Post by Basel Institute on Governance

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐚 𝐫𝐞𝐚𝐥 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐭𝐨 𝐩𝐞𝐨𝐩𝐥𝐞’𝐬 𝐥𝐢𝐯𝐞𝐬? Often, the pathway lies not in the grand corridors of power, but in the offices of local and regional governments. Public financial management shapes the everyday services people rely on: education, health and infrastructure. Small inefficiencies can have big consequences. Better systems can improve lives and reduce opportunities for corruption and the mismanagement of public funds. Carlos Vargas Mas and our Programa GFP Subnacional team in Peru know this well. For the past 10 years, they have worked with local and regional authorities and central government counterparts. Together, they have strengthened public financial management through practical improvements and innovative new approaches. 🎯 The results are tangible: double-digit increases in local tax revenues, children travelling safely to school and schools receiving books on time. In this Q&A, Carlos explains how our work to strengthen public financial management at the subnational level in Peru creates real impact for local communities. He also shares valuable lessons that could benefit other contexts and countries. 👉 https://lnkd.in/eZczrabV The Swiss SECO Economic Cooperation and Development funds our Programa GFP Subnacional through its cooperation programme in Peru. We are grateful for its long-standing support, which makes this valuable work possible. 🇵🇪🇨🇭