Most local and state level governments in the United States belong to networks and organizations that promote cooperation and the exchange of knowledge to strengthen subnational fiscal management (SFM). One of the leading of such organizations is the Government Finance Officers Association (GFOA). Since subnational governments in Latin America and the Caribbean face … [Read more...] about Networks for decentralization and subnational fiscal management: the USA experience
Budget management: how to improve the link between budget allocation and performance results in Uruguay
Marc Robinson is one of the prominent international experts on public financial management, performance budgeting and fiscal policy. Last March he visited Uruguay with Inter-American Development Bank support, in order to assess the country´s progress in improving its budgetary system and provide recommendations to achieve a better connection between budgetary allocations and … [Read more...] about Budget management: how to improve the link between budget allocation and performance results in Uruguay
Participate in the call for research papers on local finances 2019
Are you interested in topics related to subnational government financing? This is your opportunity to present your research work. The Inter-American Development Bank (IDB), the Economic Commission for Latin America and the Caribbean (ECLAC), the Universidad Iberoamericana (UIA) and the Centro de Investigación y Docencia Económicas (CIDE) have launched a call for proposals … [Read more...] about Participate in the call for research papers on local finances 2019
Networks for decentralization and subnational fiscal management: the OECD experience
Member countries of the Organisation for Economic Cooperation and Development (OECD) rely on the use of committees and networks of country delegates as vehicles to promote cooperation and technical dialogue on decentralization and subnational fiscal management (SFM). Since countries in Latin America and the Caribbean face similar challenges, we have invited Sean Dougherty, … [Read more...] about Networks for decentralization and subnational fiscal management: the OECD experience
The institutional trilogy of fiscal discipline
In response to the international crisis of 2008 and the ending of the commodities super cycle (circa 2013), the countries of Latin America reacted with countercyclical policies to tackle the impacts of the global economic downturn. In fact, Latin America’s average fiscal balances deteriorated, from -0.3 percent of GDP in 2006 to -3.6 percent in 2017. Hence fiscal rules (FRs) … [Read more...] about The institutional trilogy of fiscal discipline