The Reform of Fiscal Institutions in Latin America
(Document Available in Spanish) Fiscal deficits on average only 1. 4% of GDP; debt coefficients on the decline; early debt repayments to the International Monetary Fund and massive repurchases of Brady bonds that 15 years ago were the last salvation for overly endebted governments. This doesn`t look like Latin America, the region with the strongest tradition of macroeconomic instability in the world and the longest history of noncompliance with its public debt commitments. However, these are some of the fiscal events that have been occurring since the beginning of 2006, a particularly favorable time for the region.
Year of publication: |
2006-04
|
---|---|
Authors: | Lora, Eduardo ; Cardenas, Mauricio |
Institutions: | Inter-American Development Bank |
Saved in:
freely available
Saved in favorites
Similar items by person
-
La reforma de las instituciones fiscales en América Latina
Lora, Eduardo, (2006)
-
La reforma de las instituciones fiscales en América Latina
Lora, Eduardo, (2006)
-
Does Independence Matter? Case Studies from Colombia
Cardenas, Mauricio, (1998)
- More ...