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

Inter-American Development Bank

Our findings highlight the asymmetric impact of climate risks on financing costs, particularly for high-risk countries, and emphasize the critical role of investments in climate preparedness, resilient infrastructure, and economic diversification.

Finance 52
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How Kazakhstan is combating non-competitive procurement

Open Contracting Partnership

This made it possible for the Committee of Internal Public Audit of the Ministry of Finance (CIPA) to block attempts to conduct single-source procurement, without proper justification, even at the procurement planning stage. million tenge ($24,000 USD) being returned to the budget. million USD) were returned to the budget.

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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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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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What is eProcurement?

ivalua

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Users only see information that is relevant to them, i.e. Requisitioners see expected delivery dates, Managers their budget consumption, Accounts Payable their pending invoices.

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In Kazakhstan, opening up procurement boosts public oversight and prevents millions in wasteful spending

Open Contracting Partnership

million (~US$24,000) being returned to the budget. million (~US$24,000) were returned to the budget. In late 2022, this question led them to look at value added tax (VAT), the second highest source of revenue for Kazakhstan’s budget. And the media outlet ProTenge has stopped suspicious purchases worth at least US$3 million.

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The Development of Treasury Bond Market Programs in Fragile Countries: The Case of Haiti

Inter-American Development Bank

Treasury bond markets play a pivotal role in the economic development and fiscal management of fragile countries, as they allow governments to secure funds from both the public and institutional investors, reducing the pressure on governments to print out money to finance their budgets. of GDP from 0.3% percent of GDP in 2023 from 2.9

Finance 52