The OECD LAC Regional Programme builds on over 20 years of OECD engagement with the region through its Development Centre and a number of regional policy networks across range of policy areas, linked to OECD Committees. At present, a promising policy dialogue takes place within a number of Committee-supported networks on issues ranging from corporate governance, investment, and competition, to fiscal and budget issues, health, regulatory policy, open governance and water governance, among others (see table below). These OECD LAC Regional Policy Networks (RPNs) will continue to bring and adapt the discussions of OECD Committees to the region.
For more information on Latin America and the Caribbean’s engagement with the OECD, take a look at the Active with Latin America and the Caribbean brochure, which gives an overview of the OECD’s collaboration with and work on the region across all of the OECD’s policy areas.
OECD-LAC Investment Initiative
The OECD-LAC Investment Initiative has successfully relaunched within the framework of the OECD LAC Regional Programme, comprising analytical work streams, driven by the demand of its members, and a policy dialogue network. The Network brings together investment policy officials and experts from 10 LAC (Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Panama, Peru, Paraguay and Uruguay) and 4 OECD countries (Canada, Portugal, Spain and the United States). The Network meets multiple times per year back to back with the OECD Investment Committee, as well as through conferences and meetings in the region co-organised with other development partners, such as the IDB and ECLAC.
The Initiative’s analytical work in 2017 will focus on investment promotion and facilitation policies, helping different agencies operating in the region attract and retain investment more effectively.
OECD LAC Fiscal Initiative
The OECD LAC Fiscal Initiative provides a forum for policy dialogue on fiscal issues where officials from LAC countries exchange ideas and best practices with experts from relevant OECD committees and other regional and international organisations, such as the Inter-American Center of Tax Administrations (CIAT), ECLAC, the IDB, the World Bank Group and the International Monetary Fund (IMF).
Revenue Statistics in LAC, a joint effort by CIAT, ECLAC and the OECD, provides detailed, comparable, reliable and timely tax revenue data spanning over two decades for 24 LAC countries, enabling country, cross-country and regional analyses. The content of this publication has been reinforced through the launch of Taxing Wages in Latin American and the Caribbean, a joint project of the OECD, IDB, and CIAT, which estimates the burden on labour due to taxes and social security contributions for 20 countries in the region. This measure provides an analysis of how the combination of taxes and cash benefits affects net household income, as well as a baseline to advance the understanding on formal and informal labour markets in the region.
Latin American Corporate Governance Roundtable
Since 2000, the OECD has promoted the implementation of the G20/OECD Principles of Corporate Governance and other corporate governance best practices in the Latin American region through this Roundtable and its related networks. All Latin American countries with active capital markets have implemented corporate governance reforms and established corporate governance codes that take into account the G20/OECD Principles. The Latin America Roundtable on Corporate Governance has established several task forces which have issued recommendations and progress reports, including Corporate Governance of Company Groups in Latin America (2015) and Strengthening Corporate Governance Codes in Latin America (2016). A new Task Force report on disclosure of corporate governance practices within company groups will be issued in 2017.
LAC Corporate Governance of State Owned Enterprises (SOEs) Network
The LAC Corporate Governance of State Owned Enterprises (SOEs) Network was established in 2011. Its objective is to enhance the governance of SOEs in the region through an exchange of experience and knowledge concerning SOE governance policies, practices and reforms using the OECD Guidelines on Corporate Governance of State-Owned Enterprises.
OECD/IDB Latin American and Caribbean Competition Forum (LACCF)
The OECD/IDB Latin American and Caribbean Competition Forum (LACCF) promotes peer to peer learning, international co-operation between competition authorities, and facilitates the dissemination of OECD standards and best practices. By working with the OECD, and through the LACCF’s linkages to the OECD Competition Committee and Global Forum on Competition, LAC countries contribute to the OECD’s competition knowledge and the development/revision of standards and guidelines.
For over 10 years, the LACCF has brought together competition officials and experts to share best practices and exchange experiences. The Forum meets annually in a country of the region, hosted by the national competition authority. Working with the IDB, the LACCF has carried out over 14 peer reviews of LAC countries, providing them with roadmaps to strengthen their competition frameworks.
OECD-Latin American Anti-Corruption Initiative
The OECD-Latin America Anti-Corruption Initiative, established in 2007, aims to promote and strengthen implementation of the OECD Anti-Bribery Convention. Through periodic events, the LAAC brings together representatives from government agencies, non-government organisations, and the private sector to compare experiences, share best practices, and discuss challenges in the fight against bribery. A growing number of Latin American countries also participate in the OECD Working Group on Bribery (Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Peru). Looking forward, the LAAC intends to increase enforcement of anti-corruption legislation in the region by developing expertise and capacity through training and knowledge-sharing. During October 2018, the inaugural meeting of the Latin America & Caribbean Anti-Corruption Law Enforcement Officials’ Network (“LAC LEN”) was held. The LAC LEN aims to promote the exchange of experiences and good practices between the different jurisdictions of the region in order to equip anti-corruption law enforcement officials with the tools and knowledge necessary to effectively investigate and prosecute transnational corruption cases. The LAC LEN also provides an opportunity for investigators, prosecutors and other law enforcement authorities to meet amongst other experts to improve their capacity to investigate and sanction corruption. The Network is open to participation by law enforcement officials directly involved in the investigation and prosecution of transborder corruption, including administrative agencies mandated to enforce corporate liability laws.
OECD-IDB LAC Public Integrity Network
This network, launched in 2017 as a new activity within the OECD LAC Regional Programme, brings together the actors involved in public integrity systems of the LAC region to exchange ideas, experiences and lessons learned, as well as to find solutions to common challenges in the implementation of public integrity policies. The Network was jointly launched with the IDB, building on the fuitful collaboration established for the bi-annual OECD-IDB publication Government at a Glance: Latin America and the Caribbean.
The Network's first meeting included high-level participants from 10 LAC countries (Argentina, Brazil, Chile, Colombia, Costa Rica, Guatemala, Mexico, Paraguay, Peru, Uruguay) and established priority areas of work, including the challenge of an effective inter-institutional co-ordination, mainstreaming integrity in human resource management policies, monitoring and evaluating the impact of integrity policies, ensuring effective communication, and reaching the sub-national level.
LAC Regional Senior Budget Officials Network (LAC SBO)
The LAC Regional Senior Budget Officials Network (LAC SBO) gathers budget directors and other budget officials from the region annually. The Network is jointly managed with the IDB and held its 15th meeting in Buenos Aires in March 2017. The OECD’s Principles of Budgetary Governance provide a concise overview of good practices across the full spectrum of budget activity, taking into account the lessons learned from the recent economic crisis. This tool gives policy makers practical guidance for designing, implementing and improving budget systems.
Network of Health Systems for Latin America
In 2016, the OECD Joint Network of Health and Budget Officials on the Fiscal Sustainability of Health Systems joined efforts with other key international partners (World Health Organization, Pan American Health Organization, the Global Fund, and the IDB) to strengthen engagement between national health and budgetary officials in the LAC region. In July 2016 the OECD held the First Health Systems Joint Network meeting for LAC to discuss challenges in budgeting for health, as well as identify effective policies to ensure the financial sustainability of health systems.
There is great enthusiasm both from country representatives and international organisations to take this work further and explore in greater detail the policy issues already identified. In particular, the Network will start exploring performance budgeting in health, and a LAC regional edition of the OECD's flagship publication Health at a Glance is being prepared.
LAC Network on Regulatory Improvement
The LAC Network on Regulatory Improvement serves to complement country-specific work that the OECD is undertaking with various LAC countries, by promoting dialogue on regulatory policy among public policy experts from the region. Building on this policy dialogue, the Network will engage with the region to produce a toolkit for implementing regulatory policy.
LAC Network on Open and Innovative Government
The LAC Network on Open and Innovative Government, co-chaired by Mexico and Costa Rica, offers LAC countries the opportunity to engage in policy dialogue, knowledge transfer, and exchange of good practices with OECD countries. The Network was created in response to strong demand from LAC countries for OECD support for the implementation of their open government reform agendas.
Outputs of the Network have also included in-depth country analysis, such as the OECD Open Government Review of Costa Rica (2016), as well as open government assessments of Peru (in the framework of its OECD Public Governance Review) and Mexico (included in the OECD Open Data Review of Mexico). In particular, the Open Government Review of Costa Rica and its ongoing implementation programme have supported the pioneering move from an open government to an open state, which is now being replicated in other LAC countries and across the OECD.
OECD/INFE LAC Regional Network for Financial Education
An OECD/INFE LAC Regional Network was created in 2017 to support LAC members of the OECD/INFE in designing and implementing their financial education policies and programmes. The OECD/INFE LAC Regional Network meets once a year on the margins of the annual meeting of the OECD/CVM Centre on Financial Education and Literacy in LAC, which is housed at the the Securities and Exchange Commission of Brazil (CVM) headquarters in Rio de Janeiro, Brazil. Currently, 39 public authorities (central banks, financial markets authorities, ministries of finance, social policy and education) from 19 LAC countries are members of the regional network.