This paper explores the design of sound fiscal rules and their effective implementation and enforcement in the light of the existing literature and of available empirical evidence. It focuses in particular on the potential advantages and requirements for the effective operation of fiscal rules...

IDB Group involvement and support in the reform, modernization and deepening of financial markets in Latin America and the Caribbean targets banking intermediation, capital markets, insurance markets, pension systems, housing finance, and debt reduction.

The financial system of Jamaica has undergone several structural changes in the last decades, moving from a heavy foreign participation to nationalization, and from nationalization to privatization. This document discusses the problems faced by financial institutions and insurance companies in...

In pursuit of its policy objective of supporting member countries in promoting the democratization of sub-national governments, the Inter-American Development Bank has commissioned studies on municipal finances in five Latin American and Caribbean countries. This Knowledge Creation Project [KCP]...

This study advocates the adoption of an alternative development model in Suriname. Suriname adopted a state-centered and inward-looking development model in the early 1980s, although elements of the model had been present long before that time.

The label tax expenditure provides a strong indication as to what the term is intended to apply to any use of the tax system designed to provide a financial benefit. As such, a tax expenditure can be rather generally considered to be any special provision in the tax system which allows for a...

This study introduces a diagnostic tool for determining the health of a public development bank. It defines in normative terms what good health looks like across various dimensions, which allows the PDB to delineate how it can improve its overall performance and achieve its financial and...

Tax expenditures are generally defined as those government expenditures carried out through tax legislation, regulations, and practices that reduce or defer taxes for some taxpayers. There is a general concern that the tax expenditures negatively affect the budget and tax policies, which in turn...

Présente le premier document de travail, examen de la nécessité d¿une augmentation générale du Capital ordinaire et de la reconstitution du Fonds des opérations spéciales.