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Provincial Management Strengthening Program
Contribute to provincial fiscal sustainability with a view to fostering growth by improving the management of provincial revenue, expenditure, and public investment, designing Argentina's fiscal federalism, and implementing investment projects. The interaction between strengthening actions and public investment projects will help to:(i) create incentives for improving fiscal management by linking it with project financing; and (ii) ensure that improvements in provincial investment management are implemented.

Project Detail

Country

Argentina

Project Number

AR-O0007

Approval Date

February 27, 2019

Project Status

Implementation

Project Type

Container

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

REFORM / MODERNIZATION OF THE STATE

Lending Instrument

-

Lending Instrument Code

-

Modality

Credit Line

Facility Type

Conditional Credit Line Investment Project (CCLIP)

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 450,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 450,000,000.00

Financial Information

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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-1470197173-48343
Primera Operación Individual bajo la Línea de Crédito Condicional para Proyectos de Inversión (CCLIP) del Programa de Fortalecimiento de la Gestión Pr
Published Mar. 08, 2019
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https://www.iadb.org/document.cfm?id=EZSHARE-1470197173-48344
First Individual Operation under the Conditional Credit Line for Investment Projects (CCLIP) for the Provincial Management Strengthening Program (AR-O
Published Mar. 08, 2019
Download
https://www.iadb.org/document.cfm?id=EZSHARE-1470197173-48345
Conditional Credit Line for Investment Projects (CCLIP) for the Provincial Management Strengthening Program (AR-O0007).pdf
Published Mar. 08, 2019
Download
https://www.iadb.org/document.cfm?id=EZSHARE-1470197173-48346
Línea de Crédito Condicional para Proyectos de Inversión (CCLIP) del Programa de Fortalecimiento de la Gestión Provincial (AR-O0007).pdf
Published Mar. 08, 2019
Download
Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-6580
CCLIP - Programa de Fortalecimiento de la Gestión Provincial.pdf
Published Oct. 03, 2019
Download

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Blogs
Published 2023
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Blogs
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Publications
Published 2022
Research Insights: Do Changes in the Composition of Public Spending Affect the Macroeconomic Consequences of Fiscal Adjustments?
Si bien las consolidaciones fiscales tienden a ser contractivas, el tamaño de la caída del producto depende de la composición de los recortes del gasto público. Una consolidación fiscal del 1% del PIB implementada mediante la reducción de la inversión pública en lugar del consumo público reduce el producto en un 0,7% en un plazo de tres años. En cambio, proteger la inversión pública de los recortes presupuestarios en relación con el consumo público puede neutralizar los efectos contractivos de los ajustes fiscales en el corto plazo, e incluso puede estimular el crecimiento del producto a mediano plazo.
Publications
Published 2021
The Output Effects of Fiscal Consolidations: Does Spending Composition Matter?
This paper studies whether changes in the composition of public spending affect the macroeconomic consequences of fiscal consolidations. Based on a sample of 44 developing countries and 26 advanced economies during 1980-2019, results show that while fiscal consolidations tend to be on average, contractionary, the size of the output fall depends on the behavior of public investment vis-a-vis public consumption during the fiscal adjustment, with heterogeneous responses growing over time. When public investment is penalized relative to public consumption and thus, its share in public expenditures decreases, a 1 percent of GDP consolidation reduces output by 0.7 percent within three years of the fiscal shock. In contrast, safeguarding public investment from budget cuts vis-a-vis public consumption can neutralize the contractionary effects of fiscal adjustments on impact, and can even spur output growth over the medium term. The component of GDP that mostly drives the heterogeneity between both types of adjustments is private investment. The results hold up to a number of robustness tests, including alternative identification strategies of fiscal shocks. The findings have policy implications for the design of fiscal adjustment strategies to protect economic growth as countries recover from the coronavirus pandemic.
Blogs
Published 2023
Instrumentos fiscales para la equidad de género
A través de herramientas de ingresos y gasto público, la política fiscal puede diseñarse para disminuir la desigualdad de género, influenciando el cierre de brechas en la participación laboral y en diferencias salariales y de ingresos entre hombres y mujeres. Con dichos impactos la política fiscal puede, a su vez, contribuir a aumentar el crecimiento económico y disminuir la desigualdad de ingresos y la pobreza.
Blogs
Published 2023
Seis oportunidades para promover la resiliencia y descarbonización a través de la política fiscal
La política fiscal es una herramienta poderosa para poder responder a estos desafíos. Las políticas de gasto, impuestos, inversión pública, endeudamiento y financiamiento pueden contribuir, en su conjunto, a transformar el comportamiento de los distintos actores económicos. Estas políticas también son capaces de brindar mayor resiliencia a la economía y atender los impactos distributivos de la transición, resguardando la sostenibilidad de las finanzas públicas y evitando el surgimiento de activos varados.
Blogs
Published 2023
Fiscal Rules for Commodity-Dependent Economies
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Publications
Published 2022
Allocative Efficiency of Government Spending for Growth in Latin American Countries
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Blogs
Published 2022
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