Guatemala Receives World Bank Financing to Improve Public Expenditure Efficiency and Strengthen Transparency
Guatemala, Sept. 15 -- The World Bank's Executive Board approved the project Smart Public Finance: Data-Driven Public Expenditure Management for Greater Efficiency for Guatemala. The initiative aims to support the modernization of the public financial systems, strengthen transparency, improve public spending efficiency and decision-making, and contribute to better access and quality of services for Guatemalan citizens.This US$50 million investment project for Guatemala's financial modernization is structured around three key areas. First, it seeks to strengthen how the public budget is planned and implemented, ensuring more efficient use of resources to deliver better services in areas such as education, health, social protection, and basic...
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