IDB to conduct regional policy and management dialogue

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WASHINGTON, USA — The Inter-American Development Bank (IDB), through the fiscal management division, will conduct the Regional Fiscal Policy Dialogue and the Third International Forum of the Decentralization and Subnational Fiscal Management Network of Latin America and the Caribbean in São Paulo, Brazil , on the “Improvement of Management and Quality of Public Expenditure” at different levels of government.

On November 4, in the Regional Fiscal Policy Dialogue “Improving the Management and Quality of Public Expenditure”, finance ministers and high authorities will discuss the improvement of the management and quality of public spending in the region, mechanisms to reduce inefficiencies in public spending and curb corruption, improving allocative efficiency, management of infrastructure investment and social investment, as well as the role of new fiscal institutions to improve the quality of spending.

In this meeting, we will also elaborate on the findings of our banner publication, “Better spending for better lives: How can Latin America and the Caribbean do more with less,” enriching the dialogue with experiences of regional authorities and experts from leading countries on fiscal issues, proposing evidence-based solutions on how modern and future management and institutions can help more efficient public spending. In this regional dialogue, officials from Brazil, Chile, Argentina, Colombia, Mexico, Peru, Paraguay and experts from the Organization for Economic Cooperation and Development (OECD) will participate. The meeting is by invitation only.

On November 5, the Third International Forum of the Decentralization and Fiscal Management Network of Latin America and the Caribbean (LAC) will be held and will include the participation of specialists and policy makers; decision of national and subnational governments of the region. The situation and challenges facing LAC governments will be discussed to achieve better management and quality of public spending at the subnational level, and outstanding experiences will be shared.

Different aspects of subnational public spending will be addressed during public investment management, purchasing and procurement, human resources management, public financial management, and expenditure evaluation sessions.

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