Amid the unprecedented challenges unleashed by the COVID-19 pandemic worldwide, Latin America and the Caribbean (LAC) faced a pressing need: have intelligent tools to anticipate and manage risks threatening the economic and fiscal stability of the region. In response to this need, FISLAC (Fiscal Sustainability for Latin American and Caribbean Countries) was born, an … [Read more...] about First Year of FISLAC: Transforming Fiscal Sustainability in Latin America and the Caribbean
The Development of Treasury Bond Market Programs in Fragile Countries: The Case of Haiti
Treasury bond markets play a pivotal role in the economic development and fiscal management of fragile countries, as they allow governments to secure funds from both the public and institutional investors, reducing the pressure on governments to print out money to finance their budgets. This means treasury bond markets can contribute to more stable economies, reducing the risk … [Read more...] about The Development of Treasury Bond Market Programs in Fragile Countries: The Case of Haiti
New Index Helps Governments Design Better Escape Clauses to Bridge Fiscal Rigidity with Crisis Adaptability
In recent years, the global economic landscape has been marked by unprecedented upheavals, including the Global Financial Crisis, the disruptions caused by the COVID-19 pandemic, and, more recently, geopolitical tensions. These crises have tested the resilience of fiscal frameworks, highlighting the pressing need for greater adaptability to navigate unforeseen challenges … [Read more...] about New Index Helps Governments Design Better Escape Clauses to Bridge Fiscal Rigidity with Crisis Adaptability
Should Latin America and the Caribbean Countries Cut Taxes on Corporate Profits to Stimulate Investment and Growth?
Latin America and the Caribbean (LAC) suffers from chronically low rates of investment, which hurts economic growth. Since high taxes on corporations disincentivize firms´ investments, an important policy question is whether the region should reduce taxation on corporate profits. A first step in answering this question is to analyze how high the tax burden is on corporate … [Read more...] about Should Latin America and the Caribbean Countries Cut Taxes on Corporate Profits to Stimulate Investment and Growth?
Economy and finance ministries in the face of climate change: 7 advancements in the green fiscal agenda
There is no turning back now, the ministries of economy and finance are at the heart of climate action. These ministries are crucial in the fight against climate change, as both the goals of decarbonization and those of resilience and biodiversity protection demand strategic actions that require their unique management, leadership, and coordination abilities. What are … [Read more...] about Economy and finance ministries in the face of climate change: 7 advancements in the green fiscal agenda