Public Finance

We combine analysis and empirical evaluation in the formulation, design, management and evaluation of public policies

With over 30 years of experience, we advise governments and public sector entities in Spain, Latin America, the Caribbean and Africa on all aspects of Public Financial Management (PFM): debt management, thematic budgets, policy evaluation, infrastructure financing, sustainability, housing, health and dependency, and project financing and public aid.

Our lines of work

Advice on financial policy and public debt management

We manage financial risks linked to public debt, financing strategies, relations with investors and rating agencies, valuation of derivatives, optimisation of treasury management, and payment systems.

Advice to financial institutions on institutional business

We provide support in the design of financial products suitable for the public sector. Methodology and tools for risk analysis of public entities. Monitoring of public finances.

Public financial instruments

We assess financing gaps. Definition and implementation of lines of credit, guarantees, capital and/or subsidies. Design of public-private initiatives. Co-investment. Design of tax incentives, assessment of compatibility with state aid regimes and estimation of revenue impact.

Public policy evaluation

We advise on the entire public policy cycle: ex ante analysis, interim and ex post evaluation. Evaluation of procedures, qualitative, results and impact using counterfactual methodologies. Support for the institutionalisation of evaluation in national and subnational governments.

Sustainability

Sustainable and green financing frameworks (bonds and loans). Thematic budgets (green, SDG, gender, blue, etc.). Sustainable cities and decarbonisation plans. Taxonomy and sustainability compliance (DNSH). Design of economic, regulatory and tax incentives.

Forestry sector

Instruments for the development of the forestry industry and services, forestry taxation: carbon and biodiversity credits, feasibility studies for forestry projects, economic valuation of ecosystem services, economic studies of the forestry sector value chain, and legal and public procurement analyses.

Financing and public aid

Advice on financing projects and companies. Access to repayable public instruments and/or state and regional subsidies. European funds and subsidy identification tools.

Strategic consulting and innovation in public policy

  • Advice on state aid
  • Advice and budget planning
  • Infrastructure financing
  • Health and dependency economics
  • Housing

Contact us

César Cantalapiedra López
Managing Partner
Carmen López Herrera
Partner