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Fiscal risks analysis, ALC monitoring and policy options with inclusive growth
This Technical Cooperation (TC) project aims to evaluate and improve existing tools for macro-fiscal risk analysis in Latin American and Caribbean countries. Additionally, to integrate these tools with fiscal discipline frameworks, such as fiscal rules and councils, and with energy transition strategies to strengthen institutions to contribute to mitigating existing macroeconomic risks and promoting fiscal sustainability. In the aftermath of the COVID-19 crisis, the region's fiscal position deteriorated significantly, four countries defaulted, and most had to abandon the fiscal sustainability paths they were on before the pandemic. In this context, the TC proposes to improve early warning tools so that governments can promptly mitigate the different sources of risk and respond with appropriate policies that will allow them to return to their fiscal consolidation processes. The specific objectives of the TC are: (i) to develop analytical tools for identifying the main macro-fiscal variables that may affect the fiscal sustainability of countries. (ii) To improve the early warning model with accurate information and integrate institutional and climate change indicators that will allow countries to assess current macro-fiscal risks thoroughly. (iii) To promote regional dialogue among countries to share lessons learned and promote best practices in identifying and mitigating risks to fiscal sustainability.

Project Detail

Country

Regional

Project Number

RG-T4055

Approval Date

November 21, 2022

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 Classification

-

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/OC-19672-RG Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-19672-RG
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-262967211-18
TC Document
TC Document - Disclosure_92354.pdf
Nov. 28, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-262967211-17
TC Document
Procurement Plan_57526.pdf
Nov. 28, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-262967211-16
TC Document
Terms of Reference_16804.pdf
Nov. 28, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-262967211-15
TC Document
Results Matrix_33558.pdf
Nov. 28, 2022
English
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-262967211-2
TC Abstract
RG-T4055.pdf
Sep. 07, 2022
English

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