Government at a Glance

Latin America and the Caribbean 2014: Towards Innovative Public Financial Management

image of Government at a Glance

Latin American and Caribbean Government at a Glance offers a dashboard of more than 30 indicators to help decision makers and citizens analyze and benchmark government performance both within the LAC region and compared to the OECD countries. The publication focuses in four broad areas: budgeting practices; public sector pay and employment; public procurement and public finances. Furthermore, the policy chapter deepens in the budgetary and fiscal innovations which have taken place for the LAC region in the past years.

Despite the fact that the LAC region has not been so badly affected by the recent Global and Financial crisis, the Latin American an Carribbean Government at a Glance argues that governments need to be more inclusive, transparent, receptive and efficient. For that, they need to improve among other budgetary, employment and procurement practices, as well as increase the transparency levels.

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Transparency in procurement

Many LAC countries have sought to reform their procurement processes in recent years with the goal of making them more efficient and transparent. These reforms aim to tackle corruption and collusion, which pose serious problems in LAC countries, produce distortions to fair competition and waste taxpayer resources through unjustified high prices or low quality of procured goods and services. Beyond these challenges, reforms aim to increase access to procurement opportunities for bidders, potentially increasing public resources savings via strengthened competition. To boost transparency, many governments have increased the amount of publicly available procurement information and improved the quality of the information itself.

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