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
Access to financial information: a pillar of tax transparency and the fight against fraud
In memory of Francisco Abea Tax administrations, given the nature of their functions, require access to information held by the financial system. Ensuring tax compliance without knowing actual financial flows generates "short-sighted" tax administrations. This motivates them to implement unorthodox procedures to indirectly access information to deploy controls, taxes on … [Read more...] about Access to financial information: a pillar of tax transparency and the fight against fraud
Coronavirus Crisis Communications: 10 Practical Recommendations for Local Governments
The coronavirus pandemic has presented governments with the challenge of implementing public health measures to contain the spread of the epidemic by promoting social distancing, forcing people to work from home, and closing schools, business and events as well as forcing quarantine measures. The actions to contain the epidemic[1] seek to “flatten the curve” related to the … [Read more...] about Coronavirus Crisis Communications: 10 Practical Recommendations for Local Governments