Meeting of Finance Ministers of the Americas and the Caribbean | Past Events – 2008
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Past Events – 2008

Mexico (Cancun, June 23-24, 2008)

The First RFM Annual Meeting took place in Cancun, Mexico, on June 23-24, 2008. Against the backdrop of the global economic and financial crisis, Finance Ministers focused the discussions on the rise of food and fuel prices, which was having a dual negative impact on regional economies: an upward pressure on inflation, and a disproportionate impact on the poor. In terms of structural issues, the Ministers discussed the need to strengthen the region’s image as a solid and attractive region to invest, while balancing the expected growth slowdown against ongoing inflation pressures and a continuous effort to reduce poverty.