Martner and Tromben argue that in Latin American countries the threats to debt sustainability originate in the pro-cyclical bias of fiscal policies. The threats are reinforced by the difficulty that these countries experience in borrowing with long-term maturity domestically or in borrowing in...

Martner and Tromben consider the solutions which may reverse the decline of public investment occurred in Latin American countries in recent decades. The paper examines public investment trends and notes that in fiscal consolidation episodes there has been a bias against public investment –...

The purpose of this document is to provide a comparative analysis of Latin-American government finance statistics including public expenditures, income, overall balances, and debt stocks. The paper explores some of the problems that arise in country comparisons and in regional harmonization of...

This presentation covers fiscal operations; examples of creative indicators such as structural balance and the new accounting framework in Chile, the public debt in Brazil and traditional balance and public private partnerships in Mexico. Also covered are indicators of "quality" of public...