IPSAS implementation: current status and challenges | 5. Countries and stage of adoption of IPSAS: South America

IPSAS implementation: current status and challenges | 5. Countries and stage of adoption of IPSAS: South America

5. Countries and stage of adoption of IPSAS: South America

Much of South America is moving towards adopting IPSAS, included as part of financial management reform programmes promoted and funded by donors. Chile and Peru have taken the lead, with other countries looking to adopt by 2021. One common challenge is that IPSAS standards have not been translated into Spanish and Portuguese.