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The Role of Fiscal Transparency in Sustaining Growth and Stability in Latin America
Author:
Ms. Taryn R Parry
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Series:
IMF Working Papers
Volume/Issue:
Volume 2007: Issue 220
Language:
English
Publication Date:
01 Sep 2007
DOI:
https://doi.org/10.5089/9781451867848.001
ISBN:
9781451867848
ISSN:
1018-5941
Pages:
44
Keywords:
WP; emerging market; annual budget; central government; countries in Latin America
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Latin America has experienced a resurgence in growth in recent years. However, it is also a region that has been prone to crises while growth has not delivered a significant reduction in poverty and inequality. Maintaining a strong and stable macroeconomic performance in Latin America will depend on further cuts in public debt, identification and reduction of fiscal vulnerabilities and improvements in the quality of public spending. Improvements in governance and the business environment will also aid in attracting investment. This paper draws on assessments of fiscal transparency in twelve countries in Latin America to highlight good fiscal management and improvements in fiscal transparency that might enhance the prospect for sound fiscal performance and a more favorable investment environment. This would be an important step toward sustaining stable, higher quality growth in the region.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2007: Issue 220