IMF Working Papers

The Role of Fiscal Transparency in Sustaining Growth and Stability in Latin America

By Taryn R Parry

September 1, 2007

Preview Citation

Format: Chicago

Taryn R Parry. The Role of Fiscal Transparency in Sustaining Growth and Stability in Latin America, (USA: International Monetary Fund, 2007) accessed December 22, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Budget planning and preparation, Fiscal policy, Fiscal risks, Fiscal transparency, Public debt

Keywords: Annual budget, Central government, Countries in Latin America, Emerging market, WP

Publication Details

  • Pages:

    44

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2007/220

  • Stock No:

    WPIEA2007220

  • ISBN:

    9781451867848

  • ISSN:

    1018-5941

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