About us

Welcome to the Blog of the IDB’s Fiscal management Division. This is place where we can talk about fiscal policy and management at the national and subnational level in Latin America and the Caribbean. Let’s talk!

Emilio Pineda
Can a wealth tax reduce inequality in Latin America and the Caribbean?

Emilio Pineda serves as Chief of the Fiscal Management Division at the Inter-American Development Bank (IDB) since September 2019. A Mexican citizen, he has a PhD in Political Economy at the University of Columbia, and a bachelor's degree from the Instituto Tecnológico Autónomo de México (ITAM). Between 2003 and 2008 he worked as an economist in the Western Hemisphere Department at the International Monetary Fund (IMF), where he was responsible for conducting monetary, fiscal, and debt analysis for the Caribbean. Between May 2008 and June 2012, he worked at the Secretary of Finance in Mexico, where, among others, he was responsible for the monitoring and regulation of subnational debt, the accounting harmonization of states and municipalities, and the tax regime of public enterprises including the Mexican state-owned petroleum company, PEMEX. Between 2012 and 2019, he was a Principal Fiscal Specialist of the Fiscal Management Division at the IDB, where he led programs to strengthen subnational fiscal management in Brazil, Argentina and Uruguay. He has published numerous articles in the field of decentralization, subnational taxation, subnational debt and state-owned enterprises.

Alberto Barreix
Access to financial information: a pillar of tax transparency and the fight against fraud

Alberto Barreix, Fiscal Principal Leader at the Inter-American Bank (IADB), as leading advisor for tax policy and administration reform projects in several countries of the region. He was a lecturer on Public Finance in Open Economies at the John F. Kennedy School of Government and the Deputy Director of the Program on Revenue Forecasting at Harvard University. Previously, Mr. Barreix headed the Department of Fiscal Policy and Statistics at the Ministry of Finance (Internal Revenue Service) of Uruguay. He holds a M.P.A. and a Ph.D. from Harvard University.

Alejandro Rasteletti
Can a wealth tax reduce inequality in Latin America and the Caribbean?

Senior Specialist at the IDB's Fiscal Management Division in Colombia. His work focuses on macro-fiscal issues and tax policy. Previously, Alejandro served as a consultant in the World Bank's research department, as an IDB country economist for Uruguay, and as an IDB fiscal specialist for Mexico. In the academic field, he has taught various economics courses at the University of Maryland, at the ORT University of Uruguay, and at the Autonomous Institute of Mexico. He has a doctorate in economics from the University of Maryland, a master's in economics from CEMA University (Argentina) and a degree in economics from the National University of Rosario (Argentina).

Ana Cristina Calderón Ramírez
Restoring fiscal growth and sustainability: 4 strategic measures implemented by South Korea to face the emergency and the new normal

Ana Cristina Calderón R is a sector specialist in public procurement at the IDB's fiscal division. She is an expert on issues relating to public management compliance assessments, aid effectiveness and the modernization of public procurement systems in Latin America and the Caribbean. She Holds a PhD from the Maastricht University, school of Government (UNU-MERIT) and MSc in Social Policy and Development from London School of Economics. She has also completed studies on Economic and Foreign Policy at American University in Washington DC and on the use of data analysis for strategic communication from the Harvard Kennedy School of Government.

Ana Lucía Paiva Dezolt
“Building blocks” to build successful public-private partnerships

Ana Lucía Paiva Dezolt é especialista na Divisão de Gestão Fiscal do BID no Brasil desde 1994. Atualmente, é responsável pela supervisão de projetos de modernização da gestão fiscal nos estados brasileiros. Ela também trabalha transversalmente em questões fiscais e municipais, além de ser certificada em aquisições, sendo no Brasil a interlocutora setorial do governo brasileiro em compras. Ela é membro do grupo de análise de PPP e do grupo de reengenharia de processos do Banco. Publicou documentos sobre finanças públicas e gerenciamento de desempenho. Foi professora de Relações Econômicas Internacionais no Instituto Rio Branco / Ministério das Relações Exteriores e consultora da série de políticas fiscais da Comissão Econômica para a América Latina e o Caribe / CEPAL, realizada em conjunto com o Instituto de Pesquisa Econômica Aplicada / IPEA (1989 / 1994). É economista formada pela Universidade de Brasília - UnB, pós-graduada em Psicologia pelo Centro de Estudos da Universidade de Brasília - UNICEUB, com mestrado pendente em economia pela UNB e experiência em avaliação e gerenciamento de projetos (BID).

Andrés Muñoz
Four Reform Opportunities to Strengthen Subnational Finances in the Post-pandemic Era

Andrés Muñoz is an economist from the Universidad de los Andes and holds a master's degree and a doctorate in Public Administration from New York University (NYU). He currently works as a Senior Fiscal Specialist in the IDB's Fiscal Management Division, and in the past he served as a researcher and teaching assistant in public finance and democratic governance at NYU, and as a consultant to the United Nations Development Program ( UNDP) and the Bogotá District Finance Secretariat. His areas of expertise include decentralization, local public finance, and financing urban development. He has experience in the design and execution of fiscal and urban development projects in various Latin American countries, and has conducted research on fiscal decentralization, property taxation, equalization transfers, and sub-national capital markets in this region.

Axel Radics
Four Reform Opportunities to Strengthen Subnational Finances in the Post-pandemic Era

Senior Specialist in the IDB's Fiscal Management Division at headquarters, from where he coordinates the decentralization cluster and subnational governments. Previously, he worked as a Specialist in the Representations of Uruguay, Paraguay and Peru, and worked in the Office of Monitoring and Evaluation. In the Argentine National Government, he coordinated the “Cristal” fiscal transparency program and the Electronic Government initiative of the Head of Cabinet of Ministers, and was a researcher at CIPPEC and CEDI. Axel is an Economist from the Universidad de San Andrés in Argentina, MPP from the Harvard School of Government and a Doctor in Public Policy from the University of Maryland, College Park.

Carlos Pimenta
Financial management operations under the COVID-19 pandemic: The Korean Experience

Carlos Pimenta is a Principal Specialist in the IDB's Fiscal Management Division. He has more than 25 years of experience in matters of modernization of public management, including 8 years in the Government in Brazil, 5 in private consultancies and 13 in the IDB, where he led public management reform projects in more than 10 countries of Latin America and the Caribbean. During the 90s in Brazil he held the positions of Executive Secretary of the Council for State Reform, National Secretary in the Ministry of Administration and State Reform, President of the National School of Public Administration, and Vice-minister of Labor and of the Public administration. He has degrees in public administration and a master's in public management from the Getulio Vargas Foundation in Brazil. Currently he concentrates his work mainly in the areas of public financial management.

Carola Pessino
Can a wealth tax reduce inequality in Latin America and the Caribbean?

Chief Economist of the IDB's Fiscal Management Division. She is currently in charge of coordinating knowledge in fiscal policy and management and has led and collaborated in various fiscal strengthening programs in countries in the region. She holds Master in Economics from CEMA University and a Master and Ph.D in Economics from the University of Chicago. She was Secretary of Fiscal Equity (Deputy Chief of Staff) of the Head of the Cabinet of Ministers in Argentina and member of the Economic Council of Advisers to the Minister of Finance of Argentina between 1996 and 1999. During her tenure in government, she designed important projects such as partnership federal tax system and the design, implementation and management of the first integrated information system for fiscal and social purposes (SINTyS) in Latin America of which she was General Coordinator. She was director of the Department of Economics at the CEMA University; Professor and director of the Center for Poverty Studies of the Torcuato Di Tella University; Professor at Duke University and Visiting Fellow at Yale University and the Center for Global Development. She is the author of dozens of academic papers on tax issues, both on public spending and national and sub-national taxation; in labor and social economy; and in fiscal equity, especially in Latin America, and is co-editor of the IDB flagship publication Better Spending for Better Lives.

Edna Armendáriz

Edna Armendáriz es Economista Líder de la División de Gestión Fiscal del Banco Interamericano de Desarrollo (BID). Actualmente está a cargo de la coordinación técnica del programa operativo en política y gestión fiscal. Ha diseñado programas de reforma fiscal en varios países de América Latina, especialmente en temas macro-fiscales y el gasto en inversión pública. Anteriormente se desempeñó como Economista Senior para Guatemala, Perú y Guyana en los Departamentos de Países. Antes de unirse al BID, trabajó en la Oficina de Evaluación Independiente del FMI y la Secretaría de Hacienda y Crédito Público en México. Cuenta con una Maestría en Estudios de Desarrollo y un Doctorado en Economía Internacional de la Universidad de Cambridge, Inglaterra. Su investigación se enfoca principalmente en temas macro-fiscales e inversión pública.

Gerardo Reyes-Tagle
Winds of Change: An Opportunity to Reform Tax Administration in the Caribbean

Gerardo Reyes-Tagle is a Lead Fiscal Economist in the IDB's Fiscal Management Division. He has more than 15 years of experience working on issues related to fiscal policy and tax administration, the quality of spending and debt sustainability. Over the years, Gerardo has led the high-level policy dialogue (for example, fiscal policy reforms, fiscal consolidation programs, debt restructuring, institutional capacity building, etc.), key technical assistance, work in the sector economic and financial operations across the spectrum of public finance in Latin America. He has directed and coordinated programs, analytical studies, and technical assistance with the IMF and the World Bank, among other multilateral organizations. Lately, he has focused on the analysis of fiscal risks that may pose threats to fiscal sustainability in the Latin American region, including those related to macroeconomic fluctuations, natural disasters, public companies, exchange rate fluctuations and interest rates, public-private partnerships, etc. It has provided technical assistance in establishing risk units within ministries of finance to help strengthen the identification and mitigation of fiscal risks. Before joining the IDB, Gerardo worked at the Energy Regulatory Commission and the Ministry of Finance in Mexico. He did his Master in Public Policy and Ph.D. in economics studies at Georgetown University and George Washington University in Washington, DC.

Huáscar Eguino
Public investment in decarbonization: opportunities and strategies for economic recovery

Huáscar Eguino is a Leading Specialist in Fiscal Management at the IDB. He is an economist specialized in fiscal management of subnational governments, fiscal decentralization, management of public investment, and financing of territorial entities. He has over 20 years of experience in the IDB, having worked in 17 countries in the Latin American region and provided direct advice to more than 75 subnational governments. Currently, his work focuses on the management of public investment and the strengthening of subnational fiscal management. He holds a Master’s degree in Local and Regional Development from the Institute of Social Studies (ISS, Netherlands) and has postgraduate studies at the Massachusetts Institute of Technology, Harvard University, University of Pennsylvania, and Universidad de los Andes.

José Larios

José I. Larios es Especialista Fiscal Líder de la División de Gestión Fiscal del BID. Cuenta con más de 20 años de experiencia en temas de reforma fiscal, descentralización fiscal y finanzas municipales. Ha participado en proyectos de reforma y modernización fiscal, descentralización fiscal, finanzas municipales e introducción de soluciones tecnológicas en la gestión de finanzas públicas. Antes de unirse al BID participo y lideró equipos que modernizaron los Ministerios de Hacienda en Guatemala, El Salvador, Moldova, Kosovo, y de las Municipalidades de San Salvador, El Salvador, Municipalidades del Estado de California, Albania, Macedonia, entre otros. Es economista por la Universidad de California, Berkeley, e hizo estudios de Maestría en Economía Aplicada en San Francisco State University y de Administración Publica en la Kennedy School of Government de la Universidad de Harvard.

Juan Luis Gomez Reino

Juan Luis Gomez Reino es Especialista Líder de la División de Gestión Fiscal del BID para Argentina, Chile y Uruguay. Anteriormente basado en Quito, fue responsable de la cartera de operaciones de la División Fiscal en Ecuador y Bolivia, donde ha generado innovadores programas de apoyo, los primeros de su clase, en Asociaciones Público-Privadas y reforma de Empresas Públicas, además de préstamos de políticas en apoyo a reformas fiscales estructurales. Previo a su llegada al BID, Juan Luis fue Especialista Principal de Sector Público en el Banco Asiático de Desarrollo y Economista del Programa de Naciones Unidas para el Desarrollo. Ha liderado el diseño e implementación de programas de reforma en política fiscal, finanzas municipales y descentralización en Latinoamérica y Asia, y el desarrollo de marcos normativos e institucionales para la generación de proyectos bajo la modalidad de asociación público-privada.

Leslie Harper
Public Procurement: A Journey Towards the Digital Frontier

Leslie Harper es Coordinadora del tema de Modernización de Compras Públicas para el Departamento de Instituciones para el Desarrollo del BID. Con más de 20 años de experiencia en el sector, se encuentra actualmente desarrollando préstamos de inversión y de políticas, así como también programas de cooperación técnica, particularmente en el área de modernización y fortalecimiento de compras públicas. Además es jefa de equipo del proyecto DataGov, una herramienta web desarrollada por el BID que contiene la mayoría de los indicadores de gobernabilidad públicamente disponibles. Fue miembro del grupo de trabajo de la OCDE sobre contratación pública y ha sido autora y coautora de varias publicaciones relacionadas a las contrataciones públicas, incluyendo el paper ganador al primer puesto del Public Procurement Journal en 2016. Antes de ingresar al BID, ella trabajó dos años en una municipalidad Chilena con el programa de fortalecimiento de gobiernos locales con el Cuerpo de Paz. Tiene una licenciatura del Elliott School of International Affairs del George Washington University y una Maestría en Estudios Latinoamericanos de la Universidad de Londres. También realizó estudios de gestión financiera pública en el Kennedy School of Government de Harvard University.

Maria Cristina Mac Dowell
Cost System: A Tool to Improve the Quality of Public Spending

Especialista Líder de la División de Gestión Fiscal, donde ha dirigido varios programas y asistencia técnica en gestión fiscal en Brasil. Tiene amplia experiencia en temas relacionados con política y gestión fiscal, descentralización fiscal, finanzas subnacionales y calidad del gasto público, con diversas publicaciones. Es investigadora licenciada en el Instituto de Investigación Económica Aplicada (IPEA) del Gobierno de Brasil y actuó como Directora General de la Escuela de Administración de Empresas (ESAF) del Ministerio de Economía de Brasil. Fue profesora en cursos de pregrado y posgrado en economía y se desempeñó como consultora del Banco Mundial, la Organización Internacional del Trabajo (OIT) y el Programa de las Naciones Unidas para el Desarrollo (PNUD). Tiene una Maestría en Economía de la Universidad Federal de Pernambuco y un Doctorado en Economía de la Universidad de Brasilia.

Martín Ardanaz

Martín Ardanaz es Especialista en Gestión Fiscal del Sector de Instituciones para el Desarrollo del Banco Interamericano de Desarrollo (BID), con sede en Costa Rica. Su área de expertise incluye la economía política de las finanzas públicas en países en desarrollo. Actualmente analiza los determinantes del desempeño fiscal y la eficiencia del gasto público en América Latina y el Caribe, tanto a nivel nacional como subnacional. Ha publicado artículos y capítulos en publicaciones tales como World Development, Review of Public Economics, Constituional Political Economy y Oxford Handbook of Latin American Economics, entre otras.

Oscar Valencia
Latin American and Caribbean countries must adopt a pro-growth fiscal strategy to avoid falling into a debt trap

Óscar Valencia is a Lead Specialist in the IDB's Fiscal Division. Prior to this, Óscar was General Director of Macroeconomic Policy at the Colombian Ministry of Finance. He has served as technical secretary of the Independent Committee for Fiscal Rule in Colombia and as a member of several boards of directors in Colombian companies such as Colpensiones (The Colombian public pension system) and Coljuegos (The Colombian regulator of games of chance). He has also served as Acting Director of Fogafin (The Guarantee Fund for Financial Institutions). He also worked as a researcher at the Banco de la República and the Colombian National Planning Department. Prior to that, he was a consultant in the IDB's Research Department. His research agenda focuses on fiscal policy and macroeconomics mainly in emerging economies. He has published in different academic publications on topics related to macroeconomic policy. He holds a Ph.D. in Economics with honors from the Toulouse School of Economics (TSE), a Master's in Mathematical Economics from the same university and a Bachelor's and Master's in Economics, with honors, from the National University of Colombia.

Patricia Goes Bakaj
“Building blocks” to build successful public-private partnerships

Especialista Sénior de la División de Gestión Fiscal del BID en Brasil. Se desempeña en proyectos para la modernización e integración de la gestión fiscal de los estados brasileños. Previamente trabajó como Subsecretaria en la Secretaría de Asuntos Internacionales del Ministerio de Planificación, encargada de la relación con organismos internacionales y coordinación de la cartera de proyectos financiados con recursos externos. Es egresada de la Facultad de Ciencias Políticas y Relaciones Internacionales de la Universidad de Brasilia, donde también estudió Derecho. Especialización en Negociaciones Económicas Internacionales en el Institut d'Administration Publique y entrenamiento ejecutivo en la Harvard Business School.

Rodrigo Suescun
Financial management operations under the COVID-19 pandemic: The Korean Experience

Rodrigo Suescun is a Principal Specialist in the IDB's Fiscal Management Division in Washington, DC. Previously, he represented the Colombian government before the Board of the World Bank and has held various positions as Technical Vice Minister of the Ministry of Finance and Public Credit, Professor and Director of the Doctorate Program in Economics at the University of Los Andes and Researcher at the Office of the Chief Economist for Latin America from the World Bank. He also worked for several years at the Banco de la República, Banco Central de Colombia, as a researcher and later as Director of the Department of Monetary and Financial Affairs. He is a graduate of the Faculty of Economics of the Universidad de los Andes and later obtained the degrees of M.A. and Ph.D. in Economics from the University of Pennsylvania, Philadelphia.