Strengthening of macro-fiscal frameworks in Latin America and the Caribbean

implementation

The objective of this technical cooperation (TC) is to support LAC governments by strengthening the macro-fiscal framework - which is defined set of tools to identify fiscal risks, management of the public finances under fiscal sustainability principles, design, and implementation of fiscal strategy to achieve the fiscal goals- that will contribute to the positioning of countries in order to face the covid 19 crisis, generate fiscal space to recover the path of fiscal consolidation, and contribute to the design of post-pandemic policies that will enable them to resume sustainable growth paths in the medium term. This TC is designed to support member country governments i) analytical tools to identify major variables which impact on the fiscal sustainability; ii) Create metrics to identify macro-fiscal risks and fragilities and provide countries with risk mitigation alerts and greater technical capacity for policy design.