grant thornton global financial management leaders responses to an economically challenging world
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Jason Levergood from Grant Thornton presents results of 2010 Global Survey at ICGFM Winter ConferenceTRANSCRIPT
© Grant Thornton LLP. All rights reserved.© Grant Thornton LLP. All rights reserved.
Global Financial Management Leaders: Responses to an Economically Challenging World
Jason LevergoodGrant Thornton LLP
International Consortium on Governmental Financial Management Winter Conference, Washington, DCDecember 8, 2010 – Inter-American Development Bank
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Agenda
• About the survey
• Impact of the crisis• Investment in infrastructure• Increasing transparency
• 2011 ICGFM survey
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About the ICGFM survey
• Sponsored by ICGFM, conducted by Grant Thornton
• Survey methodology• Anonymity• Purpose: Examine impact and
responses to economic upheaval and gain ideas for improving financial management
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Impact of the global financial crisis
• Impact• Stimulus programs
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Impact of the global financial crisis
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Impact of the global financial crisis – Stimulus programs
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Impact of the global financial crisis – Stimulus programs
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Impact of the global financial crisis – Stimulus programs
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Investment in infrastructure
• Attracting outside investment• Public private partnerships
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Investment in infrastructure – Attracting outside investment
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Investment in infrastructure – Attracting outside investment
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Investment in infrastructure – Public private partnerships
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Investment in infrastructure – Public private partnerships
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Investment in infrastructure – Public private partnerships
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Increasing transparency
• XBRL and financial management
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Increasing transparency
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Increasing transparency
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Increasing transparency
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Increasing transparency – XBRL and financial management
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Increasing transparency – XBRL and financial management
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Conclusions
• All countries have been affected by the global financial crisis– Economic growth, currency values and export revenue
• More than 60 % of our respondents adopted stimulus programs – Over half believed stimulus programs to be positive
• Benchmarks for phasing out economic recovery programs included improvement in economic growth, general employment and limit to debt capacity
• Increase in spending on infrastructure was given as the number one area of focus for increased investment– Education / Transportation / Healthcare
• Combating the impact of the crisis resulted in an adoption of extraordinary polices
• More than 75% of all respondents spoke of a new commitment to increased transparency– Adoption of new standards included IAS and IPSAS
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Thank you
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Contact
Jason LevergoodGrant Thornton LLPGlobal Public Sector333 John Carlyle Street, Suite 500Alexandria, VA 22314
P 703.637.3006E [email protected]
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