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
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
Public investment in decarbonization: opportunities and strategies for economic recovery
Beyond the health emergency, the pandemic has dealt a severe blow to the economies of Latin America and the Caribbean. According to the World Economic Outlook report, it is estimated that our region will contract by 9.4% in 2020, which will constitute the worst recession in a long time, even deeper than that caused by the global financial crisis of 2008-09 and the debt crisis … [Read more...] about Public investment in decarbonization: opportunities and strategies for economic recovery
COVID-19 in the Caribbean: The Economic Challenges Ahead
The COVID-19 pandemic caught the world by surprise, causing an unprecedented health emergency. Caribbean countries adopted containment measures to slow the spread of the disease and flatten the curve[1] based on prior experiences and lessons around the world. Actions ranged from limits to social activities and closure of non-essential businesses, to curfew hours and complete … [Read more...] about COVID-19 in the Caribbean: The Economic Challenges Ahead
The strategic role of Ministries of Finance to boost sustainable infrastructure investments
The adoption of the UN Sustainable Development Goals (SDGs) and the Paris Agreement principles on climate change provide a prime opportunity to promote a new form of development in Latin America and the Caribbean (LAC). Public investment in infrastructure and services can play a key role in LAC countries’ efforts to achieve sustainable and inclusive growth. Sustainable … [Read more...] about The strategic role of Ministries of Finance to boost sustainable infrastructure investments