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
Luis Fernando Corrales
Luis Fernando Corrales es consultor para la División de Gestión Fiscal del Banco Interamericano de Desarrollo. Previamente, ha sido Research Fellow en el BID y el Centro Latinoamericano de Políticas Económicas y Sociales de la Pontificia Universidad Católica de Chile (CLAPES UC). Ha laborado en el Área de Fiscalización del Sistema de Administración Financiera de la Contraloría General de la República de Costa Rica. Posee una licenciatura en Economía de la Universidad Nacional de Costa Rica (UNA) y un Magíster en Economía de la Pontificia Universidad Católica de Chile, donde se graduó con distinción.
Electronic Invoicing: Lessons from Latin America
Over the past two decades, a silent revolution began transforming tax administration in Latina America. Electronic tax invoicing (EI) is the region’s contribution to the fight against evasion and support for tax transparency. It sprang from the innovative efforts of the region’s more advanced tax administrations (TAs), especially those that embarked on their modernization … [Read more...] about Electronic Invoicing: Lessons from Latin America