Fiscal Policy in the Transition to the New Economy in the wake of COVID-19: Lessons from Korea’s Digital and Green New Deal

The objective of this technical cooperation (TC) is to support LAC governments by knowledge sharing to design and implement a new socio-economic paradigm and relevant fiscal policy to tackle economic and social challenges triggered by the Covid-19 pandemic and promote sustainable growth. This TC is designed to support member country governments i) to identify economic and social policy priority areas and establish an overarching national strategy for post-pandemic recovery; and ii) to implement relevant fiscal policy and tax benefits, and to mobilize public and private investment to promote socio-economic growth and new industries in the wake of the current pandemic.

Project Detail

Country

Regional

Project Number

RG-T3989

Approval Date

November 10, 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 500,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 500,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/KR-18955-RG	Sovereign Guaranteed	USD - United States Dollar	Oct. 9, 2024	Nov. 10, 2021		Nonreimbursable

Operation Number

ATN/KR-18955-RG

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Oct. 9, 2024
Signed Date: Nov. 10, 2021
Fund:
Financial Instrument: Nonreimbursable

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1019249148-16

TC Document

TC Document - Disclosure_30588.pdf

Nov. 11, 2021

English