Last Wednesday, June 24, together with representatives of the Economic Commission for Latin America, ECLAC, and the Chamber of Commerce of Santiago, CCS, the tenth session of the Webinar Cycle in times of Covid-19 was held, called Economic Governance in the Pandemic.

Noel López, Chief of the Fiscal Affairs Unit of ECLAC’s Economic Development Division, began his presentation by stating that, according to projections made in April, it is estimated that, as a result of COVID-19, Latin America will experience the sharpest economic decline in the last century. He then mentioned some of the fiscal measures that countries have been implementing to mitigate the effects of the pandemic on the population, such as tax relief, increased public spending and greater availability of liquidity. He also highlighted the role of SAIs and their control work in the response to this health crisis, mentioning that one of the most relevant actions of the SAIs is their function of informing public opinion since it has an impact on the increase of citizen confidence in the responses to the crisis, which helps to build more inclusive societies.

Next, Carlos Soublette, General Manager of the CCS, began by emphasizing the negative impact that the COVID-19 pandemic will have on employment. He then presented the initiatives that the CCS has been implementing to support the performance of companies in the midst of this crisis. He also highlighted the importance of supporting small businesses and enhancing their migration to e-commerce. In that context, he referred to the free online training program and portal for male and female workers generated for this purpose. In concluding his presentation, he highlighted the importance of the 2030 Agenda and environmental, social and governance factors in the creation of value of a company and its relevance in achieving true sustainable development, without leaving anyone behind.

You can find the presentations and recording of the webinar below:

Presentation by Noel López

Presentation by Carlos Soublette

For more information about the webinars, as well as the actions taken by SAIs and the COVID-19 Blog, visit the page:

Regional actions in times of COVID-19