World Bank helps Guatemala reform public finance

The World Bank is lending USD20 million to support Guatemala’s pursuit of public sector reforms. The Guatemala Integrated Financial Management Project aims to support key strategies in the government’s fiscal management, public expenditure and e-government programs. “Additional financing through this project will help Guatemala continue to make progress in terms of improving the management of its investments in social services and basic rural infrastructure so that the programs benefit poor people,” explained World Bank director for Central America Laura Frigenti. “Providing government officials with timely information on budget commitments will improve efficiency of public sector delivery,” she added. (Press release: Guatemala: World Bank Approves USD20 Million to Modernize The Management of Public Sector Finances/World Bank)

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