World Bank Financial Management Sector September 2010.
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Transcript of World Bank Financial Management Sector September 2010.
FM Sector Strategy
World Bank Financial Management Sector
FM
September 2010
Work of the FM Sector
• Provides assessment, design, implementation support services
• Supports development of sustainable FM capacity
• Use of country systems – the default option
Project Level
• Provides information on country fiduciary environment & risks
• Supports building FM capacity
• Delivers diagnostics, policy & technical advice, technical & project assistance
• Facilitates FM learning & access to expertise
• Maintains & builds partnerships
• Supports standard setting & implementation
• Builds regional practices
• Promotes FM harmonization in improving aid effectiveness
Global Level
Country Level
Bank Policies, FM Manual, & Reference Materials
180 professional staff - 70% based in country offices - working at many levels
Opportunities and Challenges
FM Sector Environme
nt
Portfolio Growth
Diverse Demands
Fraud & Corruption
Risks
IL Reform
Access to Informatio
n Policy
Use of Country Systems
FM Capacity
International strategic partnerships
Delivering quality FM services
in Bank-financed operations
Building country capacity in
FM
Providing reasonable assurance on use of funds
Developing FM capacityof partner countries
Sound FM capacity in All partner countries
A world free of poverty
FM Sector Strategy
Promoting global accounting, auditing, & related standards
FM Sector Board, Committees, Working Groups, Regions, & OPCFM
Bank Vision
FM Vision
Objectives
Strategic
Priorities
Implementation Support
Staffing and resources to deliver results
FM
Vision
Strong and capable FM systems and human resources to manage all public funds and account for the use of those funds to citizens and donors
Partner for development results, fully integrated into preparation &
implementation support for Bank-financed projects & capacity development efforts
COUNTRIES
FM SECTOR
Strategic Objectives
Developing FM capacity of partner countries
Providing reasonable
FM assurance on use of
funds
Strategic Priorities
Delivering quality FM services in Bank-financed operations
Building country capacity in FM
Promoting global accounting, auditing, & related standards
Delivering Quality FM services in Bank-Financed Operations
FY11-13 Strategy Focus Areas
Enhancing quality of FM assurance services•Increased integration with task teams•Greater collaboration with Bank Sectors/Networks/CMUs
Integrating the FM risk-based approach with Bank Operational Risk Assessment Framework for IL
Delivering differentiated services according to country circumstances, risks, and needs•Providing customized solutions & support
Strengthening fiduciary practices in areas critical to good governance and anticorruption
Building Country Capacity in FMFY11-13 Strategy Focus Areas
Deepening implementation of
reforms and building sustainable country
FM capacityDiagnostic studies, PFM improvement programs, implementation support
& knowledge sharing
Helping countries implement accounting,
auditing, & related standards
Developing professional accountancy bodies and
standard-setting institutions
Building country FM systems capacity &
PFM professionalization
Developing systems for results-based lending &
decentralized FM arrangements
Implementation support for ROSC A&A
recommendations and country reform
programs
Promoting Global Accounting, Auditing, and Related Standards
FY11-13 Strategy Focus Areas
Engaging in global
partnerships on high-quality standards
Sharing information
among donors and partners
Supporting regional &
international professional
networks
Strengthening & increasing access to international
standards
Encouraging developing
nations’ inputs to setting global
standards
Promoting adoption &
implementation of international
standards
Governance and AnticorruptionSupport governments to strengthen their institutional arrangements for preventing and detecting corruption
Support key government agencies responsible for management and control of corruption risks
Conduct analytic & advisory
work
Strengthen internal controls & internal audit
Improve financial reporting & audit
Support IFMIS
developments Enhance
legislative scrutiny
Implementation of the Strategy
Quality assura
nce
Collaboration and partners
hips
Staffing to
deliver results
Knowledge,
learning, outreach
Committees & Working Groups
OPCFM
FM Sector
Monitoring Results
International strategic partnerships
Delivering quality FM services
in Bank-financed operations
Building country capacity in
FM
Providing reasonable assurance on use of funds
Developing FM capacityof partner countries
Sound FM capacity in All partner countries
A world free of poverty
FM Sector Strategy
Promoting global accounting, auditing, & related standards
FM Sector Board, Committees, Working Groups, Regions, & OPCFM
Bank Vision
FM Vision
Objectives
Strategic
Priorities
Implementation Support
Staffing and resources to deliver resultsPartnering for Development Results
Moving Forward…