Chile remains one of the more centralized unitary countries within the OECD and also among emerging markets. Regional governments have traditionally been deconcentrated arms of the central government, with virtually non-existent own revenues. Municipalities have also a more limited range of responsibilities than is typical internationally. Successive governments of different … [Read more...] about How to decentralize Chile in a fiscally responsible way
Teresa Ter-Minassian
Teresa Ter-Minassian es licenciada en Derecho y Economía por la Universidad de Roma, Italia y la Universidad de Harvard. Ha ejercido múltiples cargos directivos en el Fondo Monetario Internacional en Washington, DC, incluyendo el de Directora Adjunta del Departamento del Hemisferio Occidental, donde fue responsable de negociaciones con Argentina y Brasil, y Directora del Departamento de Finanzas Públicas. Desde su retiro del FMI en 2009 se ha desempeñado como consultora senior para gran cantidad de instituciones internacionales y gobiernos. Es autora o coautora de numerosas publicaciones sobre macroeconomía y finanzas públicas, incluyendo varios libros.
How to manage fiscal risks from state-owned enterprises
State-owned enterprises have long played a key role among governments as a tool to foster the development of certain industries or protecting certain strategic national interests. However, there is ample empirical evidence that such institutions may have been a source of substantial risks for their government owners, and that such risks have materialized in many cases, with … [Read more...] about How to manage fiscal risks from state-owned enterprises