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November 16, 2024
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ECLAC and Economy will seek resources to double GDP

Cepal y Economía buscarán recursos para duplicar PIB

The Government has established the goal of doubling the gross domestic product (GDP) by 2036 as one of the main long-term development goals.

As part of the tools that support the country in meeting the goal of doubling the GDP by 2036 in the long term, and managing to channel the necessary financing for that objective, the Ministry of Economy, Planning and Development and the Economic Commission for Latin America and the Caribbean (ECLAC) discussed with representatives of the public and private sectors and international cooperation the progress made by the country in the implementation of the Integrated National Development Financing Framework (INFF, for its acronym in English).

This framework constitutes a key tool to improve the link between planning and budget, strengthen the monitoring of financial flows for development and mobilize additional resources from all sources through alternative financing mechanisms.

The Government has established the goal of doubling GDP by 2036 as one of the main long-term development goals, and the Financing Framework has been identified as a set of enabling tools to increase the probability of achieving this objective.

In this regard, the activity with the title “Financing for Development: Challenges and opportunities to advance in achieving the National Development Strategy (END) and the Sustainable Development Goals (SDG)”, the visit of a follow-up mission to the technical support of the Department of Economic and Social Affairs (UNDESA) in the implementation of NFF was held at the Ministry of Economy from the 7th to the 13th of this month.

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