A fiscal observatory of Latin America and the Caribbean is a group of experts who analyze the income and spending of governments in Latin America and the Caribbean. They look at how much money countries in the region have, how they spend that money, and how they can improve the way they manage their finances. The experts work together to make sure that governments in the region are using their money wisely and are making wise investments to benefit their citizens. The goals of the observatory are to help governments to make better decisions about their finances and help reduce poverty in the region.