Chile will continue to boost public integrity and transparency by strengthening and consolidating its legal framework and the institutional mechanisms for its implementation with a $50 million loan approved by the Inter-American Development Bank (IDB).
This is the first of two consecutive operations under the programmatic policy-based loan modality. This first operation will promote a series of actions aimed at consolidating the right to access public information, strengthening integrity in public administration, and supporting transparency and information-sharing mechanisms associated with fiscal matters and the prevention of money laundering.
The program will encourage measures aimed at simplifying and boosting the effectiveness of mechanisms dealing with the right to access public information in order to ensure it becomes available to wider audiences. To this end, it will improve the legal framework to enhance transparency in the civil service through institutional mechanisms that ensure the implementation of such legislation. These measures will be supported with regulations and policies in line with the Chilean Government’s commitments under the Open Government Partnership aimed at increasing collaboration and citizen participation in public affairs.
The program also contemplates a Data Policy proposal to facilitate access to and crosscutting use of government data and to raise the degree of transparency of budget execution information contained in the Open Budget portal.
With regard to transparency in the use of public resources, it will provide open public access to government procurement data, a measure that is in line with the Open Contracting Data Standard (OCDS).
On public integrity, the program will improve the Lobbying Act Platform dealing with public agenda registration. It is worth noting that the bill will uphold the commitments on diversity and gender contained in Chile’s Fourth and Fifth Open Government National Action Plans.
The program’s beneficiaries will be all persons who interact with Chilean agencies, civil society organizations, public servants, oversight bodies, members of academia, and economic agents and agents subject to financial regulation.
Over the past three decades Chile has developed a robust legal and institutional framework based on solid integrity and transparency principles that are in line with recognized international standards. The reforms include laws, regulations and practices that together constitute deep reforms that were incrementally implemented over time. The current program will complement this cumulative reform process.
The IDB’s $50 million loan is for an 18-year term, with a 5.5-year grace period and interest rate based on LIBOR.
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The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
Jarquin Ramos,Maria Jose
