How to develop governance frameworks that allow us to take advantage of the benefits of AI and digital transformation, manage its risks, and strengthen confidence in its development and use. The discussion will address emerging regulatory approaches, risk assessment and management, transparency and explainability of algorithmic systems, audit and oversight mechanisms, and the security of AI systems. It will also discuss how to move from declarative governance to effective governance: the region has multiplied digital agendas and AI strategies, but many of them lack budgets, managers, evaluation mechanisms, and updating processes.