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
fiscal
Revisiting Personalized VAT: A Tool for Fiscal Consolidation with Equity
The economic contraction tracked by the COVID-19 pandemic has created large fiscal imbalances that will lead Latin American and Caribbean (LAC) governments to pursue fiscal consolidation policies to increase revenues and reduce expenditures. In the tax realm, questions inevitably arise as to the adequacy of tax revenues and the equity of the proposed measures. That calls for … [Read more...] about Revisiting Personalized VAT: A Tool for Fiscal Consolidation with Equity
Participate in the call for research papers on local finances 2019
Are you interested in topics related to subnational government financing? This is your opportunity to present your research work. The Inter-American Development Bank (IDB), the Economic Commission for Latin America and the Caribbean (ECLAC), the Universidad Iberoamericana (UIA) and the Centro de Investigación y Docencia Económicas (CIDE) have launched a call for proposals … [Read more...] about Participate in the call for research papers on local finances 2019
Networks for decentralization and subnational fiscal management: the OECD experience
Member countries of the Organisation for Economic Cooperation and Development (OECD) rely on the use of committees and networks of country delegates as vehicles to promote cooperation and technical dialogue on decentralization and subnational fiscal management (SFM). Since countries in Latin America and the Caribbean face similar challenges, we have invited Sean Dougherty, … [Read more...] about Networks for decentralization and subnational fiscal management: the OECD experience
The institutional trilogy of fiscal discipline
In response to the international crisis of 2008 and the ending of the commodities super cycle (circa 2013), the countries of Latin America reacted with countercyclical policies to tackle the impacts of the global economic downturn. In fact, Latin America’s average fiscal balances deteriorated, from -0.3 percent of GDP in 2006 to -3.6 percent in 2017. Hence fiscal rules (FRs) … [Read more...] about The institutional trilogy of fiscal discipline