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
Public Spending
What are the fiscal risks from extreme weather events and how can we deal with them?
Latin America and the Caribbean is one of the world’s most vulnerable regions to the impacts of climate change. This implies great challenges for governments and finance and planning ministries in particular. The World Meteorological Organization (WMO) reports that the impacts of weather-related events, including heatwaves or floods, have claimed more than 312,000 lives in … [Read more...] about What are the fiscal risks from extreme weather events and how can we deal with them?
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
Cost System: A Tool to Improve the Quality of Public Spending
The need to improve the efficiency and effectiveness of public spending in Latin America and the Caribbean has become increasingly urgent, especially during the COVID-19 pandemic, a crisis that has impacted economic activity by, on one hand, reducing public revenues and, on the other, increasing pressure for more services. The crisis is leaving many of our countries with … [Read more...] about Cost System: A Tool to Improve the Quality of Public Spending
Restoring fiscal growth and sustainability: 4 strategic measures implemented by South Korea to face the emergency and the new normal
Despite being one of the countries that had the most COVID-19 cases in early 2020, South Korea managed to control the spread of the outbreak in less than a month, and today it has a mortality rate of 0.2% with a cumulative number of positive cases that is flattening out. Added to this, it managed in a short time to stabilize the economy with an aid package equivalent to 31.2% … [Read more...] about Restoring fiscal growth and sustainability: 4 strategic measures implemented by South Korea to face the emergency and the new normal