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Organizational and Technological Innovation of Public Investment in Trinidad and Tobago
The objective of the TC is to increase management and spending efficiency of the public investment cycle in Trinidad and Tobago.

Project Detail

Country

Trinidad and Tobago

Project Number

TT-T1144

Approval Date

November 16, 2023

Project Status

Implementation

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

PUBLIC EXPENDITURE MANAGEMENT

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

-

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-20443-TT Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-20443-TT
  • 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=EZIDB0000513-1036601018-23
TC Document.pdf
Published Nov. 16, 2023
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Other Documents
https://www.iadb.org/document.cfm?id=EZIDB0000513-1036601018-20
Terms of Reference_47578.pdf
Published Nov. 16, 2023
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https://www.iadb.org/document.cfm?id=EZIDB0000513-1036601018-21
Procurement Plan_64515.pdf
Published Nov. 16, 2023
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https://www.iadb.org/document.cfm?id=EZIDB0000513-1036601018-18
Request from the Client_40414.pdf
Published Nov. 16, 2023
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https://www.iadb.org/document.cfm?id=EZIDB0000513-1036601018-19
Results Matrix_6864.pdf
Published Nov. 16, 2023
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Preparation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000513-1036601018-2
TT-T1144.pdf
Published Jul. 20, 2023
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Publications
Published 2019
AGTECH: Mapa de inovação Agtech na América Latina e no Caribe (Resumo executivo)
Esta publicação continua os esforços do Grupo BID de aprofundar o conhecimento sobre o que está ocorrendo no torno do mundo de tecnología agrícola (Agtech) na América Latina e no Caribe. Este estudo busca ilustrar a evolução do setor, aprofundar o conhecimento em torno das novas tecnologias e seu potencial impacto no futuro. O estudo destaca 10 empreendimentos, e oferece um aprofundamento sobre os temas: i) que tipo de inovação compõe o ecossistema Agtech na região, ii) que tipo de tecnologias são as mais utilizadas atualmente; iii) a função das mulheres no ecossistema de inovação Agtech, iv) a funcão das corporações do agronegócio. Para ler a publicação completa em inglês ou espanhol, visite; https://publications.iadb.org/es/agtech-mapa-de-la-innovacion-agtech-en-america-latina-y-el-caribe
Blogs
Published 2019
Cinco hallazgos sobre la situación del gasto en inversión pública de América Latina
En América Latina (AL), hablar del gasto en inversión pública se vuelve cada vez más relevante. En el contexto actual, de menores perspectivas de crecimiento económico y menores recursos fiscales, proteger el gasto en inversión pública (y su gestión eficiente) podría ser clave para revitalizar el crecimiento económico, reducir desigualdades de ingreso y apostar a
Publications
Published 2021
Política fiscal y cambio climático: experiencias recientes de los ministerios de finanzas de América Latina y el Caribe
Esta publicación presenta un conjunto de experiencias recientes de ministerios de finanzas de la región de América Latina y el Caribe en tres áreas de intervención donde convergen los temas de cambio climático y las responsabilidades de estos ministerios. Así mismo, la publicación aporta elementos para que el diseño de las políticas fiscales coadyuve a un crecimiento sostenible. Las tres áreas donde las intervenciones de los ministerios de finanzas resultan cruciales son: 1) la gestión de los riesgos económicos, fiscales y financieros asociados a los eventos climáticos extremos y al cambio climático; 2) los desafíos de la transición hacia economías bajas en emisiones de carbono, y 3) la reorientación de las finanzas públicas para que contribuyan a los objetivos nacionales de resiliencia y descarbonización. La publicación también muestra que, aunque los riesgos y desafíos de la transición hacia economías verdes son reales, existe gran cantidad de evidencia que indica que, si dicha transición se planifica e implementa adecuadamente, es posible generar nuevas oportunidades económicas a la vez que se crean más y mejores empleos.
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.
Publications
Published 2021
Managing Megaprojects: Conceptual Framework and International Experience
The discussion paper analyzes international experience in megaproject management, identifying problems and delivery performance. The most important distortions are optimism bias and strategic misrepresentation. it explores the approaches of Norway and the United Kingdom. Both countries have strengthened the robustness of planning and appraisal for megaprojects and have established specific methods and institutional arrangements for these projects to strengthen governance and transparency. Finally, some lessons are put forward that could help other countries, especially in Latin America, when embarking on megaprojects.
Blogs
Published 2022
Why Don’t Voters Demand More Public Investment?
For decades economists have warned that low levels of public investment in education, health, infrastructure, and security would weaken a country’s economic growth and delay its social development. Unfortunately, that describes many Latin American and Caribbean countries. From 1980 to 2016, public investment in the region grew by almost 10 percentage points slower than in
Blogs
Published 2022
¿Por qué el electorado no exige más inversión pública?
Durante décadas los economistas han advertido que un bajo nivel de inversión pública en educación, salud, infraestructura y seguridad debilitaría el crecimiento económico de un país y retrasaría su desarrollo social. Lamentablemente, eso describe lo que sucede en muchos de los países de América Latina y el Caribe. Entre 1980 y 2016, la inversión pública
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 2022
Research Insights: Can Voter Preferences Explain Why Governments Underinvest in Public Goods?
A new survey of 6,040 voting-age individuals conducted in seven Latin American metropolitan areas reveals that political and interpersonal mistrust, risk aversion and time impatience are strong predictors of voter preferences for public spending. Respondents with higher mistrust or impatience are more likely to choose transfers over public goods; more impatient respondents are also more likely to choose current spending over public investment. Randomized experiments providing information about the benefits of public investment have the expected average demand impacts. Respondents with high political mistrust or impatience increase their demand for public investment significantly less than others.
Blogs
Published 2023
Día Internacional de la Reducción del Riesgo de Desastres: ¿Cómo construir infraestructuras más resilientes?
En la reciente película “Oppenheimer” se muestra una escena donde los complejos patrones que dibujan las gotas de lluvia al caer sobre una superficie de agua inspiran al científico para entender la teoría de la física cuántica. Estos patrones pueden ilustrar también cómo eventos singulares (los desastres), generan ideas que van trasmitiéndose entre personas (como
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