Public procurement accounts for around 13-20% of global GDP, so it has the potential to be an important tool for governments to promote gender equality. Women-led businesses are currently underrepresented in public procurement awards. It is estimated that less than one percent of the $10 trillion spent annually on global public procurement is awarded to women-owned … [Read more...] about Women-Owned Business Certification Programs “Sello Empresa Mujer”: An Effective Tool to Promote Women’s Participation in Public Procurement
Six opportunities to promote resilience and decarbonization through fiscal policy
All countries in the region have signed the Paris Agreement, which aims to increase countries' resilience and adaptive capacity, as well as stabilize global warming below 2°C and as close to 1.5°C as possible. This objective implies two major challenges for finance ministries. First, they need to help drive large-scale and unprecedented changes in the energy, construction, … [Read more...] about Six opportunities to promote resilience and decarbonization through fiscal policy
Tax Administration 3.0: IDB open-source software leverages digital accounting data to facilitate and increase compliance
Digital transformation is changing how government agencies relate to citizens, allowing them to meet their constituents' needs faster, fairer, and more transparently. One promising area for governments is the creation of Tax Administrations 3.0 by using digital technologies to provide a more seamless and frictionless service for citizens and firms[1]. Tax administrations … [Read more...] about Tax Administration 3.0: IDB open-source software leverages digital accounting data to facilitate and increase compliance
Are Latin American and Caribbean Countries Complying with Their Fiscal Rules?
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?
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?