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
Huáscar Eguino
Huáscar Eguino is a Senior Consultant in the Fiscal Management Division of the IDB. He is an economist specialized in fiscal policies and climate change, subnational public finance, and public investment management. During his more than 20 years of experience as an IDB specialist, he worked directly with 17 countries in Latin America and the Caribbean, advised more than 75 subnational governments, and coordinated the development of two emerging issues at the IDB: fiscal policy and climate change and subnational fiscal management. Currently, he works as a consultant providing advice and supporting the development of financial and knowledge products on fiscal policy and climate change matters. He holds a master’s degree in Development Studies from the Institute of Social Studies of the University of Rotterdam, and postgraduate studies at the Massachusetts Institute of Technology, Harvard University, University of Pennsylvania, and the University of the Andes. In addition, he holds more than 10 professional certifications in fiscal policy and climate change and public finance. He is (co-)author of more than 20 publications in the IDB that have exceeded more than 120 thousand downloads.
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?
Five Reasons COP26 is a Big Deal for Finance Ministries
The streams of analysis on the UN climate change talks in Glasgow last December read like the opening of the Charles Dickens’ novel, A Tale of Two Cities: “It was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair…” There is some truth to both sides. There was deep regret that the goal of developed countries to … [Read more...] about Five Reasons COP26 is a Big Deal for Finance Ministries
Three areas where finance ministries can help solve the climate crisis
Data compiled by NASA shows that 2020 was the hottest year globally on record, tied with 2016, when compared to the average temperature recorded between 1951 and 1980. Since the 1880s, the Earth's average temperature has risen more than 1°C and there is consensus that countries need to move far more aggressively to decarbonize their economies. Finance and planning ministries … [Read more...] about Three areas where finance ministries can help solve the climate crisis
Public investment in decarbonization: opportunities and strategies for economic recovery
Beyond the health emergency, the pandemic has dealt a severe blow to the economies of Latin America and the Caribbean. According to the World Economic Outlook report, it is estimated that our region will contract by 9.4% in 2020, which will constitute the worst recession in a long time, even deeper than that caused by the global financial crisis of 2008-09 and the debt crisis … [Read more...] about Public investment in decarbonization: opportunities and strategies for economic recovery