Report by the Worldbank: “Governments in Latin America and the Caribbean face significant development challenges, including insufficient economic growth, inflation, and institutional weaknesses. Overcoming these issues requires identifying systemic obstacles through data-driven diagnostics and equipping public officials with the skills to implement effective solutions.
Although public administrations in the region often have access to valuable data, they frequently fall short in analyzing it to inform decisions. However, the impact is big. Inefficiencies in procurement, misdirected transfers, and poorly managed human resources result in an estimated waste of 4% of GDP, equivalent to 17% of all public spending.
The report “Data for Better Governance: Building Government Analytical Ecosystems in Latin America and the Caribbean” outlines a roadmap for developing government analytics, focusing on key enablers such as data infrastructure and analytical capacity, and offers actionable strategies for improvement…(More)”.