Accountability in public expenditures in Latin America and the Caribbean : revitalizing reforms in financial management and procurement / Omowunmi Ladipo, Alfonso Sánchez, and Jamil Sopher
Overview -- Findings from the country financial accountability assessments -- Findings from the country procurement assessment reports -- Revitalizing reforms
Summary
Fiscal discipline and public sector efficiency became prominent issues in Latin America and the Caribbean in the late 1980's following external debt crises that troubled many countries in the region. Resolution of the debt crises necessitated a first wave of reforms that largely focused on upgrading legal and regulatory frameworks or improving information systems. Nearly twenty years later progress in matching OECD practices and performance in public financial management and procurement has been uneven and has been one of the factors that impeded higher growth and competitiveness in Latin Amer
