Inter-American Development Bank

Vicente Fretes Cibils

Eduardo Lora

Ana Corbacho

This exciting new volume provides an up-to-date overview of the current state of taxation in the Latin America and Caribbean (LAC) region, its main reform needs, and possible reform strategies that take into account the likely economic, institutional, and political constraints on the reform process.

Taxation as a Development Tool

More than Revenue

Giorgio Brosio

Teresa Ter-Minassian

J. Sebastián Scrofina

Federico Ortega

Alejandro Rasteletti

Arturo Ramírez Verdugo

Emilio Pineda

Jorge Martínez-Vázquez

Cristián Sepúlveda

Gustavo Canavire-Bacarreza

Jannet Zenteno

Irina España Eljaiek

Ivana Templado

Cynthia Moskovits

Marcela Cristini

Sebastián Auguste

Daniel Artana

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 efficiently and equitably as possible. Seven case studies--Argentina, Bolivia, Brazil, Colombia, Mexico, Peru, and Venezuela--span a wide range of characteristics, including federal and unitary countries, different geographical sizes, levels of economic development, and degrees of revenue decentralization. In this book, subnational governments include both intermediate and local levels of government, which are distinguished in the case studies. Together, the case studies provide a reasonably representative picture of the challenges faced throughout Latin America in mobilizing subnational own-source revenues in a manner that supports equitable growth.

Why and How

Decentralizing Revenue in Latin America

Marcelo Giugale

For the first time in the republican history of Peru, the presidential transition takes place in democracy, social peace, fast economic growth and favorable world markets. In other words, there has never been a better chance to build a different Peru - a richer country, more equal and governable. There are multiple ways to achieve that goal. New reforms must stem from a widespread and participatory debate, one of a common vision conceived for and by Peruvians. This book aims at making a technical and independent contribution to such debate; it summarizes the knowledge available about the challenges to be faced by the new administration. The study does not recommend silver bullets, but suggests policy options. It is based on the analysis of the current reality and in six decades of relationships with Peru, in which the Bank has implemented more than 100 projects and prepared more than 500 technical reports covering the wide range of development topics. When necessary, the study provides lessons that the Bank has learned elsewhere. The study provides a conceptual framework to the analysis of the country's 34 economic sectors and the two historical perspectives behind them. In doing so, it offers a comprehensive reform agenda that sheds light on possible priorities and courses of action.

Prosperous, Equitable, and Governable

An Opportunity for a Different Peru

Vicente Fretes Cibils

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