Icgfm Conference Polls

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Surveys from the 23rd Annual ICGFM Conference focused on responses to the financial crisis

Published in: Economy & Finance, Business
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Icgfm Conference Polls

  1. 1. ICGFM Conference Polls From 23rd Annual ICGFM conference in Miami Polling provided thanks to Grant Thornton LLP Discussion at http://icgfm.blogspot.com/2009/05/public-financial-management-key-to
  2. 2. In what region of the world do you normally reside? 50% 1. Africa 2. Europe 3. Asia/Pacific 28% 4. North America 5. South America 15% 5% 2% 1 2 3 4 5
  3. 3. May 2008 – BBC Headline “Oil Prices May Hit $200 a barrel” What was the peak oil price since then and what is the price today? 47% 1. $210 peak, $40 today 2. $145 peak, $56 today 3. $127 peak, $40 today 24% 4. $175 peak, $45 today 17% 12% 1 2 3 4
  4. 4. May 2008 Headline – “IMF cuts global growth forecast after credit crisis” What did the IMF predict for global growth one year ago and what does it predict today? 29% 25% 24% 1. +2%, +.5% 22% 2. +2.7%, -.5% 3. +3.3%, -1% 4. +3.7%, -1.5% 1 2 3 4
  5. 5. How long do you believe it will take before the global economy begins to grow again? 54% Six Months One Year Two Years More than Two Years 21% 23% 3% 1 2 3 4
  6. 6. Does your country face some of the same deficits and challenges that the US faces? 72% Yes No Uncertain 16% 12% 1 2 3
  7. 7. Do you believe that government financial management professionals have an important role to play in stating the facts and speaking the truth in connecting with key government financial issues? 92% Yes No Uncertain 5% 4% 1 2 3
  8. 8. Are you willing to do your part to promote government responsibility and accountability today in order to create a better tomorrow? 33% 33% 33% Yes No Maybe 1 2 3
  9. 9. Do you believe the G20 has taken sufficient steps to resolve the crisis? 1. Yes 70% 2. No 3. Uncertain 24% 6% 1 2 3
  10. 10. Should the path to renewal growth be a return to pre-crisis robust growth, or should the world embark on a fundamentally different path? 1. Yes, emphasis 70% should be on growth recovery 2. No, new investments should aim at sustainable, green 21% global growth. 9% 3. Other 1 2 3
  11. 11. Are reform of IMF and World Bank necessary before providing those with more resources to deal with the crisis? 57% 1. Yes 2. No 3. Don’t Know 30% 13% 1 2 3
  12. 12. Do you agree or disagree that there should be an international capital markets regulator with authority above national regulators? 56% 1. Agree 2. Disagree 3. Uncertain 32% 12% 1 2 3
  13. 13. Do you believe your government would relinquish power to regulate capital markets to an international regulator? 70% 1. Yes 2. No 3. Maybe 17% 13% 1 2 3
  14. 14. Is your country facing a local banking crisis? 59% 1. Yes 2. No 39% 3. Uncertain 2% 1 2 3
  15. 15. Did the financial crisis impact your domestic financing of infrastructure? 68% 1. Positive impact 2. Negative impact 3. Unknown 15% 17% 1 2 3
  16. 16. Are PPPs an important source of finance for public infrastructure in your country? 44% 41% 1. Yes 2. No 3. Unsure 14% 1 2 3
  17. 17. What do you think is the main reason PPPs are adopted? 40% 1. Value for money 2. Risk transfer 3. Source of finance 23% 4. To privatize 15% 15% 5. Political reasons 6. Other 5% 2% 1 2 3 4 5 6
  18. 18. Do you think your government adequately communicates with your local media concerning economic events? 67% 1. Yes 2. No 3. Uncertain 26% 6% 1 2 3
  19. 19. Do you think your local media adequately reports on economic events in your country? 74% 1. Yes 2. No 3. Uncertain 20% 5% 1 2 3
  20. 20. If your country receives donor funding, have you seen a change since the economic crisis? 53% 1. We have seen an increase in donor commitments 39% 2. No change 3. We have seen a decrease in donor commitments 8% 1 2 3
  21. 21. Do you believe your government does a good job of utilizing and coordinating donor aid? 68% 1. They do a good job 2. They do an inadequate job 3. Uncertain 22% 10% 1 2 3
  22. 22. Is your country using recommendations and good practices that emerge from international conferences on Public Finance? 63% 1. Yes, we integrate many recommendations 2. No, we tend not to incorporate them 3. Uncertain 18% 20% 1 2 3
  23. 23. Does your government effectively keep citizens informed about public spending? 55% 1. Yes 2. No 44% 3. Uncertain 1% 1 2 3
  24. 24. Is your government’s lack of effectiveness due to: 62% 1. Lack of will 2. Lack of know how 3. Lack of resource 4. Other 17% 14% 8% 1 2 3 4
  25. 25. Which of the following statements would best describe your country’s efforts towards PFM Reform 1. We have a formal program of 68% public financial management reform 2. We are developing a formal program 3. We do not have a formal program but we intend to introduce reforms soon 4. We do not plan to have a formal program nor will we be 16% introducing reforms soon 13% 5. Do not know/Does not apply 3% 0% 1 2 3 4 5
  26. 26. What factors/issues influenced your country’s decision to implement public financial management reform? 30% 1. Increase involvement/awareness of citizens 26% 2. Improve effectiveness of budget 24% expenditure 3. Increase transparency of government operations 4. Improve accountability to government and business stakeholders 5. To meet requirements from the 9% donor community 6% 6. Other 4% 7. Do not know/Does not apply 1% 1 2 3 4 5 6 7
  27. 27. What is the most important resource that your government needs in order to accomplish its goals for PFM reform? 1. Technical assistance 2. Loans 32% 3. Donor-coordinated trust funds 4. Legal frameworks 24% 5. Training for employees 6. Exchange programs 7. Automated financial management systems 13% 8. Other 11% 9. Do not know/does not apply 5% 4% 4% 4% 3% 1 2 3 4 5 6 7 8 9
  28. 28. If Technical Assistance was selected for the previous question, what type of TA is your government’s PFM priority? 1. Country system diagnostic work 33% 2. Budget preparation 3. Budget execution 4. Accounting and financial reporting 5. External oversight 6. Information access 7. Reforms at the national level 16% 8. Reforms at the sub-national level 9. Implementation of an integrated Financial 10% 10% 9% 9% Management Information System 0. Other 5% 5% 3% 0% 1 2 3 4 5 6 7 8 9 10
  29. 29. The IMF defines transparency in government operations as: Openness toward the public at large about government structure and functions, fiscal policy intentions, public sector accounts, and projections. Do you agree with this definition? 33% 33% 33% 1. Yes 2. No 3. Unsure 1 2 3
  30. 30. Does your legislative branch (Parliament) have independent budget expertise? 1. Yes 60% 2. No 3. Unsure 38% 1% 1 2 3
  31. 31. Is your country enacting a stimulus spending bill to counter the economic conditions? 60% Yes No 38% Unsure 3% 1 2 3
  32. 32. Has a PEFA assessment been carried out in your country? 36% 1. Yes 34% 2. No 30% 3. Unknown 1 2 3
  33. 33. Have you personally been involved in the PEFA assessment work? 67% 1. No 2. Yes, as an assessment team member 3. Yes, as a supervisor or report reviewer 4. Yes, providing information to the assessment team 5. Yes, as a user of the final 15% assessment report 10% 8% 0% 1 2 3 4 5
  34. 34. Do you believe that the use of the PEFA Framework could have a positive impact on PFM reform in your country? 72% 1. Yes 2. No 3. No opinion 22% 6% 1 2 3

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