Tax Revenues in LAC Take a Historic Hit Before Showing Early Signs of Recovery

April 27, 2022
Tax revenues in Latin America and the Caribbean (LAC) fell by 8.0 percent on average in nominal terms and by 0.8 percent as a share of GDP in 2020 because of the COVID-19 pandemic, according to a new report released today. However, the region’s economic recovery and a rebound in commodity prices supported a recovery in tax revenues in 2021.
2022-04-27

Fiscal policies against climate change can help create 15 million jobs

July 12, 2021
Finance and planning ministries play a central role in promoting fiscal policies that generate more and better jobs with the transition to green economies Adequate fiscal planning would help the decarbonization of the region's economies create 15 million net new jobs by 2030 A new Inter-American Development Bank (IDB) study, "
2021-07-12

New Toolkit to Boost Value Added Taxes on E-commerce in Latin America and the Caribbean

June 23, 2021
The surge in e-commerce following the COVID-19 outbreak has emphasised the importance of applying Value Added Tax (VAT) effectively to digital trade.  A new toolkit released today offers timely and valuable assistance to tax authorities in the Latin America and the Caribbean region for the effective collection of VAT revenues from e-commerce activities.
2021-06-23

Tax revenues in Latin America and the Caribbean rose modestly before COVID-19 crisis

April 22, 2021
Tax revenues rose moderately across Latin America and the Caribbean (LAC) in 2019 before declining sharply in 2020 as the COVID-19 pandemic drove down global economic activity, according to new analysis released today.
2021-04-22

IDB addresses how to use public policy to mitigate social risk brought on by the pandemic

March 23, 2021
The annual report on Central America, Haiti, Mexico, Panama and the Dominican Republic offers proposals on how to prevent inequality and social discontent in the region from rising. The COVID-19 crisis could erase social progress achieved in Central America, specifically in reduction of poverty and inequality, and also have a disproportionate effect on people who are the most vulnerable.
2021-03-23

IDB and IDB Invest Gain Board Support on Vision 2025 and Path Toward Capitalization

March 21, 2021
IDB President Mauricio Claver-Carone details “Vision 2025,” as Bank’s agenda focuses on recovery and sustainable growth for region at first Annual Meeting in two years.  Board of Governors approves resolution on recapitalization discussions, supports “Vision 2025.” BARRANQUILLA, Colombia – The Inter-American Development Bank's Board of Governors approved a resolution authorizing the analytic work required to consider a potential capital increase, and overwhelmingly supported the IDB’s “
2021-03-21

The IDB & The GovLab launch Smarter Crowdsourcing in the Age of Coronavirus

July 07, 2020
The Smarter Crowdsourcing initiative brings together a network of public leaders and global experts to address the challenges of managing a pandemic in Latin America and the Caribbean. Brooklyn, NY – The Inter-American Development Bank (IDB) together with The Governance Lab (The GovLab) at New York University Tandon School of Engineering, today launched “Smarter Crowdsourcing in the Age of Coronavirus.” This rapid policy advising initiative convenes pu
2020-07-07

Latin America and Caribbean: Tax revenue under threat amid deteriorating regional outlook

May 05, 2020
Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published today. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the COVID-19 pandemic and the global economic crisis.
2020-05-07

IDB Group announces priority support areas for countries affected by COVID-19

March 25, 2020
The Group will finance a response to the public health emergency; safety nets for vulnerable populations; economic productivity and employment; and fiscal policies to ameliorate economic impacts. The Inter-American Development Bank and IDB Invest have outlined their focus for deploying the financial and technical resources made available to borrowing member countries and companies to address the crisis created by COVID-19, the disease caused by the coronavirus.
2020-03-26

IDB-OECD study calls for better governance, integrity in Latin America and Caribbean

March 18, 2020
Latin America and the Caribbean (LAC) need to strengthen governance and integrity mechanisms to improve the quality and implementation of public policies, reduce corruption and increase public trust in government, according to the third edition of Government at a Glance: Latin America and the Caribbean 2020.
2020-03-18