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

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

2. Agenda About the survey Impact of the crisis Investment in infrastructure Increasing transparency 2011 ICGFM survey 2

3. About the ICGFM survey Sponsored by ICGFM, conducted by Grant Thornton Survey methodology Anonymity Purpose: Examine impact and responses to economic upheaval and gain ideas for improving financial management 3

4. Impact of the global financial crisis Impact Stimulus programs 4

5. Impact of the global financial crisis 5

6. Impact of the global financial crisis – Stimulus programs 6

7. Impact of the global financial crisis – Stimulus programs 7

8. Impact of the global financial crisis – Stimulus programs 8

9. Investment in infrastructure Attracting outside investment Public private partnerships 9

10. Investment in infrastructure – Attracting outside investment 10

11. Investment in infrastructure – Attracting outside investment 11

12. Investment in infrastructure – Public private partnerships 12

13. Investment in infrastructure – Public private partnerships 13

14. Investment in infrastructure – Public private partnerships 14

15. Increasing transparency XBRL and financial management 15

16. Increasing transparency 16

17. Increasing transparency 17

18. Increasing transparency 18

19. Increasing transparency – XBRL and financial management 19

20. Increasing transparency – XBRL and financial management 20

21. Conclusions All countries have been affected by the global financial crisis Economic growth, currency values and export revenue More than 60 % of our respondents adopted stimulus programs Over half believed stimulus programs to be positive Benchmarks for phasing out economic recovery programs included improvement in economic growth, general employment and limit to debt capacity Increase in spending on infrastructure was given as the number one area of focus for increased investment Education / Transportation / Healthcare Combating the impact of the crisis resulted in an adoption of extraordinary polices More than 75% of all respondents spoke of a new commitment to increased transparency Adoption of new standards included IAS and IPSAS 21

22. Thank you 22

23. Contact Jason LevergoodGrant Thornton LLPGlobal Public Sector333 John Carlyle Street, Suite 500Alexandria, VA 22314 P 703.637.3006E Jason.Levergood@gt.com 23