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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

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

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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]