Santo Domingo. – The Ministry of Finance and Economy (MHE) today assumed the Pro Tempore Presidency of the Council of Ministers of Finance of Central America, Panama and the Dominican Republic (COSEFIN), one of the main bodies for coordinating fiscal policy in the region.
The presidency was transferred to the Dominican Republic from the Ministry of Economy and Finance of Panama, which led the organization during the last semester of 2025.
The Dominican Ministry of Finance and Economy will hold the presidency until June of this year.
“This forum constitutes an ideal space to debate and promote actions in our technical groups that allow us to optimize public financial management, prioritize public spending, mobilize tax resources and mitigate common fiscal risks in our region, such as those caused by natural disasters,” highlighted the Vice Minister of Fiscal Policy of the Dominican Republic, Camila Hernández.
The official also stressed the country’s willingness to promote, within the framework of this presidency, “the coordination of sustainable fiscal policies that favor economic growth.”
Currently, the members of COSEFIN are the heads of the Ministry of Public Finance of Guatemala, the Ministry of Finance of El Salvador, the Secretariat of Finance of Honduras, the Ministry of Finance of Costa Rica, the Ministry of Finance and Economy of the Dominican Republic, the Ministry of Finance and Public Credit of Nicaragua and the Ministry of Economy and Finance of Panama.
The transfer of the presidency was carried out during the LVII Ordinary Meeting of COSEFIN, with the attendance of representatives of the member countries, including the head of the Economy of Panama, Felipe Chapman. The organization is a fundamental part of the economic axis of the Central American Integration System (SICA).
Among the main tasks assigned to the Pro Tempore Presidency of the Dominican Republic are the implementation of the Regional Disaster Risk Financial Management Strategy for Central America, Panama and the Dominican Republic (ERGFRRD), the launch of the Central American Committee on Internal Taxes (CCTI) and its launch during the meeting of IDB governors, as well as the implementation of the Smart Treasury Community of Practice with the World Bank, among others.
