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The main objective of the Joint Country Financial Accountability Assessment (CFAA) and the Country Procurement Assessment (CPAR) is to contribute to the implementation of Public Sector Modernization Vision and Strategy for 2002-2012 and its Medium Term Socio-Economic Policy Framework. It also...
Persistent link: https://www.econbiz.de/10009193409
finances due to large domestic debts and politically motivated expenditure cycles, underdeveloped financial markets, weak …
Persistent link: https://www.econbiz.de/10010943707
This paper assesses the effects of total public debt (external and domestic) on social expenditure worldwide and in … finding is that higher debt ratios do reduce social expenditures, as popular opinion holds. Debt displaces social expenditures … the adverse consequences of debt on social expenditures. In accordance with popular wisdom, our results indicate that …
Persistent link: https://www.econbiz.de/10010944143
The main objective of the Joint Country Financial Accountability Assessment (CFAA) and the Country Procurement Assessment (CPAR) is to contribute to the implementation of Public Sector Modernization Vision and Strategy for 2002-2012 and its Medium Term Socio-Economic Policy Framework. It also...
Persistent link: https://www.econbiz.de/10010653310
Several European countries face challenges reminiscent of those faced by the emerging economies of Latin America. The economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and then the busts including Sudden Stops in capital...
Persistent link: https://www.econbiz.de/10010943779
In the past decade, parliaments have shown increasing activism in the budget process by demanding more information about the government's performance in managing public resources. Nevertheless, in Latin America and the Caribbean (LAC), parliaments face important challenges, taking an effective...
Persistent link: https://www.econbiz.de/10010711622
The Fiscal Institutions of Tomorrow, the first publication in the series Institutions for People, addresses issues of public management that are key to economic development in Latin America and the Caribbean. It presents the challenges that the countries in the region face to strengthen fiscal...
Persistent link: https://www.econbiz.de/10010895462
The recent financial crisis has initiated pressures for not only policy reform but also fundamental institutional fiscal reforms. This paper explores the connection between economic crises and fiscal institutional reforms in a region that has experienced plenty of both in recent years, namely...
Persistent link: https://www.econbiz.de/10010943892
The template presented in this note is concerned with the evaluation of the sustainability of total government debt, regardless of whether the creditor is a domestic or foreign resident, a public or private entity or the jurisdiction where the debt was issued (in the case of bonded debt). The...
Persistent link: https://www.econbiz.de/10010673224
Las instituciones fiscales del mañana, título inaugural de la serie Instituciones para la gente, aborda temas de gestión pública clave para el desarrollo económico de América Latina y el Caribe. Presenta los desafíos que enfrentan los países de la región para consolidar instituciones...
Persistent link: https://www.econbiz.de/10010895453