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IDB will finance USD 200 M for transparency and integrity reforms of public administration

The loan will contribute to access to public information, ethical conduct of public officials and management of the financial sector

June 6, 2019

The Inter-American Development Bank approved financing for USD 200 million for the second stage of the Program to Support Transparency and Integrity Reforms in Argentina for the country to continue to strengthen the reforms that the government has been promoting since 2016.

This new operation supports measures that implement greater access to public information by citizens and economic actors through the regulation of the Argentine Access to Public Information Act. The operation also focuses on issues of integrity of officials and reduction of impunity, recognizing the progress in the implementation of a gift registry and the implementation of the “Arrepentido Law”.

One area of ​​special attention is providing more transparency in managing government resources in the procurement of public works, purchases and public employment. This includes the adoption of an electronic management system to contract public works bids.

Finally, the program foresees increasing the effectiveness of the financial system and reducing transaction costs, with the strengthening of transparency based on the adoption of measures aligned with the International Standards of the Financial Action Task Force (FATF) and IFRS, issued by the International Accounting Standards Board (IASC).

The project is the second of two consecutive operations, the first of which was approved in August 2017, under the programmatic policy-based loan modality to support policy reforms.