Macroeconomic and fiscal policy is at the brink of a transformative shift due to the integration of artificial intelligence (AI), which is poised to revolutionize fiscal governance and policy formulation in Latin America and the Caribbean (LAC). The technology’s potential to enhance the precision of economic forecasts, optimize budget allocations, and streamline tax … [Read more...] about Leveraging AI to Transform Macroeconomic and Fiscal Policymaking in Latin America and the Caribbean
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From Data to Action: Learn How Latin American and Caribbean Governments Are Pursuing Better Governance
Latin America and the Caribbean are at a crossroads of environmental sustainability and inclusive development - and public governance plays a critical role in a fair green transition, especially given existing inequalities, limited fiscal capacity, and deteriorating public trust. How are public administrations in our region performing in these and other crucial areas for our … [Read more...] about From Data to Action: Learn How Latin American and Caribbean Governments Are Pursuing Better Governance
Women-Owned Business Certification Programs “Sello Empresa Mujer”: An Effective Tool to Promote Women’s Participation in Public Procurement
Public procurement accounts for around 13-20% of global GDP, so it has the potential to be an important tool for governments to promote gender equality. Women-led businesses are currently underrepresented in public procurement awards. It is estimated that less than one percent of the $10 trillion spent annually on global public procurement is awarded to women-owned … [Read more...] about Women-Owned Business Certification Programs “Sello Empresa Mujer”: An Effective Tool to Promote Women’s Participation in Public Procurement
Aligning Public Investments with Sustainable and Climate Goals
Increasing disaster risks in developing countries call for strategic planning and investments in resilient and low-carbon infrastructure. The tsunami that caused extensive destruction and loss of life in Tonga in January 2022 stressed the vulnerability of developing countries, especially small island developing states, to disasters triggered by natural hazards, such as … [Read more...] about Aligning Public Investments with Sustainable and Climate Goals
Data: The Main Ingredient in Public Procurement 4.0
The scene repeats itself over and over again. The end of the month arrives and you ask yourself: “How did I spend my salary so quickly? How do I make it last? What am I investing in?” If you could have all this information in one place, would you be interested in accessing it? The same thing happens to governments. They try to achieve efficient spending while at the same … [Read more...] about Data: The Main Ingredient in Public Procurement 4.0