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Unveiling the Truth: How Sticking to Fiscal Rules Boosts Investment in Latin America

Inter-American Development Bank

This change in perspective is especially crucial now, as many LAC countries are undergoing fiscal consolidation to balance their budgets and reduce debt levels while facing increasing pressure from their populations to tackle key development challenges. Calibrate escape clauses to accommodate economic shocks.

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Modernizing Public Infrastructure: The Power of Strategic Procurement

The Procurement ClassRoom

In his article “ The Future of Public Infrastructure is Digital “, Bill Gates envisions a world where infrastructure is smarter, more efficient, and digitally integrated. Governments worldwide control vast budgets through procurement, giving them the power to: Drive innovation by demanding advanced solutions from vendors.

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Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

This article seeks to disentangle these overlapping terms by examining the tools and methods that are often used interchangeably. These methods are the consultancy equivalent of full competition in goods and works procurement : QCBS : Employed when the terms of reference (TOR) and budget for the consultancy can be easily defined.

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How Developing Countries Reduce the Impact of Climate Vulnerability on Sovereign Risk

Inter-American Development Bank

These investments not only mitigate vulnerabilities but also present a unique opportunity for countries to enhance economic resilience and bolster investor confidence in their capacity to navigate the challenges of a warming planet. World Development, 168, Article 106250. 2] Gomez-Gonzalez, J. 2] Gomez-Gonzalez, J.

Finance 52
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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

This would result in large monetary and transactional savings for governments because, for example, approximately 25% of public contracts in the region require time extensions averaging nearly double their original terms, while around 13% experience budget increases of up to 50%. of GDP, according to FISLAC calculations.

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How to Stop Worrying About IT and Focus on the Data

GovLoop

For example, you might need more storage but can work with the existing compute and networking capacity. Being able to scale granularly where you need it can help with budgets,” Alexander said. This article appears in our guide, “ Decision Intelligence: New Possibilities for Data-Based Decision-Making.”

Data 93
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Gain Fiscal Predictability Through Pay-as-You-Go IT

GovLoop

At the same time, unpredictable demand makes it difficult — if not impossible — to budget effectively for cloud usage. The agency pays for a “committed capacity” — the resources it expects to use in a given period. If the need changes, “buffer capacity” is built in and readily available at a predetermined rate.

IT 59