Skip to main content
Strengthening the Quality of Public Expenditure and Fiscal Equity in Colombia
The objective of this technical cooperation (TC) is to support the National Planning Department of the Government of Colombia in its efforts to improve the quality of public spending and strengthen fiscal equity, in order to meet the economic and social emergency caused by the COVID-19. This will be achieved by supporting the design and implementation of a strategy to rebuild economic activity and recompose the fiscal situation for the post-pandemic period. This strategy will focus on improving the quality of public spending and strengthening fiscal equity.

Project Detail

Country

Colombia

Project Number

CO-T1577

Approval Date

June 11, 2020

Project Status

Closed

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

PUBLIC EXPENDITURE MANAGEMENT

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

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

Total Cost

USD 100,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 100,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-18038-CO Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-18038-CO
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-311869924-21
Documento de CT - Divulgacion_37101.pdf
Published Jul. 20, 2021
Download
Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-311869924-19
Terminos de Referencia_58386.pdf
Published Jul. 20, 2021
Download
https://www.iadb.org/document.cfm?id=EZSHARE-311869924-20
Plan de Adquisiciones_35634.pdf
Published Jul. 20, 2021
Download
https://www.iadb.org/document.cfm?id=EZSHARE-311869924-17
Solicitud del Cliente_50891.pdf
Published Jul. 20, 2021
Download
https://www.iadb.org/document.cfm?id=EZSHARE-311869924-18
Matriz de Resultados_95752.pdf
Published Jul. 20, 2021
Download
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-311869924-16
CO-T1577.pdf
Published Feb. 08, 2022
Download

Have an Environmental or Social issue related to IDB projects? File a Complaint

Blogs
Published 2023
Fiscal Fatigue in Latin America and the Caribbean: A Growing Threat
During the COVID-19 pandemic, governments in Latin America and the Caribbean spent generously to support families, firms and banks, helping to ease the economic pain but also pushing public debt well above historic levels. Those levels of debt, which stood at 72% of GDP across the region in 2020, create substantial strain on countries in
Publications
Published 2022
Alcohol, Drug Use, and Road Traffic Injuries: A Multi-site Collaborative Study of Emergency Departments in the Dominican Republic and Peru
The objectives of this study are to report demographic and substanceuse characteristics and risk of road traffic injury from alcohol use, cannabis use, and combined use in a sample of emergency department patients from two countries in Latin America and the Caribbean: the Dominican Republic and Peru.
Courses
Published 2024
Economia do Comportamento para Melhores Políticas Públicas
Prazo de inscrição: 27 de Agosto, 2024Nos últimos anos, cada vez mais governos e formuladores de políticas têm percebido que, para serem verdadeiramente bem-sucedidas, as políticas públicas devem considerar a forma como os indivíduos se comportam e tomam decisões. Com essa premissa, este curso se propõe a ensinar os conceitos fundamentais da economia do comportamento e como estes diferem da visão do modelo econômico tradicional. O curso também introduz ferramentas que podem ajudar a promover a tomada de melhores decisões e apresenta casos reais de intervenções em que esses “empurrões” foram usados para aprimorar as políticas públicas em países da América Latina e de outras partes do mundo.
Blogs
Published 2023
Preparing the Macroeconomic Terrain for Renewed Growth
Since 2020, the economies of the world have been hit by a series of severe shocks, most dramatically the COVID-19 pandemic and the Russian invasion of Ukraine. As a result, after growing around 3.9% last year, Latin America and the Caribbean region now faces considerably lower growth projections for 2023, with private forecasters predicting growth
Blogs
Published 2023
Better Public Policies to Combat Pandemics
After the economic losses, unemployment and mass death of the COVID-19 pandemic, the question of how to effectively manage lockdowns has to be answered. Many experts believe another pandemic is inevitable. If that is true, we have to be ready with empirically tested policies that can maximize economic welfare while preserving life to the maximum
Blogs
Published 2023
Confronting the Economic Effects of Climate Change in Latin America and the Caribbean
Searing temperatures; rising sea levels. Rainfall, drought, and hurricanes that grow more threatening and intense. With the last seven years registering the hottest temperatures in recorded history, Latin America and the Caribbean not only faces the direct effects of climate change. It confronts a host of indirect economic effects potentially made worse by development challenges,
Blogs
Published 2023
¿Cómo incorporar la perspectiva plurianual a la política fiscal a través de los marcos de mediano plazo?
En este blog explicamos cómo funcionan los Marcos de Mediano Plazo (MMP), sus principales ventajas y cuáles son las mejores prácticas a la luz de la experiencia internacional.
Blogs
Published 2023
Headwinds facing the post-pandemic recovery in the Caribbean
After two tumultuous years, 2023 remains characterized by headwinds facing countries across the world. Our previous publications have highlighted the unprecedented nature of the COVID-19 shock to economies across the Caribbean region, particularly given its extreme dependence on external demand for resources, tourism, and finance. Just as the pandemic’s effects began to dissipate in 2021,
Blogs
Published 2023
Fiscal Rules for Commodity-Dependent Economies
In recent decades, numerous governments in Latin America and the Caribbean have adopted fiscal rules, which try to enforce fiscal discipline on governments and stop them from pro-cyclical spending, which involves spending too much when times are good and taking the ax to spending when times are bad. Pro-cyclical policies have been a historical trend
Publications
Published 2021
Fiscal Rules and Public Investment: The Case of Peru, 2000-2019
This article has three goals. First, it describes the genesis of fiscal rules in Peru and its degree of compliance. Second, it estimates the effect of fiscal rules adoption on public investment. Last, it analyzes the impact of alternative fiscal rules on public investment and public debt sustainability. Our main results are as follows. First, the implementation of fiscal rules in the year 2000 caused a 60 to 80 percent fall in public investment relative to several counterfactuals. Second, our DSGE model suggests a Structural Fiscal Rule would have increased the consumers welfare in the period 2000-2019 more than other fiscal designs. This rule reduces the procyclicality of public investment under commodity price shocks and macroeconomic volatility under world interest rate shocks. Third, a Structural Fiscal Rule has the lowest probability of exceeding the current public debt limit (30 percent of GDP), although there is a trade-off between investment-friendly rules and fiscal sustainability issues. Nevertheless, our quantitative results are limited to short spans of analysis. With a long-run perspective, we may say that fiscal rulesdespite constant modifications and recurring non-compliancehave fulfilled their original and most important goal of achieving the consolidation of public finances.
Powered by FindIT
Jump back to top