Decentralization and subnational finance are important policy topics in Latin America and the Caribbean, as the region is among the most decentralized in the world. With this in mind, the Inter-American Development Bank (IADB) and the Economic Commission for Latin America and the Caribbean (ECLAC) recently launched The Outlook of Fiscal Relations between Levels of Government in Latin America and the Caribbean, presenting country profiles as well as regional and national analyses of subnational public finances for 26 countries in the region. In addition to the Outlook, the Inter-American Development Bank recently launched its Subnational Fiscal Data Platform, with the aim to make available to the research community and the interested public the largest amount of fiscal data at the local and intermediate government level for Latin America and the Caribbean. The presentation of the outlook of decentralization in Latin America and the Caribbean and an overview of IADB’s subnational fiscal platform was followed by a discussion on lessons from the LAC region for other global regions.
As part of its global webinar series on Decentralization and Local Development around the World, the Local Public Sector Alliance—in collaboration with the Inter-American Development Bank (IADB), the World Bank Subnational Governance and Decentralization Global Solutions Group, UNDP, UNCDF, and a number of other global partners—hosted two knowledge sharing events in July 2022 on Decentralization and Local Development in Latin America and the Caribbean.
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