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 2015. 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, 2014. 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.
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 18-21 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
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 2014. 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
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 2014. Read more At the end of March, Mónica Calijuri joined CAPTACDR 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 12-14 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, 2014. 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
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. CAPTACDR 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 2015. Read more
CAPTAC-DR Activities Projected from May to July 2014 Tax Administration TA Missions Country Brazil Guatemala Dominican Republic
Nicaragua
Dominican Republic
Guatemala
El Salvador
Honduras
Dominican Republic
Subject CIAT Conference on tax administration Regional reports & handover
Date May 5-9, 2014
Expert(s) Monica Calijuri
May 8-14, 2014
Oscar Vazquez
Electronic invoicing. Integral control on fiscal credit. Implementation of a model based on information and control Integral control on fiscal credit.
May 19-30, 2014
Patricio Barra
May 26-27, 2014
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.
May 28-30, 2014
Oscar Vazquez Monica Calijuri Mario Rossello (until May 30) Oscar Vazquez Monica Calijuri
June 2-6, 2014
Oscar Vazquez Sebastian Paladino Sergio Leal Monica Calijuri
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
June 9-13, 2014
Sergio Leal Monica Calijuri
June 16-27, 2014
Mario Rossello Monica Calijuri (since June 23) Marcelo Costa
June 16-20, 2014
Costa Rica
Integral control on fiscal credit and implementation of structural reforms
June 30-July 4, 2014
Fernando Diaz Monica Calijuri
Dominican Republic
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
Sergio Rufail
July 28 - August 1, 2014
Monica Calijuri Oscar Vazquez
El Salvador
Customs Administration TA Missions Country Argentina
Subject OMA's Strategic Committee on Customs Administration
Date May 21-27, 2014
Expert(s) Selvin Lemus
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
Costa Rica
Strategic Planning visit
June 11 - 12
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)
Dominican Republic
Improving customs control processes (prior during and post clearance)
July 21 - 25, 2014
Selvin Lemus Claudia Silva
Public Financial Management TA Missions Country Panama
Subject FAD mission on Budget - Medium Term Expenditure Framework
Date May 26 - June 6, 2014
Expert(s) Almudena Sanchez Francisco Moreno Alvaro Echenique
Guatemala
Treasury Single Account
June 9-13, 2014
Jose Adrian Vargas
Guatemala
IPSAS implementation
June 16-27, 2014
Arantxa Lopez
Guatemala
Fiscal Risks
June 16-27, 2014
Rafael Villarreal
Honduras
June 23-27, 2014
Francisco Moreno
Honduras
Budget - Medium Term Expenditure Framework Treasury Single Account
June 23- July 4, 2014
Jose Adrian Vargas
El Salvador
Treasury Single Account
July 7-11, 2014
Martha Cubillo
Dominican Republic
Treasury Single Account
July 14-18, 2014
Jose Adrian Vargas
Subject Review of Early Warning Indicators System Ad-Hoc regional group of financial stability
Date May 12-16, 2014
Expert(s) Juan Cárdenas
May 19-23, 2014
Antonieta de Bonilla Armando Sánchez
Country Costa Rica
Subject Debt and Fiscal sustainability models in monetary policy management
Date 30-May-14
Costa Rica
Methodological and analytical uses of the Monetary and Financial Harmonized Statistics
June 23-27, 2014
Expert(s) Fernando L. Delgado Antonieta de Bonilla Horacio Catalán Andrés Gonzalez Franz Hamann Armando Sánchez Antonieta de Bonilla David Franco
Country El Salvador
Subject Developing Stress Testing
Date April 28-May 02, 2014
Honduras
Hedging derivatives
April 28-May 02, 2014
Expert(s) Eduardo Bastante Manuel Luy Mario Zambrano
El Salvador
Risk-based Monitoring System for Securities
May 05-09, 2014
Luis Peigneux
Monetary Operations TA Missions Country Costa Rica Costa Rica Workshops
Financial Supervision TA Missions
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
Dominican Republic
Hedging derivatives
June 30 – July 04, 2014
Alicia Novoa
El Salvador
Credit Risk Measurement
June 30 – July 04, 2014
Eduardo Bastante
Workshops Country Costa Rica
Subject Implementation of Basel II in the region (in collaboration with ASBA)
Date May 12-16, 2014
Expert(s) Oscar Basso
Dominican Republic
Management of troubled banks (in collaboration with ASBA)
July 14-18, 2014
Oscar Basso
National Accounts Statistics TA Missions Country Nicaragua
Subject Producer price index
Date May 5-9, 2014
Expert(s) 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 retreat Price Statistics: Export/Import Price Indices Quarterly National Accounts
June 9-12, 2014
Jose Pablo Valdes
June 23-27, 2014
Raul Lavaggi
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
El Salvador El Salvador Costa Rica
Honduras
National Accounts: Source Data
July 21-25, 2014
Eneira Osorio
External Sector Statistics TA Missions Country Guatemala
Subject Balance of payments statistics
Date May 28-30, 2014
Expert(s) Consuelo Soto
Honduras
External Debt
June 2-6, 2014
Enrique Gumiel
Honduras
Topics of the Secondary Income Account Balance of Payments Statistics and IIP
June 19-27, 2014
Topics of the Secondary Income Account Balance of Payments Statistics and IIP
June 30-July 8, 2014 June 30-July 4, 2014
Consuelo Soto
RTACs Macroeconomic Statistics RAs retreat Topics of the Secondary Income Account Balance of Payments Statistics and IIP
June 9-12, 2014
Consuelo Soto
Topics of the Secondary Income Account Balance of Payments Statistics and IIP
July 3-11, 2014 July 7-11, 2014
Consuelo Soto
Subject MPB6 treatment of current transfers
Date May 28-30, 2014
Expert(s) Consuelo Soto
Honduras Dominican Republic Dominican Republic United States (HQ) El Salvador El Salvador Nicaragua Nicaragua
June 23-27, 2014
Consuelo Soto
July 14-22, 2014 July 14-18, 2014
Consuelo Soto
Workshops Country El Salvador
