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

Inter-American Development Bank

Rather than viewing fiscal rules as rigid constraints, the region should see them as valuable tools to promote both macroeconomic stability and sustained investment. This underscores the idea that compliancenot merely the existence of fiscal rulesis the key driver of fiscal sustainability and investment capacity.

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

Inter-American Development Bank

Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. Better fiscal balances will contribute to greater macroeconomic stability. What is Smart Public Procurement?

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A Balancing Act: Drive Sustainability while Managing Cost and Risk

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Ivalua Spend Management Insights [ivory-search] A Balancing Act: Drive Sustainability while Managing Cost and Risk April 27, 2023 | | Supply Chain by Vishal Patel Cost, Risk, and Sustainability. The question is, how do you balance all three while maintaining continuous operations and generating revenue at the same time?

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Effectiveness and Efficiency in Public Procurement: Key Pillars for Optimal Resource Management

The Procurement ClassRoom

The interplay between these principles ensures the responsible and transparent management of public funds, crucial for meeting community needs while optimizing economic benefits. It aims to achieve best value for money by balancing life-cycle costs and quality to meet user needs beyond just the lowest initial price.

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Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know

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Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).

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10 success factors for implementing e-procurement system

Open Contracting Partnership

Public procurement needs to be more transparent, efficient, and accountable to tackle the major social and economic challenges faced by governments across the world. Transparency on legal and regulatory frameworks To make e-GP systems work effectively, it’s essential to have supportive legislative arrangements in place.

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How city governments can navigate the fiscal cliff

American City & Country

Louis struggle with resource constraints and grapple with the significant challenges cities face in balancing budgets, maintaining public services and managing infrastructure needs. Regularly updating financial models and engaging in long-term fiscal strategy development can provide a clearer roadmap for sustainability.