Government and Institutions
- Colombia. Deepening the Fiscal Reform in Colombia II.
- Brazil. Fiscal Management Modernization of the State of Maranhão - PROFISCO II MA.
- Brazil. Fiscal Management Modernization of the State of Pernambuco - PROFISCO II PE.
- Regional. Fiscal Policy based on evidence and use of ¿smart data¿ for the enhancement of equity and efficiency. Aug 11, 2017
- Trinidad and Tobago. Support to Establish an Electronic Payment System for the Government of Trinidad and Tobago. Aug 11, 2017
- Regional. Diagnostics on Digital Government and Development Effectiveness Country Systems. Jul 31, 2017
Suriname received a US$40 million investment loan from the IDB to reduce its budget deficit and improve its fiscal sustainability. Jun 30, 2017
Argentina will implement a public safety program aimed at curbing the robbery and murder rate in high crime incidence areas with an IDB loan. Jun 29, 2017
Tax revenues continue to rise in Latin America in 2015, despite slower economic growth, says Revenue Statistics in Latin America study. Mar 23, 2017
Date: Apr, 2017
This paper evaluates whether fiscal and foreign exchange policy shocks can explain both credit and credit supply in Venezuela. Empirical evidence suggests that between 65 and 90 percent of credit growth is linked to the buildup of banks' deposits caused by the monetary effects of fiscal expansions. For these cases, since credit is provided at equal or reduced interest rates, credit supply takes place. Loan supply can occur either endogenously, when fiscal domestic spending increases with expansionary aggregate supply shocks, or exogenously, when fiscal policy shocks emerge. The role of exogenous fiscal shocks in accounting for credit supply is preponderant in the long run. This evidence suggests fiscal shocks represent a non-conventional bank lending channel. Because this exogenous fiscally-triggered credit supply does not significantly contribute to boosting real activity, its major cost might be associated with high credit volatility.
Date: Apr, 2017
This project seeks to generate a strategy to promote and facilitate the development of a more efficient regional financial market by promoting the harmonization of regulations and seeking to facilitate possible financial integration in Latin America. As a development of the diagnostic stage, the possibility of creating a regional passport for the investment funds was validated as an achievable goal. This proposal has been analyzed and this series of documents include the components that should be included in the development of the mechanism and can be summarized as follows: (i) International experiences in the development of passports for investment funds. (ii) In the institutional framework: given the negotiation and signing of mutual recognition agreements between the supervisory authorities already existing among some of the countries of the region under the MILA. (iii) From the regulatory perspective, it is necessary to reach agreements on: eligibility and solvency of funds, scope of fund issues, availability of information, guarantees, custody, and means of rapid resolution of conflicts.