Wednesday, July 24, 2024
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HomeNewsCaribbean NewsChile launches new platform to enhance public investment transparency with IDB support

Chile launches new platform to enhance public investment transparency with IDB support

CHILE / USA – Chile’s ministry of social development and family, on Monday, launched BIP Data, a platform developed with Inter-American Development Bank (IDB) support, to enhance public spending transparency and improve government investment management nationwide.

By combining information on expenditures and status of different government agencies’ projects, this tool provides decision makers, public managers, and citizens with an integral vision of government investment. This information is available both separately as well as aggregated by geographic unit, sector, and public institution.

BIP Data is part of the joint efforts of Chile and the IDB, within the framework of the Bank’s Vision 2025, to harness the use of digital technologies to increase access to information and citizen engagement, while improving public investment management.

The platform will help citizens know where, who, and how much is invested in Chile. Additionally, critical data will be analyzed to explain the distribution of public investment, one of the top drivers of the country’s development.

“Through BIP Data, Chile will facilitate coordination among the different stakeholders who take part in the public investment process, contributing to transparency and boosting citizen trust. This will be a key element for post-pandemic recovery,” said Florencia Attademo-Hirt, IDB’s general manager of the Southern Cone Department (CSC) and Country Representative in Chile. “This way, the country will be able to better assign available resources to public investments, promote territorial equity, and maximize the impact on growth.”

Meanwhile, social assessment undersecretary Matías Romero added, “relying on more and better information is essential to making the best decisions to improve people’s lives, the goal that ultimately orients every choice the government makes. Through this platform, we’ll be able to bring public investment processes closer to people, promoting transparency and better assigning the resources through the territory, which will allow us to keep moving forward as a country.”

The information available on the website comes from the Integrated Bank of Projects (IBP), a system that records government investments. The platform includes historical data since 2009, and allows users to analyze aggregated public investment data through data visualization reports for each territory, sector, and institution. It also features an interactive map that includes projects with georeferenced information.

BIP Data is fostered by the ministry of social development and family through the under secretariat of social assessment, with support from the IDB and the ministry of finance’s budget office. It was developed by Data wheel, a pioneering company in public data visualization projects.

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