The energy transition is expected to significantly increase demand for critical minerals like copper, lithium and nickel, which are essential for the deployment of green technologies. Latin America and the Caribbean (LAC) is a region rich in these vital resources and well-placed to benefit. Governments in LAC are working on improving fiscal policies and forming key partnerships to ensure their mineral wealth drives economic growth, boosts public revenue, and supports sustainable development across the region.
To support policymakers in this endeavor, the Conference on the Future of Resource Taxation in Latin America and the Caribbean provided a unique opportunity to gather key government officials from ministries of finance, mining, and revenue authorities, together with representatives from industry, civil society, academia, and international organizations that are active in the region. This event explored effective taxation and fiscal policies to strengthen revenue administration, management, and distribution practices for the evolving mining sector amid the global energy transition. Additionally, the program discussed social and environmental challenges and international cooperation.
This three-day conference has been organized by the Inter-American Development Bank (IDB) and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF). It took place from September 30 to October 2, 2024, in Lima, Peru. During the event, participants heard from expert speakers and engaged in discussions on topics such as financial benefits sharing, mineral pricing, contract negotiations, revenue distribution, revenue management, and the environmental and social impacts of mining.