Apr 2022
Author(s): Ter-Minassian, Teresa;Muñoz Miranda, Andrés
This paper focuses on the design of intergovernmental transfers to reduce vertical and horizontal fiscal imbalances and improve the performance of subnational governments. It provides an overview of…
Apr 2021
Author(s): Pessino, Carola;Ter-Minassian, Teresa
This paper presents projections for 18 Latin America and Caribbean countries of pensions and health expenditures over the next 50 years, compares them to advanced countries, and calculates estimates…
Apr 2021
Author(s): Pessino, Carola;Ter-Minassian, Teresa
En esta publicación se presentan las proyecciones del gasto público en pensiones y salud para los próximos 50 años para 18 países de América Latina y el Caribe (ALC), se incluyen estimaciones de la…
Feb 2021
Author(s): Beuermann, Diether;Schwartz, Moises;Reyes-Tagle, Gerardo;Silvani, Carlos;Ospina, Laura;Fajgenbaum, Jose;Loser, Claudio;Mooney, Henry;Prats Cabrera, Joan Oriol;Rosenblatt, David;Ter-Minassian, Teresa;Ossowski, Rolando;Giles Álvarez, Laura;Gauto, Victor;Khadan, Jeetendra;Zegarra, Maria Alejandra;De Haan, Jakob;Rojas-Suárez, Liliana;Beck, Thorsten
This volume focuses on economic institutions defined as rules and organizational arrangements that, if they govern the design and implementation of fiscal and monetary policies, can better align…
Mar 2020
Author(s): Ter-Minassian, Teresa
This paper focuses on two distinct but interrelated subjects. First, it discusses how cooperation among and within the different levels of government can help improve macro-fiscal management, as well…
Nov 2019
Author(s): Musacchio, Aldo;Pineda, Emilio;Huber, John;Jara, Mauricio;Kim, Hyungon;Ter-Minassian, Teresa;Wagner, Rodrigo
The situation of state-owned enterprises (SOEs) in Latin America and the Caribbean continues to be dire. This book uses an original database of SOE performance that shows that every year about one-…
Jul 2018
Author(s): Pineda, Emilio;Ter-Minassian, Teresa;Ahmad, Ehtisham;Letelier, Leonardo S.;Fernández, Ignacia
Chile se encuentra en un punto de inflexión para definir el rol que desempeñarán los gobiernos subnacionales (GSN) en el futuro. La presente monografía utiliza la experiencia internacional para…
Mar 2018
Author(s): Ter-Minassian, Teresa
This paper presents an overview of the SOE sector in Peru, with special focus on the fiscal risks that it may create. The analysis suggests that such risks have generally been contained through a…
Oct 2017
Author(s): Ter-Minassian, Teresa
This paper focuses on the fiscal risks created by state-owned enterprises (SOEs). It analyzes the main sources of such risks, in particular flaws in their fiscal, including quasi-fiscal operations;…
May 2016
Author(s): Ter-Minassian, Teresa;De Mello Jr, Luiz R.
To a large extent, policy outcomes are shaped by governance, including institutional arrangements and forums for cooperation among and within different layers of government. In turn, the…
Apr 2015
Author(s): Fretes Cibils, Vicente;Ter-Minassian, Teresa;Scrofina, J. Sebastián;Ortega, Federico;Ríos, Germán;Rasteletti, Alejandro;Ramírez Verdugo, Arturo;Pineda, Emilio;Martínez-Vázquez, Jorge;Sepúlveda, Cristián;Canavire-Bacarreza, Gustavo;Zenteno, Jannet;España Eljaiek, Irina;Sánchez Torres, Fabio;Brosio, Giorgio;Templado, Ivana;Moskovits, Cynthia;Cristini, Marcela;Auguste, Sebastián;Artana, Daniel
This book analyzes the reasons for lackluster performance selected Latin American countries in mobilizing subnational own-source revenues and explores policy options to increase these revenues as…
Apr 2015
Author(s): Fretes Cibils, Vicente;Ter-Minassian, Teresa;Scrofina, J. Sebastián;Ortega, Federico;Ríos, Germán;Rasteletti, Alejandro;Ramírez Verdugo, Arturo;Pineda, Emilio;Martínez-Vázquez, Jorge;Sepúlveda, Cristián;Canavire-Bacarreza, Gustavo;Zenteno, Jannet;España Eljaiek, Irina;Sánchez Torres, Fabio;Brosio, Giorgio;Templado, Ivana;Moskovits, Cynthia;Cristini, Marcela;Auguste, Sebastián;Artana, Daniel
Este libro analiza las razones de desempeño mediocre de países seleccionados de América Latina en la movilización de ingresos propios subnacionales y explora las opciones de política para aumentar…
Mar 2015
Author(s): Fretes Cibils, Vicente;Ter-Minassian, Teresa;Scrofina, J. Sebastián;Ortega, Federico;Ríos, Germán;Rasteletti, Alejandro;Ramírez Verdugo, Arturo;Pineda, Emilio;Martínez-Vázquez, Jorge;Sepúlveda, Cristián;Canavire-Bacarreza, Gustavo;Zenteno, Jannet;España Eljaiek, Irina;Sánchez Torres, Fabio;Brosio, Giorgio;Templado, Ivana;Moskovits, Cynthia;Cristini, Marcela;Auguste, Sebastián;Artana, Daniel
This book analyzes the reasons for lackluster performance selected Latin American countries in mobilizing subnational own-source revenues and explores policy options to increase these revenues as…
Mar 2015
Author(s): Fretes Cibils, Vicente;Ter-Minassian, Teresa;Scrofina, J. Sebastián;Ortega, Federico;Ríos, Germán;Rasteletti, Alejandro;Ramírez Verdugo, Arturo;Pineda, Emilio;Martínez-Vázquez, Jorge;Sepúlveda, Cristián;Canavire-Bacarreza, Gustavo;Zenteno, Jannet;España Eljaiek, Irina;Sánchez Torres, Fabio;Brosio, Giorgio;Templado, Ivana;Moskovits, Cynthia;Cristini, Marcela;Auguste, Sebastián;Artana, Daniel
Este libro analiza las razones de desempeño mediocre de países seleccionados de América Latina en la movilización de ingresos propios subnacionales y explora las opciones de política para aumentar…
Feb 2013
Author(s): Ter-Minassian, Teresa
This paper focuses on options for reforming the Brazilian Revenue-Sharing scheme for the States, the so-called Fundo de Participação dos Estados or FPE, which constitutes one of the main…
Sep 2012
Author(s): Ter-Minassian, Teresa
This paper aims to provide an overview of the current state of taxation in the Latin America and Caribbean (LAC) region, and its main reform needs and options. It previews the findings of recent…
May 2012
Author(s): Ter-Minassian, Teresa
This paper discusses Brazil's structural reforms since the 1990s and areas where work remains to be done. Reforms of the 1990s included the containment of inflation, the adoption of a…
May 2012
Author(s): Ter-Minassian, Teresa
This paper surveys the system of sub-national own revenues and the inter- governmental transfer system (including the sharing of oil revenues) in Brazil, highlighting their critical flaws. The…
Mar 2012
Author(s): Ter-Minassian, Teresa
Este documento focaliza as opções para a reforma do Fundo de Participação dos Estados (FPE), que constitui uma das principais transferências intergovernamentais no Brasil. Este enfoque se justifica…
Oct 2010
Author(s): Ter-Minassian, Teresa
This paper explores the design of sound fiscal rules and their effective implementation and enforcement in the light of the existing literature and of available empirical evidence. It focuses in…