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

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  • Ms. Taryn R Parry

Abstract

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.

Suggested Citation

  • Ms. Taryn R Parry, 2007. "The Role of Fiscal Transparency in Sustaining Growth and Stability in Latin America," IMF Working Papers 2007/220, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2007/220
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    Cited by:

    1. Lawrence Sáez, 2013. "Methods in governance research: a review of research approaches," Global Development Institute Working Paper Series esid-017-13, GDI, The University of Manchester.
    2. Yves M. Tehou TEKENG & Mesbah Fathy SHARAF, 2015. "Fiscal Transparency, Measurement and Determinants: Evidence from 27 Developing Countries," Journal of Economics and Political Economy, KSP Journals, vol. 2(1), pages 69-91, March.
    3. Elif Arbatli & Julio Escolano, 2015. "Fiscal Transparency, Fiscal Performance and Credit Ratings," Fiscal Studies, Institute for Fiscal Studies, vol. 36, pages 237-270, June.

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