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Economy and finance ministries in the face of climate change: 7 advancements in the green fiscal agenda

Inter-American Development Bank

There is no turning back now, the ministries of economy and finance are at the heart of climate action. What are finance ministries doing and discussing to advance green fiscal management? In recent years there has been an enormous increase in the development of these strategies, with around e 40 worldwide.

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

Inter-American Development Bank

Smart Public Procurement Can Contribute to Marofiscal Stability Smart public procurement spending can be a critical area for improving fiscal balances because it can improve the effectiveness of public expenditure by reducing waste. Better fiscal balances will contribute to greater macroeconomic stability.

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How Lithuania fast-tracked green procurement

Open Contracting Partnership

The government took three key steps: i) careful planning for the green transition; ii) implementing green public procurement (GPP) in practice with a focus on building the capacity of public buyers; and iii) learning powered by data-driven monitoring with a public dashboard. We now have to help our business adapt and innovate.

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Complying with Fiscal Rules in Latin America and the Caribbean: From Promises to Action

Inter-American Development Bank

Fiscal rules have become a common policy tool to promote the sustainability of public finances, as the number of countries with at least one fiscal rule has grown from ten in 1991 to more than 100 by 2021.

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Tax Administration 3.0: IDB open-source software leverages digital accounting data to facilitate and increase compliance

Inter-American Development Bank

In this sense, digitally collecting accounting information from companies is crucial to enable TAs to better measure business activities, such as operations, financing, investments, the performance of companies, and their contractual relationships. However, to reach the next level of digitization, known as Tax Administration 3.0,

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CyberSmart 2024: Keeping Up with the Pace of AI at the State Level

FedInsider

Close Chief Information Security Officer, Texas Division of Emergency Management Balancing the Potential & Risks of AI at the State Level Complexity is the enemy of security, said Larry Moore, chief information security officer for the Texas Division of Emergency Management (TDEM). There is always a cost involved, he said.

Balance 52
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The Ukrainian DREAM: Making wartime reconstruction digital and accountable

Open Contracting Partnership

After the launch, the systems were transferred to the balance of the state in the form of a state-owned enterprise. The indicators will be able to flag any issue from these capacity challenges, inadequate documentation, or potential fraud and corruption. As of 1 August, 159 regional and local projects received UAH 6.6