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

Inter-American Development Bank

In our recent publication, Asymmetric Sovereign Risk: Implications for Climate Change Preparation , we explore how perceptions of climate risk influence sovereign spreads across countries with varying economic conditions. This includes mechanisms for reallocating budgets and evaluating expenditures to create fiscal space for contingencies.

Finance 52
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How to Bid on Government Jobs: A Practical Guide

Select GCR

government is the largest purchaser in the world, significantly influencing the purchasing landscape. Balancing competitive pricing with maintaining profitability is critical when bidding on government contracts. Filing a bid protest can arise from allegations of unfair evaluation practices or other improper actions.

Bidding 52
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New Index Helps Governments Design Better Escape Clauses to Bridge Fiscal Rigidity with Crisis Adaptability

Inter-American Development Bank

These clauses, designed to provide temporary flexibility from strict fiscal targets during crises, aim to strike a balance between upholding fiscal rules and effectively responding to unexpected circumstances. This index serves as a robust measure, evaluating the precision and adaptability of these clauses across various critical dimensions.

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Embracing the Human in Arbitration: A Look Back at ICCA Hong Kong 2024

Kluwer Arbitration

In his view, arbitrators should lean into their humanity and evaluate the needs of those involved in the process—parties, counsel, experts, and arbitrators themselves—to tailor procedures to suit those needs. Mark Friedman explained that humans are influenced in their decision-making by the need for “cognitive comfort” (i.e.,

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Are Latin American and Caribbean Countries Complying with Their Fiscal Rules?

Inter-American Development Bank

Over the past two decades, a growing number of Latin American and Caribbean (LAC) countries began adopting fiscal rules to limit overspending influenced by election cycles, public pressure, and other political economy factors, helping the region strengthen its fiscal solvency and sustainability.

Balance 52
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Navigating the Intersection of Sovereign Acts and Commercial Activities: Insights from Omega v. Panama

Kluwer Arbitration

Panama’s decision to terminate a contract was influenced by the Claimants’ failure to provide the necessary operational expenses to support their change order requests. These actions were deemed significant, considering that Panama had granted multiple time extensions to complete the project.

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Two roles of procurement in public sector digitalisation: gatekeeping and experimentation

How to Crack a Nut

This creates a regulatory gap —or rather a laissez faire environment—whereby the public sector is allowed to experiment with the adoption of digital technologies without clear checks and balances. And there are attributes or properties influencing the interpretability of a model (eg clarity) for which there are no evaluation metrics (yet?).