Securing Fiscal Space in the Time of COVID-19: Tax Relief and Tax Expenditures Capacity Building in LAC

The objective of this technical cooperation (TC) is to support LAC governments by strengthening their institutional capacity to implement efficient tax policies in the face of growing fiscal constraints triggered by the Covid-19 pandemic. This TC is designed to support tax authorities in: (i) identifying tax relief and tax expenditures policy challenges in LAC countries; and (ii) seeking solutions to the shrinking fiscal space by helping them close the tax loopholes through sound tax policy advice, in a way that promotes fiscal transparency and sustainability in the region.

Project Detail

Country

Regional

Project Number

RG-T3679

Approval Date

May 20, 2021

Project Status

Implementation

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 350,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 350,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/KR-18608-RG	Sovereign Guaranteed	USD - United States Dollar	Jul. 17, 2025	May. 20, 2021	Public Capacity Building Korea Fund for	Nonreimbursable

Operation Number

ATN/KR-18608-RG

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jul. 17, 2025
Signed Date: May. 20, 2021
Fund: Public Capacity Building Korea Fund for
Financial Instrument: Nonreimbursable

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