Is Latin America on the Right Track? An Analysis of Medium-Term Frameworks and the Budget Process
Medium Term Fiscal Frameworks (MTFs) have become one of the most popular reforms to the budgetary process in Latin America during the last decade, and introducing MTFs seemed to be the magic solution for most fiscal ailments. Nonetheless, there has been no comprehensive evaluation of their impact. This document discusses the normative merits of using MTFs, provides a characterization of the different types of MTF, and describes their development in the Latin American region based on extensive field work. As a first approximation for understanding how they are working, this document explores in detail the cases of Argentina, Colombia and Peru. While an unambiguous diagnosis is not possible, this document lays the groundwork for progress toward comprehensive impact evaluations and, eventually, to the consolidation of MTFs in the region.
|Date of creation:||Mar 2010|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.iadb.org/res
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mark Hallerberg & Carlos Scartascini, 2011.
"Economic Crisis and Fiscal Reforms in Latin America,"
IDB Publications (Working Papers)
37738, Inter-American Development Bank.
- Mark Hallerberg & Carlos Scartascini, 2011. "Economic Crisis and Fiscal Reforms in Latin America," Research Department Publications 4697, Inter-American Development Bank, Research Department.
When requesting a correction, please mention this item's handle: RePEc:idb:wpaper:4659. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Monica Bazan)
If references are entirely missing, you can add them using this form.