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"The OECD published the evaluation study of the Independent Authority of Fiscal Responsibility (AIReF)"

The report that was prepared by 5 international experts, including the director of the GEN research group of the University of Vigo, Santiago Lago-PeƱas, was published on Thursday, December 21st.

The OECD recommends a series of measures that the Independent Authority for Fiscal Responsibility (AIReF) should implement in order for this newly created body to strengthen its reputation and consolidate its independence.

Among them, it is highlighted the need for a collaboration through a Memorandum of Understanding with the Ministry of Finance for access to information, where it could be considered to act in advance and under a confidentiality agreement, as it happens with other similar Independent Fiscal Institutions (IFIs).

In order to ensure its independence and additional protection from any pressure, AIReF could acquire a multi-year funding commitment. In relation to the resources allocated, it would have to be assessed if the new demands correspond to its mandate. In case no new resources are granted, this body should avoid taking on new tasks.

More information on the OECD Evaluation Report on AIReF can be found at the following links:

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