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Are Latin American and Caribbean Countries Complying with Their Fiscal Rules?

October 20, 2022 by Oscar Valencia - Carolina Ulloa Suárez Leave a Comment

Compliance to Fiscal Rules in latin America and the Caribbean

Over the past two decades, a growing number of Latin American and Caribbean (LAC) countries began adopting fiscal rules to limit overspending influenced by election cycles, public pressure, and other political economy factors, helping the region strengthen its fiscal solvency and sustainability. However, in recent years the region has suffered several external shocks that … [Read more...] about Are Latin American and Caribbean Countries Complying with Their Fiscal Rules?

How do we measure public spending to address climate change in Latin America and the Caribbean?

October 12, 2022 by Huáscar Eguino - Carlos Pimenta - Aloisio Lopes - Raúl Delgado Leave a Comment

Cómo medir el gasto público climático

A recent report released by the World Meteorological Organization paints a devastating picture of extreme weather events and the effects of climate change in Latin America and the Caribbean. Throughout the region, floods, droughts, heat waves, and hurricanes are killing hundreds of people, inflicting severe damage on infrastructure, and displacing population. The … [Read more...] about How do we measure public spending to address climate change in Latin America and the Caribbean?

Advances in the new international taxation and challenges for Latin America and the Caribbean

May 31, 2022 by Alberto Barreix - Ubaldo Gonzalez de Frutos - Martin Bes - Emilio Pineda - Andrea Riccardi Leave a Comment

In the fourth quarter of 2021, 137 countries reached a ground-breaking agreement on the reform of international aspects of Corporate Income Tax (CIT) within the OECD-coordinated Inclusive Framework (IF) on BEPS (Base Erosion and Profit Shifting). Thirty-one of these are Latin American and Caribbean (LAC) countries, and they are currently working to ensure that the voluntary … [Read more...] about Advances in the new international taxation and challenges for Latin America and the Caribbean

Four Strategies to Make Tobacco Taxation an Effective Tool to Reduce Consumption

May 31, 2022 by Karen Astudillo - Guillermo Cruces - Jorge Puig Leave a Comment

Tobacco Taxation in latin America and the Caribbean

Fiscal policy has a key role in reducing tobacco use. According to the WHO FCTC, raising taxes has been one of the most effective measures by far. This is because an increase in taxes, directly affects the price, which in turn makes tobacco products less affordable. Pricier tobacco products have the positive effect of reducing tobacco initiation, prevalence, and consumption. … [Read more...] about Four Strategies to Make Tobacco Taxation an Effective Tool to Reduce Consumption

The Fiscal Puzzle of the Ukraine War for Latin America and the Caribbean

April 28, 2022 by Emilio Pineda - Oscar Valencia - Romina Nicaretta - Matheo Arellano M 1 Comment

The Fiscal Puzzle of the Ukraine War for Latin America and the Caribbean

The war in Ukraine has produced a significant increase in energy costs that will likely delay the fiscal consolidation efforts already put in place by several governments in the region. This supply shock is also likely to fuel inflation and higher interest rates, adding further pressure on governments trying to service their debts. Higher domestic and global inflation has … [Read more...] about The Fiscal Puzzle of the Ukraine War for Latin America and the Caribbean

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Welcome to the Blog of the IDB’s Fiscal management Division. This is place where we can talk about fiscal policy and management at the national and subnational level in Latin America and the Caribbean. Let’s talk!

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  • Are Latin American and Caribbean Countries Complying with Their Fiscal Rules?
  • How do we measure public spending to address climate change in Latin America and the Caribbean?
  • Advances in the new international taxation and challenges for Latin America and the Caribbean
  • Four Strategies to Make Tobacco Taxation an Effective Tool to Reduce Consumption
  • The Fiscal Puzzle of the Ukraine War for Latin America and the Caribbean

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