World bank:TRANSPARENCY & ACCOUNTABILITY
Manuel Vargas. PSC Meeting, May 2012.
Contents
• Open Development & Aid Transparency– At the World Bank
• Fiscal Transparency & Accountability– Supported by the World Bank
Open Development at the WB
Aid Transparency Index 2011
Open Access to Audits
• Audited financial statements of World Bank-financed projects– Disclosed by the Borrower and by the Bank– Applicable to operations for which the invitation to
negotiate is issued on or after July 1, 2010
Citizen Feedback for Service DeliveryOpen Government / Fiscal Transparency
Institutions of Accountability (SAIs/PACs) Non-government Capacity Building
Dimensions of T&A
Open Budgets?
Open Budgets!
Fiscal Transparency
• Budget transparency– New condition for World Bank’s Development
Policy Lending (General Budget Support)• At a minimum, publication of the Executive’s budget
proposal or the enacted budget• Readily accessible to the general public in printed form
or on an external website
11Education Mgmt. Info. Unit
Open Budget
BOOST Visualizing Budget
Uganda—value for money Moldova—budget deviation
Fiscal Transparency• World Bank Support Instruments
– Analytical and advisory services• Public Financial Management Performance Reports• Customized TA
– Development policy budget-support operations• Policy actions that include strengthening of accountability institutions and/or
improved fiscal transparency– Financing of PFM projects
• Through loans or grants• Including SAI support
The availability and mix of instruments depends on country-specific partnership strategies.
Direct Support to SAIs
• 43 projects in all Regions
Direct Support to SAIs
• + US$ 110 million
Fiscal Transparency
• World Bank Support to Global Public Goods– PEFA– IPSAS– GIFT– ISSAIs
IPSAS
Serve the public interest by developinghigh quality public sector financial reporting standards and by facilitating the convergence of international and national standards, thereby enhancing the quality and uniformity of financial reporting throughout the world
GIFT
Advance and institutionalize global norms and significant, continuous improvements on fiscal transparency, engagement,
and accountability in countries around the world
ISSAIs
• Financial Audit Standards– US$ 670,000 to date– Engagement until 2014
• ISSAI implementation– US$ 950,000 to date– Engagement until 2014
A shared objective
Top Related