The Council of Ministries of Finance of Central America, Panama and the Dominican Republic (COSEFIN) is a regional body that discusses issues related to the harmonization, development, information, and convergence systems of fiscal policies.

It was established by consensus of the member countries during the meeting of June 28, 2006 in Antigua Guatemala. The Council is coordinated by an Executive Secretariat (SECOSEFIN), which is part of the economic framework of the Central American Integration System (SICA).

The key vision is that the coordination of fiscal policy and the progressive harmonization of taxes among the countries of the region are essential to the progress on Central American integration, the Customs Union, and the process of trade liberalization with other regions of the world. All of this must be achieved without undermining the tax base, while fulfilling the region’s social development goals.

The members of COSEFIN are the heads of the Ministry of Public Finance of Guatemala, the Ministry of Finance of El Salvador, the Finance Secretariat of Honduras, the Ministry of Finance of Costa Rica, the Ministry of Finance and Economy of the Dominican Republic, the Ministry of Finance and Public Credit of Nicaragua, and the Ministry of Economy and Finance of Panama and the Ministry of Finance of Belize.

The Pro Tempore President of the Council is the spokesperson for COSEFIN before the various bodies of the Central American integration system, as well as in different international cooperation forums and mechanisms. The duration of their term will be determined by the Council members through resolutions issued for that purpose. They will appoint a Vice-President who will replace them in their absence.

Currently, the Pro Tempore Presidency of the Council is held by the Ministry of Finance and Economy of the Dominican Republic, headed by Mr. Magín Díaz, who will serve in this capacity through the first half of 2026.

• To preside over COSEFIN at sectoral meetings before SICA and international cooperation agencies.
• To preside over the Council at its ordinary and extraordinary meetings.
• To authorize the Executive Secretary to convene ordinary and extraordinary meetings.
• To approve the agenda for each meeting, the opinions and requests of COSEFIN members, the regional commitments made regarding Treasury or Finance by Central America, Panama, and the Dominican Republic at the Presidential Summits, and the ongoing regional work programs.
• To endorse and submit proposed amendments to the Regulations on the Organizations and Functioning of COSEFIN.
• To submit reports on its activities.
• To perform the other functions set forth in the legal instruments of the Central American Integration System.

The Executive Secretariat of COSEFIN is the permanent executive body of the Council of Ministers of Finance of Central America, Panama, and the Dominican Republic (COSEFIN). Its fundamental objective is to implement COSEFIN resolutions and contribute to the fulfillment of the purposes of the Tegucigalpa Protocol and the Guatemala Protocol.

The Executive Secretariat is the technical and administrative body of COSEFIN and is composed of the Executive Secretary, who heads it, the advisory bodies in legal, technical, and financial-administrative matters, as well as the administrative and support staff.

Additionally, the Executive Secretariat places topics of interest to its member countries in strategic forums; it also provides countries with supplementary input for the design and evaluation of fiscal policy; actively seeks solutions to issues of interest; operationalizes the Fiscal Interest Matrix (MIF) and adapts it to new challenges. Likewise, it represents the voice of the Ministers of Finance within the Central American Integration System (SICA).

The Executive Secretariat of the Council of Ministers of Finance of Central America, Panama and the Dominican Republic (SECOSEFIN) is the permanent executive body of said Council. Its mission is to implement the decisions issued by COSEFIN, by promoting and coordinating actions for the implementation of its regional work plan on fiscal policy, as well as regional decisions that contribute to strengthening the countries of the Central American Integration System (SICA).

SECOSEFIN’s vision is to be a leading reference in fiscal policy in Central America, Panama and the Dominican Republic in before the Central American Integration System (SICA), International Organizations, and other relevant stakeholders.