REFORM / MODERNIZATION OF THE STATE
REFORM / MODERNIZATION OF THE STATE
INSTITUTIONS FOR DEVELOPMENT DEPARTMENT
FIVE THINGS YOU SHOULD KNOW ABOUT REFORM / MODERNIZATION OF THE STATE
  • 1

    We offer solutions to promote fiscal sustainability.

  • 2

    We promote effective, efficient and open governments and security for citizens.

  • 3

    We ensure access to financing in a stable economic environment.

  • 4

    We promote entrepreneurship and innovation

SECTOR FRAMEWORK

Citizen Security and Justice
Our citizen security programs target the most vulnerable populations through best and more efficient practices of community police, justice and prison systems, and better institutional coordination. We strive to help countries to improve their crime and violence data gathering and perform thorough program evaluations.

Fiscal and Policy Management

The Bank’s main goal in the Fiscal Policy and Management sector is to promote fiscal policy management that fosters robust, stable, sustainable, and equitable growth. The principles for work in this sector include: Institutional capacity-building in the public sector, consideration of the multidimensional nature of fiscal policy, recognition of the political economy constraints and dynamics imposed on sector decisions, and adaptation of fiscal policy management recommendations to the heterogeneity of countries.

Transparency and Anti-Corruption

In the last 20 years countries in Latin America and the Caribbean have gradually adopted a set of international agreements to promote institutional and legal reforms to strengthen transparency and integrity. In spite of the advances at the formal level, countries in the region have struggled to enforce legal reforms and controlling corruption, increasing concerns of impunity. This Sector Framework Document explains why the quality of institutions and transparency are essential for democratic governance, the effective provision of public services and the establishment of a transparent business climate to encourage investments and the development of the private sector. The document also describes how public policies can effectively respond to problems of corruption and integrity.

Extractive Industries Sector Framework Document

Latin America and the Caribbean is the world’s leading source of metals and the fourth most important source of hydrocarbons. In this context, the main objective of the Bank’s work in the extractive sector is to help countries to transform this non-renewable capital into sustainable and socially inclusive wealth.  To achieve this goal, the region needs to focus on: (i) strengthening the institutional framework around the extractive activities; (ii) developing coordination mechanisms to align the incentives of the multiple stakeholders along the value chain; (iii) ensuring a coherent framework between its energy, climate and fiscal policy objectives; (iv) efficiently managing public finances in a context of high volatility of commodity prices and depletion of natural resources; and (v) strengthening transparency and integrity in the management of extractive industries. By doing so, the region will ensure a responsible and sustainable use of its extractive resources, while promoting the generation of shared value with local communities.

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