Thursday, February 04, 2016

My Latest Publications from International Organizations

Now for Public Debt in Mexico: Policy Lessons for the Effective Oversight of State and Municipal Government Finances 

Woodrow Wilson International Center for Scholars

Published: Dec 17, 2015

By: Heidi Jane M. Smith
This policy paper argues that alternative revenue sources are necessary for economic growth at the local level, but continued soft budget constraints and lax regulatory environments may also put Mexico’s future into jeopardy. Lessons learned from the United States’ state and municipal financing could provide valuable policy options for Mexico--thus, the paper provides policy recommendations for future public financial management considerations.

 - See more at:

Building Effective Government: Institutions of Intergovernmental Fiscal Relations

OECD Fiscal Federalism Studies

Published: 18 Nov 2015

Intergovernmental fiscal institutions are the overarching framework for relations across government levels. They comprise the constitutional set up of a country; the division of power between government levels; the prevalence of fiscal rules across government levels; intergovernmental budget frameworks; the role of independent bodies such as fiscal councils in shaping fiscal relations; the inter-ministerial organisation of fiscal decision making; and other framework conditions shaping intergovernmental fiscal relations and fiscal policy. This book brings together academics and practitioners dealing with or being involved in shaping the institutions of intergovernmental fiscal relations. It has an interdisciplinary focus and provides insight from various academic or practitioners’ fields: economists, political scientists, budget management specialists and others.

- See more at

Governance, Performance, and the Best Reform Practices in State-Owned Enterprises in Latin America and the Caribbean and Korea: Forum Report and Proceedings from the International Symposium held November 5-8, 2013, in Seoul, Korea

Inter-American Development Bank

Published Aug 2015

Over the last decade, several countries in the Latin American and the Caribbean region have strengthened the management of their state-owned enterprises (SOEs) through a process of reforms. SOEs are productive businesses typically directed by national governments because they have monopolistic tendencies and work in sectors such as energy, transportation, or telecommunications. These industries provide vital services to citizens of their countries. The objective of the recent reforms was to increase their contribution to their local economy by improving performance, increasing transparency of operations, and expanding accountability to citizens. In this context, the Republic of Korea's Ministry of Strategy and Finance and the Inter-American Development Bank (IDB) organized several international forums to discuss the policies and reforms of SOEs. The first was celebrated at IDB headquarters in Washington, DC, and the second in Lima, Peru, in December 2012. A third event was hosted by the Republic of Korea in November 2013 to discuss management issues.

-See more at IDB Website:

Sustainable Financial Management of Local Capital Markets

Professor Heidi Smith from Iberoamericana University in Mexico  City was invited to discuss [Published]:2018-06-19 [Views]:32 Translated fro...