Tony Hegarty
Tony Hegarty
Tony Hegarty
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CAPA/KICPA Conference<br />
Improving Public Sector Financial Management<br />
Seoul<br />
May 19 th , 2011
Overview<br />
Poverty Alleviation<br />
Accountability<br />
for Global Aid Flows<br />
Developing Capacity<br />
in Public Financial Management<br />
Partnering for Development Results<br />
2
Poverty<br />
More than<br />
1 billion people<br />
go to bed hungry every night<br />
70 % of the world’s poor<br />
live in middle income<br />
countries<br />
3
World Bank Group<br />
Working for a World Free of Poverty<br />
globalization<br />
an inclusive and sustainable<br />
4
Global Aid Flows<br />
5
World Bank Contribution<br />
Commitments<br />
US$ Billion<br />
72.9<br />
58.8<br />
38.2<br />
35.4<br />
Over US$200 billion<br />
committed between FY08 and April 2011<br />
FY08 FY09 FY10 FY11<br />
as of April<br />
6
How do we ensure accountability<br />
7
Country PFM Systems<br />
Ensuring that governments are held accountable for using resources economically,<br />
efficiently and effectively, for the purposes intended<br />
• Donor Funds<br />
• Government Funds<br />
• Broader partnerships<br />
8<br />
Accra<br />
Agenda<br />
for Action<br />
Paris 2008<br />
Declaration<br />
2005<br />
4 th<br />
High<br />
Level<br />
Forum<br />
Busan/Nov 2011
How is the WB contributing<br />
9
World Bank FM Sector Strategy<br />
Bank<br />
Vision<br />
A world free of poverty<br />
FM<br />
Vision<br />
Sound FM Capacity<br />
In All Partner Countries<br />
Objectives<br />
Developing FM Capacity<br />
of Partner Countries<br />
Providing<br />
Reasonable Assurance<br />
on Use of Funds<br />
Strategic<br />
Priorities<br />
Delivering<br />
Quality FM Services<br />
in Bank-financed<br />
Operations<br />
Building<br />
Country Capacity<br />
in FM<br />
Promoting Global<br />
Accounting, Auditing<br />
& Related Standards<br />
10
WB FM Sector Contribution<br />
11
PFM: Implementation for Results<br />
Standards &<br />
Legislation<br />
Planning &<br />
Budgeting<br />
Budget<br />
Execution<br />
Accounting<br />
& Reporting<br />
Scrutiny &<br />
Audit Comprehensiveness<br />
& Transparency<br />
12
PFM: Capacity Building<br />
Systems<br />
Financial<br />
Management<br />
Information<br />
Systems: 25 Years<br />
of World Bank<br />
Experience on What<br />
Works and What<br />
Doesn’t<br />
Institutional<br />
Governance<br />
The World<br />
Bank’s Strategy<br />
in Africa: Africa’s<br />
Future<br />
and the World Bank’s<br />
Support to It<br />
People<br />
Piloting a<br />
regional Public<br />
Financial<br />
Management 13<br />
Staff<br />
Capacity<br />
Development<br />
Initiative
PFM: Selected Highlights<br />
Supporting Government Accounting Reform in FY10<br />
Russia<br />
Feasibility analysis<br />
on implementation of<br />
IPSAS<br />
Mexico<br />
Government<br />
accounting<br />
harmonization<br />
reform agenda<br />
WAEMU<br />
PFM reforms<br />
West African<br />
Economic and<br />
Monetary Unit<br />
Countries<br />
Pakistan<br />
Integrated financial<br />
management<br />
information system<br />
Indonesia<br />
Transition to<br />
government accrual<br />
accounting<br />
14
World Bank FM Sector Strategy<br />
Bank<br />
Vision<br />
A world free of poverty<br />
FM<br />
Vision<br />
Sound FM Capacity<br />
In All Partner Countries<br />
Objectives<br />
Developing FM Capacity<br />
of Partner Countries<br />
Providing<br />
Reasonable Assurance<br />
on Use of Funds<br />
Strategic<br />
Priorities<br />
Delivering<br />
Quality FM Services<br />
in Bank-financed<br />
Operations<br />
Building<br />
Country Capacity<br />
in FM<br />
Promoting Global<br />
Accounting, Auditing<br />
& Related Standards<br />
15
Building Global Public Goods<br />
G20<br />
High Quality<br />
IFRS Global / ISA Standards / IPSAS<br />
16
Global Strategic Partnerships<br />
INTOSAI<br />
IFAC<br />
IASB<br />
Professional<br />
Organizations<br />
OECD-<br />
DAC<br />
MDB<br />
AfDB<br />
AsDB<br />
IADB<br />
IsDB<br />
UN FM<br />
Agreement<br />
PEFA<br />
17
MOU- INTOSAI and Donors<br />
Under Implementation<br />
INTOSAI<br />
Regional<br />
Bodies<br />
Individual SAIs<br />
18
IFAC and Donors<br />
Under Discussion<br />
IFAC<br />
Regional<br />
National<br />
19
Accounting and Economic Growth<br />
Country Capacity<br />
Global Standards<br />
High-Quality Financial Management & Reporting<br />
Attracting Foreign<br />
Direct Investment<br />
Growth &<br />
Development of the<br />
SME Sector<br />
Transparency &<br />
Accountability<br />
Economic Growth<br />
Development &<br />
Delivery of Public<br />
Services<br />
Enhancing the<br />
Effectiveness of<br />
Foreign Aid<br />
Poverty Alleviation<br />
20
Time to Act<br />
• Poverty Alleviation<br />
• PFM for Development<br />
• Capacity Building<br />
• Partnerships<br />
Partnering for Development Results<br />
21
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