PAO Development in EAP:Needs, success factors & challenges        Realizing the Power of PAOs             Hanoi, 17 August...
The World Bank and the East Asia Pacific Region                                    2     Upper MICs    China ◦ Indonesia ◦...
EAP has been increasingly driving global growth…                                3              * Hong Kong, Taiwan, Singap...
However, robust growth is slowing and downsiderisks increasing                                 4        Source: World Bank...
FM Regional Agenda: Supporting WB Prioritiesand EAP Strategy to foster development                                        ...
Accountancy Development in EAP:World Bank Engagement                                       6      Upper MICs  Targeted int...
Accountancy Development in EAP:Moving ahead by addressing the right questions                       7 Number of accountan...
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PAO Development in EAP: Needs, Success factors, and Challenges

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Presentation from Samia Msadek, Manager, Financial Management,
East Asia and Pacific Region, The World Bank, regarding the development and importance of professional accountancy organizations (PAOs) as they relate to financial stability and growth.

Published in: Business, Economy & Finance
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PAO Development in EAP: Needs, Success factors, and Challenges

  1. 1. PAO Development in EAP:Needs, success factors & challenges Realizing the Power of PAOs Hanoi, 17 August 2012 Samia Msadek, Manager, Financial Management, East Asia and Pacific Region, The World Bank
  2. 2. The World Bank and the East Asia Pacific Region 2 Upper MICs China ◦ Indonesia ◦ HICs Malaysia ◦ Philippines ◦ Thailand Australia◦ Japan◦ Korea◦ New Zealand ◦ Singapore Lower MICs / LICs Cambodia ◦ Lao ◦ Mongolia ◦ Vietnam ◦ Myanmar Pacific Islands
  3. 3. EAP has been increasingly driving global growth… 3 * Hong Kong, Taiwan, Singapore, and Korea Source: World Bank EAP Regional Update 2012
  4. 4. However, robust growth is slowing and downsiderisks increasing 4 Source: World Bank EAP Regional Update 2012
  5. 5. FM Regional Agenda: Supporting WB Prioritiesand EAP Strategy to foster development 5 Priorities WB Growth & Inclusion Governance Global Support Strategy EAP Integration Accountability Partnership FM Regional Agenda Systems Capacity & Collaboration People
  6. 6. Accountancy Development in EAP:World Bank Engagement 6 Upper MICs Targeted interventions to enhance PAOs’ HICs capacity, talent “Benchmark” countries: management, and close lessons learned from gaps with HICs results achieved. Opportunities for peer learning and South-South cooperation Lower MICs / LICs Create and/or strengthen PAOs, institutions, systems and governance
  7. 7. Accountancy Development in EAP:Moving ahead by addressing the right questions 7 Number of accountants in relation with the size of an economy Contribution of the accountancy profession to the growth Redefining vs refining … new complex role of the accountants

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