On January 28, the transfer of presidency took place for the Latin American and Caribbean Organization of Superior Fiscal Entities (OLACEFS), which serves as a platform for cooperation among auditing entities in the region. The presidency was transitioned from the Contraloría General de Paraguay, led by Camilo Benítez Aldana, to the Tribunal de Cuentas da União in Brazil, presided over by Minister Vital do Rêgo Filho. This transition signifies a continuity in efforts to strengthen governance through enhanced fiscal oversight across Latin America.

The primary goal of OLACEFS is to foster collaboration in auditing and oversight functions among member countries, which is particularly vital in the context of economic challenges faced in the region. As highlighted during the ceremony, the incoming president is expected to continue promoting these initiatives over a three-year term. This leadership change embodies the commitment of the member states to work together in matters of financial accountability and transparency, which are crucial for democratic governance and public trust.

The ceremonial transfer of leadership included taking an oath by the new president and was attended by various stakeholders, symbolizing collective responsibility and solidarity among the auditing organizations. The ongoing work of OLACEFS serves as a critical reminder of the importance of regional partnerships in fostering better fiscal management, ultimately aimed at improving governance conditions in Latin America.