MX Finance Secretary Zamora

Mexico's Finance Secretary Édgar Amador Zamora with AS/COA's Susan Segal and Kevin Sullivan. (Photo: Mark Finkenstaedt)

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COA Hosts Finance Leaders on the Sidelines of the 2025 World Bank and IMF Annual Meetings

Top officials from Chile, Guatemala, Mexico, Panama, and Peru visited our Washington Office to share their countries' economic prospects with COA members.

On the sidelines of the 2025 Annual Meetings of the World Bank and the International Monetary Fund (IMF), held from October 13 to 18, Council of the Americas (COA) hosted Latin American finance ministers and central bank heads for private meetings held in our Washington Office. In conversations with COA members, officials from Chile, Guatemala, Mexico, Panama, and Peru outlined their countries' approaches to maintaining disciplined fiscal and macroeconomic governance while cultivating favorable investment climates, even against a backdrop of shifting global economic dynamics. This week, the IMF bumped up 2025 GDP growth projections for Latin America and the Caribbean to 2.4 percent, a slight increase over a 2.2 percent forecast delivered in July. 

"Amid sweeping shifts in the global economy, the opportunity to bring together regional finance leaders from across Latin America for meaningful dialogue with senior members of the private sector could not come at a more crucial moment for our hemisphere," said the Vice President of COA Washington Office Kevin Sullivan. "From energy to innovation, from health to infrastructure, our speakers and guests forged deeper connections to foster investment and collaboration."

Julio Velarde, President of the Central Reserve Bank, Peru

Council of the Americas welcomed Peru's Central Bank head, Julio Velarde, for an October 15 conversation on the country's economic outlook. President Velarde, who has held his position since 2006 is currently one of the region's longest-serving central bank presidents. The IMF projects that Peru's 2025 GDP growth will reach 2.9 percent, exceeding the regional average of 2.4 percent.

The president emphasized the Bank’s pivotal role in preserving stability during periods of political transition, outlined fiscal priorities leading up to the 2026 elections, and noted the continued strength of Peru's currency. 

Peru Central Bank Pres. Velarde IMFWB Oct2025

(Photo: Shawne R. Turrentine)

Édgar Amador Zamora, Finance and Public Credit Secretary, Mexico

During the evening of October 14, Secretary Édgar Amador Zamora, head of Mexico's Finance and Public Credit Secretariat, met with COA members in our offices to provide an overview of his country’s economic panorama.

He highlighted successful efforts to increase GDP growth, reduce poverty and inequality, and boost investment through Plan Mexico. Members engaged in a productive exchange with member companies on Mexico's investment climate, economic priorities, and opportunities for collaboration, fostering the kind of public-private dialogue that strengthens North American competitiveness and advances Mexico's development goals.

MX Finance Min. Zamora_DC_2025

(Photo: Mark Finkenstaedt)

Felipe Chapman, Economy and Finance Minister, Panama

On October 15, Council of the Americas was joined by Panama's Minister of Economy and Finance Felipe Chapman for a private breakfast discussion.

Minister Chapman, joined by Vice Minister of Economy Eida Gabriel Saiz, emphasized the Mulino administration's commitment to achieving fiscal goals and progress on its agenda. Members actively participated in a discussion that spotlighted opportunities for private-sector engagement in critical areas such as health, energy, and innovation. 

Panama Finance Minister Chapman Oct2025

(Photo: Shawne R. Turrentine)

Álvaro González Ricci, President of the Central Bank, Guatemala

Council of the Americas welcomed President of the Central Bank of Guatemala Álvaro González Ricci for a private program on October 15.

In an exchange with COA members, President González Ricci and Johny Gramajo, chief economist at the Bank, underscored Guatemala’s prudent approach to fiscal governance, examined the effects of tariffs on the financial sector, and reflected on the country’s positioning within an increasingly competitive macroeconomic landscape. The president highlighted sectors where Guatemala offered a competitive advantage based on U.S. tariff rates, in addition to explaining why remittances—which accounted for 19 percent of the country's GDP as of 2024—remained high amid changes in U.S. immigration policy.

Guate IMF/WB 2025

(Photo: Shawne R. Turrentine)

Nicolás Grau, Finance Minister, Chile

Council of the Americas hosted Chile's Finance Minister Nicolás Grau at our offices on the morning of October 16.

The minister engaged COA members in a discussion about Chile’s diversified economy and underscored the country’s sustained macroeconomic stability as it heads into an election, noting the importance of sound fiscal policy and continued investor confidence amid a shifting global environment.

Chile Min Grau_DC_IMFWB2025

(Photo: Shawne R. Turrentine)

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