Grant thornton global financial management leaders responses to an economically challenging world

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Jason Levergood from Grant Thornton presents results of 2010 Global Survey at ICGFM Winter Conference

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Grant thornton global financial management leaders responses to an economically challenging world

  1. 1. Global Financial Management Leaders: Responses to an Economically Challenging WorldJason LevergoodGrant Thornton LLPInternational Consortium on Governmental Financial Management Winter Conference, Washington, DCDecember 8, 2010 – Inter-American Development Bank<br />
  2. 2. Agenda<br />About the survey<br />Impact of the crisis<br />Investment in infrastructure<br />Increasing transparency<br />2011 ICGFM survey<br />2<br />
  3. 3. About the ICGFM survey<br />Sponsored by ICGFM, conducted by Grant Thornton<br />Survey methodology<br />Anonymity<br />Purpose: Examine impact and responses to economic upheaval and gain ideas for improving financial management <br />3<br />
  4. 4. Impact of the global financial crisis<br />Impact<br />Stimulus programs<br />4<br />
  5. 5. Impact of the global financial crisis<br />5<br />
  6. 6. Impact of the global financial crisis – Stimulus programs<br />6<br />
  7. 7. Impact of the global financial crisis – Stimulus programs<br />7<br />
  8. 8. Impact of the global financial crisis – Stimulus programs<br />8<br />
  9. 9. Investment in infrastructure<br />Attracting outside investment<br />Public private partnerships<br />9<br />
  10. 10. Investment in infrastructure – Attracting outside investment<br />10<br />
  11. 11. Investment in infrastructure – Attracting outside investment<br />11<br />
  12. 12. Investment in infrastructure – Public private partnerships<br />12<br />
  13. 13. Investment in infrastructure – Public private partnerships<br />13<br />
  14. 14. Investment in infrastructure – Public private partnerships<br />14<br />
  15. 15. Increasing transparency<br />XBRL and financial management<br />15<br />
  16. 16. Increasing transparency<br />16<br />
  17. 17. Increasing transparency<br />17<br />
  18. 18. Increasing transparency<br />18<br />
  19. 19. Increasing transparency – XBRL and financial management<br />19<br />
  20. 20. Increasing transparency – XBRL and financial management<br />20<br />
  21. 21. Conclusions<br />All countries have been affected by the global financial crisis<br />Economic growth, currency values and export revenue <br />More than 60 % of our respondents adopted stimulus programs <br />Over half believed stimulus programs to be positive<br />Benchmarks for phasing out economic recovery programs included improvement in economic growth, general employment and limit to debt capacity<br />Increase in spending on infrastructure was given as the number one area of focus for increased investment<br />Education / Transportation / Healthcare<br />Combating the impact of the crisis resulted in an adoption of extraordinary polices<br />More than 75% of all respondents spoke of a new commitment to increased transparency<br />Adoption of new standards included IAS and IPSAS<br />21<br />
  22. 22. Thank you<br />22<br />
  23. 23. Contact<br />Jason LevergoodGrant Thornton LLPGlobal Public Sector333 John Carlyle Street, Suite 500Alexandria, VA 22314<br />P 703.637.3006E Jason.Levergood@gt.com<br />23<br />

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