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Disasters resulting from natural hazards represent an important challenge for Colombia's fiscal sustainability and stability. Colombia is one of the countries with the highest recurrence rate of disasters caused by natural hazards in Latin America (see the Annex)1. As the country's population...
Persistent link: https://www.econbiz.de/10012246699
manage fiscal risk due to natural disasters. It also describes the Ministry of Finance and Public Credit (MHCP's) efforts to …
Persistent link: https://www.econbiz.de/10012246712
Persistent link: https://www.econbiz.de/10012247054
This document reports on a Public Financial Management and Accountability Assessment (PFMAA) for the Federal Government of Pakistan (GoP). Measured against the six core Public Financial Management (PFM) objectives examined by the assessment, the assessment indicates that there have been...
Persistent link: https://www.econbiz.de/10012248053
The objective of the 2015 Colombia Public Expenditure and Financial Accountability (PEFA) assessment is to have an updated diagnosis of the performance of the public financial management (PFM) system in the country so as to (i) determine the progress made with the reforms implemented in recent...
Persistent link: https://www.econbiz.de/10012248116
This paper studies whether budget rigidities affect the probability of countries getting into fiscal distress and reduce the likelihood of governments performing fiscal adjustments. Budget rigidities are constraints that limit the ability of the government to change the size and structure of the...
Persistent link: https://www.econbiz.de/10012113828
Policy toward fiscal rules is an important issue in the countries of the Western Balkans (Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia). According to a rough estimate, the countries with rules (all but North Macedonia) have complied with their debt and...
Persistent link: https://www.econbiz.de/10012114089