Every year, governments spend billions through public procurement to keep the government running and deliver services that citizens rely on. Yet managing this spending well isn’t just about signing more contracts; it’s about making every dollar count. And that starts with taking advantage with an often-overlooked tool: the reference price. These prices provide a technical … [Read more...] about Four Steps to Make the Use of Reference Prices a Game-Changer in Public Procurement
Smart Public Procurement for Better Public Spending in Latin America and the Caribbean
Given the increasing fiscal constraints facing Latin America and Caribbean (LAC), it is imperative to adopt smarter, more strategic procurement approaches that reduce waste and enhance the efficiency of public funds, particularly with a focus on mid- and long-term developmental outcomes.Such a strategy could go a long way in helping bridge the financing gap for … [Read more...] about Smart Public Procurement for Better Public Spending in Latin America and the Caribbean
Restoring fiscal growth and sustainability: 4 strategic measures implemented by South Korea to face the emergency and the new normal
Despite being one of the countries that had the most COVID-19 cases in early 2020, South Korea managed to control the spread of the outbreak in less than a month, and today it has a mortality rate of 0.2% with a cumulative number of positive cases that is flattening out. Added to this, it managed in a short time to stabilize the economy with an aid package equivalent to 31.2% … [Read more...] about Restoring fiscal growth and sustainability: 4 strategic measures implemented by South Korea to face the emergency and the new normal