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© 2015 Grant Thornton UK LLP. All rights reserved. Jason Levergood & Alejandro Chiappe Grant Thornton International Innovation in public financial management in an increasingly complex and uncertain global environment IMF December 8, 2015

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Page 1: Innovation in public financial management...2015 Global Financial Management Leaders Survey key categories 1. PFM reform: building capacity to match commitment 2. Mastering PPPs: crucial

© 2015 Grant Thornton UK LLP. All rights reserved.

Jason Levergood & Alejandro Chiappe Grant Thornton International

Innovation in public financial management in an increasingly complex and uncertain global environment IMF December 8, 2015

Page 2: Innovation in public financial management...2015 Global Financial Management Leaders Survey key categories 1. PFM reform: building capacity to match commitment 2. Mastering PPPs: crucial

© 2015 Grant Thornton UK LLP. All rights reserved.

Agenda

• About ICGFM surveys – methodology – history – confidentiality – purpose

• Key survey categories • LATAM regional perspective • Conclusions • Acknowledgements

Page 3: Innovation in public financial management...2015 Global Financial Management Leaders Survey key categories 1. PFM reform: building capacity to match commitment 2. Mastering PPPs: crucial

© 2015 Grant Thornton UK LLP. All rights reserved.

About ICGFM and Grant Thornton surveys

• Sponsored by ICGFM, conducted by Grant Thornton • Survey methodology • Anonymity • Purpose: Support the ICGFM mission and provide

insight to PFM professionals for improving government financial management

Page 4: Innovation in public financial management...2015 Global Financial Management Leaders Survey key categories 1. PFM reform: building capacity to match commitment 2. Mastering PPPs: crucial

© 2015 Grant Thornton UK LLP. All rights reserved.

History

• 2005 Resisting Corruption in the Public Sector • 2010 Progress in Public Financial Management Reform • 2011 Public Financial Management Responses to an Economically

Challenging World • 2013 Public Financial Management Reform in a Period of Global

Adjustment • 2015 Public Financial Management Innovations in an Increasingly

Complex and Uncertain Global Environment

Page 5: Innovation in public financial management...2015 Global Financial Management Leaders Survey key categories 1. PFM reform: building capacity to match commitment 2. Mastering PPPs: crucial

© 2015 Grant Thornton UK LLP. All rights reserved.

Making a splash

• Financial Times • AGA Journal of Government Financial Management • Federal Times • The Accountant UK • GovExec • Al Rai • The Edge • Government websites

Page 6: Innovation in public financial management...2015 Global Financial Management Leaders Survey key categories 1. PFM reform: building capacity to match commitment 2. Mastering PPPs: crucial

© 2015 Grant Thornton UK LLP. All rights reserved.

Organizational affiliation of respondents

[VALUE]

[VALUE]

[VALUE] 3% 3

45

10

2 0

5

10

15

20

25

30

35

40

45

50

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Academic Institution Government Agency Others Development Bank orDonor Organisation

% Number of responses

Number of responses = 60

Page 7: Innovation in public financial management...2015 Global Financial Management Leaders Survey key categories 1. PFM reform: building capacity to match commitment 2. Mastering PPPs: crucial

© 2015 Grant Thornton UK LLP. All rights reserved.

2015 Global Financial Management Leaders Survey key categories

1. PFM reform: building capacity to match commitment 2. Mastering PPPs: crucial to meeting infrastructure

demand 3. Transparency: the digital opportunity 4. From financial crisis to new normal

Page 8: Innovation in public financial management...2015 Global Financial Management Leaders Survey key categories 1. PFM reform: building capacity to match commitment 2. Mastering PPPs: crucial

© 2015 Grant Thornton UK LLP. All rights reserved.

LATAM regional perspective

• PPP in the LATAM region and some particularities and perspectives in Argentina

• Different maturity stages in the Provincial and Municipality Government • Need of update of supporting IT developments in terms of hardware

and software • Growing transparency demands and public access to the financial

information • Social financial statements and reports

Page 9: Innovation in public financial management...2015 Global Financial Management Leaders Survey key categories 1. PFM reform: building capacity to match commitment 2. Mastering PPPs: crucial

© 2015 Grant Thornton UK LLP. All rights reserved.

Acknowledgments

• ICGFM President Jack Maykoski, Executive Committee, ICGFM Members worldwide

• MIT CFP and Doug Criscitello • Grant Thornton partners, member firms, London

Global Industries Marketing, Mumbai Global Research Center

Page 10: Innovation in public financial management...2015 Global Financial Management Leaders Survey key categories 1. PFM reform: building capacity to match commitment 2. Mastering PPPs: crucial

© 2015 Grant Thornton UK LLP. All rights reserved.

Thank you [email protected]