiveness of comprehensive control between tax and customs administrations, there was a seminar held in cooperation with BID on February in the City of Guatemala. This included participants from all the member countries of CAPTAC-DR and numerous representatives of South America and Mexico. Read more The XVII Regional Conference of Customs Directors of the Americas and the Caribbean Region of the Word Customs Organization (WCO) took place in Lima, Peru on April 23-24, The participation of CAPTAC-DR Customs Administration Resident Advisor, Selvin Lemus was convenient because of the strong regional presence in the conference and the importance the topics have on the Customs administrations of the member countries. Read more Selvin Antonio Lemus Martínez joined CAPTAC-DR on March 25, 2014 as Customs Administration Resident Advisor replacing Azael Pérez. In this interview he shares his experience and professional motivations. Read the interview

5 Gestión Financiera Pública The National Treasury of Guatemala, with technical assistance from CAPTAC-DR, implemented a Treasury Single Account (TSA) in the Departmental Development Councils (COCODES). The process began with a training and information activity about the operation of the Treasury Single Account. Read more Regional authorities are committed to improving fiscal transparency as a critical element of accountability to society. CAPTAC- DR is providing technical assistance in this effort by training officials in the adoption of best accounting practices for the public sector, including through the regional seminar held in the City of Panama on April 1-3. Read more Others During the meeting of the Central American Monetary Council (CMCA) held on February 21, 2014 in Antigua, Guatemala, Fernando L. Delgado, CAPTAC-DR Coordinator and several resident advisors of the Center, outlined the main strategic and operational guidelines of the preliminary work program of technical assistance and training for FY Read more

6 CAPTAC-DR Activities Projected from May to July 2014 Tax Administration Brazil CIAT Conference on tax May 5-9, 2014 administration Guatemala Regional reports & handover May 8-14, 2014 Oscar Vazquez Electronic invoicing. Integral control on fiscal credit. Implementation of a model based on information and control May 19-30, 2014 Patricio Barra Nicaragua Integral control on fiscal credit. May 26-27, 2014 Oscar Vazquez Mario Rossello (until May 30) Guatemala El Salvador Honduras Electronic invoicing. Integral control on fiscal credit. Implementation of a model based on information and control Adjustment and follow up to the strategic plan; integral control on fiscal credit; and, implementation of a model based on information and control. Integral control on fiscal credit, adjustment and follow up to the strategic plan Joint tax and custom's FAD diagnostic mission on integral control on fiscal credit and electronic invoicing. Electronic invoicing. Integral control on fiscal credit. Implementation of a model based on information and control May 28-30, 2014 June 2-6, 2014 June 9-13, 2014 June 16-27, 2014 June 16-20, 2014 Oscar Vazquez Oscar Vazquez Sebastian Paladino Sergio Leal Sergio Leal Mario Rossello (since June 23) Marcelo Costa

7 Integral control on fiscal credit and implementation of structural reforms June 30-July 4, 2014 Fernando Diaz El Salvador Electronic invoicing. Integral control on fiscal credit. Implementation of a model based on information and control Integral control on fiscal credit, adjustment and follow up to the strategic plan July 7-11, 2014 July 28 - August 1, 2014 Sergio Rufail Oscar Vazquez Customs Administration Argentina OMA's Strategic Committee on May 21-27, 2014 Selvin Lemus Customs Administration Guatemala Strengthening Cooperation between Customs and Tax administrations. June 2-6, 2014 Selvin Lemus Pablo Illarietti El Salvador Strategic Planning visit June 9-10, 2014 Selvin Lemus Strategic Planning visit June Selvin Lemus Honduras Joint tax and custom's FAD diagnostic mission on integral control on fiscal credit and electronic invoicing. June 16-25, 2014 Christian Girón Selvin Lemus (until June 20) Improving customs control processes (prior during and post clearance) July 21-25, 2014 Selvin Lemus Claudia Silva Public Financial Management Panama FAD mission on Budget - Medium Term Expenditure Framework May 26 - June 6, 2014 Almudena Sanchez Francisco Moreno Alvaro Echenique Guatemala Treasury Single Account June 9-13, 2014 Jose Adrian Vargas

8 Guatemala IPSAS implementation June 16-27, 2014 Arantxa Lopez Guatemala Fiscal Risks June 16-27, 2014 Rafael Villarreal Honduras Budget - Medium Term Expenditure June 23-27, 2014 Francisco Moreno Framework Honduras Treasury Single Account June 23- July 4, 2014 Jose Adrian Vargas El Salvador Treasury Single Account July 7-11, 2014 Martha Cubillo Treasury Single Account July 14-18, 2014 Jose Adrian Vargas Monetary Operations Review of Early Warning Indicators May 12-16, 2014 Juan Cárdenas System Ad-Hoc regional group of financial stability May 19-23, 2014 Antonieta de Bonilla Armando Sánchez Workshops Debt and Fiscal sustainability models in monetary policy management 30-May-14 Fernando L. Delgado Antonieta de Bonilla Horacio Catalán Andrés Gonzalez Franz Hamann Armando Sánchez Financial Supervision Methodological and analytical uses of the Monetary and Financial Harmonized Statistics June 23-27, 2014 Antonieta de Bonilla David Franco El Salvador Developing Stress Testing April 28-May 02, 2014 Eduardo Bastante Manuel Luy Honduras Hedging derivatives April 28-May 02, 2014 Mario Zambrano El Salvador Risk-based Monitoring System for Securities May 05-09, 2014 Luis Peigneux

9 Guatemala Reviewing Market Risk Standards May 26-30, 2014 Mario Zambrano Honduras Operational Risk Supervision June 09-11, 2014 Rocio Paredes El Salvador Basel II and Basel III June 09-13, 2014 Manuel Luy El Salvador Technological Risk Regulations June 23-27, 2014 Rocio Paredes Hedging derivatives June 30 July 04, 2014 Alicia Novoa El Salvador Credit Risk Measurement June 30 July 04, 2014 Eduardo Bastante Workshops Implementation of Basel II in the May 12-16, 2014 Oscar Basso region (in collaboration with ASBA) National Accounts Statistics Management of troubled banks (in collaboration with ASBA) July 14-18, 2014 Oscar Basso Nicaragua Producer price index May 5-9, 2014 Gilda Salvato Guatemala Regional National accounts May 5-15, 2014 Francisco Sabido Jose Pablo Valdes Guatemala National Accounts: Source data May12-16, 2014 Eneira Osorio Nicaragua National Accounts: Financial account / flow of funds table May 19-23, 2014 Ana Luz Bobadilla Jose Pablo Valdes Guatemala Price Statistics: Producer price index May 26-30, 2014 Gilda Salvato Panama Price Statistics: Producer price index June 2-6, 2014 Gilda Salvato United States (HQ) RTACs Macroeconomic Statistics RAs June 9-12, 2014 Jose Pablo Valdes retreat El Salvador Price Statistics: Export/Import Price June 23-27, 2014 Raul Lavaggi Indices El Salvador Quarterly National Accounts July 21-25, 2014 Jose Pablo Valdes National Accounts Non-observed economy: employment matrix and supply and use table July 21-25, 2014 Federico Dorin

10 Honduras National Accounts: Source Data July 21-25, 2014 Eneira Osorio External Sector Statistics Guatemala Balance of payments statistics May 28-30, 2014 Consuelo Soto Honduras External Debt June 2-6, 2014 Enrique Gumiel Honduras Topics of the Secondary Income June 19-27, 2014 Account Honduras Balance of Payments Statistics and IIP June 23-27, 2014 Consuelo Soto Topics of the Secondary Income June 30-July 8, 2014 Account Balance of Payments Statistics and IIP June 30-July 4, 2014 Consuelo Soto United States (HQ) RTACs Macroeconomic Statistics RAs June 9-12, 2014 Consuelo Soto retreat El Salvador Topics of the Secondary Income July 14-22, 2014 Account El Salvador Balance of Payments Statistics and IIP July 14-18, 2014 Consuelo Soto Nicaragua Topics of the Secondary Income July 3-11, 2014 Account Nicaragua Balance of Payments Statistics and IIP July 7-11, 2014 Consuelo Soto Workshops El Salvador MPB6 treatment of current transfers May 28-30, 2014 Consuelo Soto