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Acronyms
PFM’s Role in
Meeting Sustainable Development Goals
Samia Msadek
Practice Director, Public Resource Mobilization and Management
Governance Global Practice
The World Bank Group
Acronyms
Fall in global poverty over the past two
decades…with a projection to fall below 10% in
2015
….but more needs to be done!!
Eradicating Poverty Matters
2
Acronyms
• 800 million people still suffer from hunger
• Over 300 million extreme poor are in Africa
• Over 60 million people displaced due to conflicts
Poverty…an obstacle to all
3
Acronyms
• Reduce extreme poverty to 3% by 2030
• Boost shared prosperity
World Bank Twin Goals
4
Acronyms
Current Global Context – Socio-Political Dimension
ISIS
Social Protection
Access to Education
Gender Equality
5
Acronyms
A new dynamic… new
horizons
6
GLOBAL
CONTEXT
Economic
Profession
Socio-
Political
Acronyms
• Economic growth must be inclusive
• Major investments in people - Health and
Education
• Safety nets to prevent falling back into poverty
because of poor health, economic shocks,
insecurity and natural disasters
Thinking sustainability to shape the future
7
Acronyms
Multi facet agenda
• 17 SDGs/dimensions - to act on all dimensions
• Data – to act where needed
• Partnerships – to act in synch
• Inclusiveness – to act rightly
Shaping the future….From MDGs to SDGs
8
Acronyms
Achieving the SDGs will require more than
international aid and support
• Change of mindsets
• Domestic Revenue Mobilization
• From counting to accountability
…Good governance matters
Shaping the Future: from Millions to Trillions
9
Acronyms
Africa Illicit Financial Flows:
• 1970-2008: US$ 854 billion
• 2000-2008: US$ 437 billion
• Currently estimated at over US$ 50 billion
yearly, which exceeds the total official
development assistance (US$ 46 billion in 2012)
• Compared to Africa’s total debt outstanding of
US$ 250 billion (end of 2008)
Acting Now…
10
Acronyms
• Financial Accountability
• Efficient institutions to serve citizens
• Citizen centric approach
Management of Public Finance
11
Acronyms
Accelerate the Reform Agenda
• Local ownership and commitment
• Global knowledge for better local solutions
• Regional solutions to common issues
….Donors coordination
Partnering for Results
12
Acronyms
WE
We don’t act rightly because we have
virtue or excellence but we rather have
those because we acted rightly - Aristotle
13
Acronyms
Annex
14
Acronyms
With the adoption of Sustainable Development Goals, the international community agreed
to an ambitious and bold new 2030 Agenda for Development spanning the next 15 years
15
Acronyms
Finance
Data
Implementation
In collaboration with MDBs, applying
the “billions” in ODA and in available
development resources to attract, leverage,
and mobilize
“trillions” in investments of all kinds: public
and private, national and global, in both
capital and
capacity
The World Bank Group’s Role
The World Bank Group has identified three core areas of focus in
supporting the 2030 Agenda
16
Acronyms
Finance
Data
Implementation
To address poverty data sparsity and
inconsistency, work with countries and
development partners to step up data
collection in 78 poorest countries – “to
know the poor by name” - so that policies
and programs reach those that have not
benefitted from strong growth since 2000
The World Bank Group’s Role
The World Bank Group has identified three core areas of focus in
supporting 2030 Agenda
17
Acronyms
Finance
Data
Implementation
Promote and support the global public goods
agenda and to help countries achieve SDGs
in accordance with national priorities and
smart partnerships that engage the wider
development community – MDBs, CSOs and
the private sector
The World Bank Group’s Role
The World Bank Group has identified three core areas of focus in
supporting 2030 Agenda
18
Acronyms
The 2030 Agenda recognizes that:
• Sustained, inclusive and sustainable economic growth is
essential for prosperity and can only be possible if wealth is
shared income inequality is addressed
• Sustainable development cannot be realized without peace
and security; and peace and security will be at risk without
sustainable development
• Peaceful, just and inclusive societies are based on effective
rule of law and good governance at all levels and on
transparent, effective and accountable institutions
The Role of PFM
19
Acronyms
In considering the means of implementation, the 2030 Agenda
recognizes:
• That International public finance plays an important catalytic
role in complementing countries’ efforts to mobilize
domestic resources
• The importance of international financial institutions’
support for the policy space, voice and participation of each
country in economic decision making, norm setting and
global economic governance
• That parliaments play a key role in ensuring accountability
for implementation of SDG commitments
The Role of PFM
20
Acronyms
In considering its follow-up and review, the 2030 Agenda
observes:
• That quality, accessible, timely and reliable data will be
needed to measure progress and to ensure that no one is
left behind
The Role of PFM
21
Acronyms
IDENTIFICATION
2PREPARATION/ASSESSMENT
16.4 – By 2030, significantly reduce illicit financial and arms flows, strengthen
recovery and return of stolen assets and combat all forms of organized crime
16.5 – Substantially reduce corruption and bribery in all their forms
16.6 – Develop effective, accountable and transparent institutions at all levels
16.10 – Ensure public access to information and protection of fundamental
freedoms, in accordance with national legislation and international agreements
22
Acronyms
IDENTIFICATION
2PREPARATION/ASSESSMENT
17.1 – Strengthen domestic resource mobilization, including through
international support to developing countries, to improve domestic capacity for
tax and other revenue collection
17.3 – Mobilize additional financial resources for developing countries from
multiple sources
17.17 – Encourage and promote effective public, public-private and civil society
partnerships, building on experience and resourcing strategies of partnerships
23
Acronyms
“We the peoples” are the celebrated opening words of the Charter of the United
Nations. It is “we the peoples” who are embarking today on the road to 2030.
Our journey will involve Governments as well as parliaments, the UN system and
other international institutions, local authorities, indigenous peoples, civil
society, business and the private sector, the scientific and academic community –
and all people.
Millions have already engaged with, and will own, this Agenda. It is an Agenda
of the people, by the people and for the people – and this, we believe, will ensure
its success.
Transforming our World: the 2030 Agenda for Sustainable Development
The United Nations General Assembly
A call for action to change the world
24
Acronyms
Thank You
Samia Msadek
Practice Director, Public Resource Mobilization and Management
Governance Global Practice
The World Bank Group

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Day1 sp1 igcfm samia presentation dc conference-msadek_en

  • 1. Acronyms PFM’s Role in Meeting Sustainable Development Goals Samia Msadek Practice Director, Public Resource Mobilization and Management Governance Global Practice The World Bank Group
  • 2. Acronyms Fall in global poverty over the past two decades…with a projection to fall below 10% in 2015 ….but more needs to be done!! Eradicating Poverty Matters 2
  • 3. Acronyms • 800 million people still suffer from hunger • Over 300 million extreme poor are in Africa • Over 60 million people displaced due to conflicts Poverty…an obstacle to all 3
  • 4. Acronyms • Reduce extreme poverty to 3% by 2030 • Boost shared prosperity World Bank Twin Goals 4
  • 5. Acronyms Current Global Context – Socio-Political Dimension ISIS Social Protection Access to Education Gender Equality 5
  • 6. Acronyms A new dynamic… new horizons 6 GLOBAL CONTEXT Economic Profession Socio- Political
  • 7. Acronyms • Economic growth must be inclusive • Major investments in people - Health and Education • Safety nets to prevent falling back into poverty because of poor health, economic shocks, insecurity and natural disasters Thinking sustainability to shape the future 7
  • 8. Acronyms Multi facet agenda • 17 SDGs/dimensions - to act on all dimensions • Data – to act where needed • Partnerships – to act in synch • Inclusiveness – to act rightly Shaping the future….From MDGs to SDGs 8
  • 9. Acronyms Achieving the SDGs will require more than international aid and support • Change of mindsets • Domestic Revenue Mobilization • From counting to accountability …Good governance matters Shaping the Future: from Millions to Trillions 9
  • 10. Acronyms Africa Illicit Financial Flows: • 1970-2008: US$ 854 billion • 2000-2008: US$ 437 billion • Currently estimated at over US$ 50 billion yearly, which exceeds the total official development assistance (US$ 46 billion in 2012) • Compared to Africa’s total debt outstanding of US$ 250 billion (end of 2008) Acting Now… 10
  • 11. Acronyms • Financial Accountability • Efficient institutions to serve citizens • Citizen centric approach Management of Public Finance 11
  • 12. Acronyms Accelerate the Reform Agenda • Local ownership and commitment • Global knowledge for better local solutions • Regional solutions to common issues ….Donors coordination Partnering for Results 12
  • 13. Acronyms WE We don’t act rightly because we have virtue or excellence but we rather have those because we acted rightly - Aristotle 13
  • 15. Acronyms With the adoption of Sustainable Development Goals, the international community agreed to an ambitious and bold new 2030 Agenda for Development spanning the next 15 years 15
  • 16. Acronyms Finance Data Implementation In collaboration with MDBs, applying the “billions” in ODA and in available development resources to attract, leverage, and mobilize “trillions” in investments of all kinds: public and private, national and global, in both capital and capacity The World Bank Group’s Role The World Bank Group has identified three core areas of focus in supporting the 2030 Agenda 16
  • 17. Acronyms Finance Data Implementation To address poverty data sparsity and inconsistency, work with countries and development partners to step up data collection in 78 poorest countries – “to know the poor by name” - so that policies and programs reach those that have not benefitted from strong growth since 2000 The World Bank Group’s Role The World Bank Group has identified three core areas of focus in supporting 2030 Agenda 17
  • 18. Acronyms Finance Data Implementation Promote and support the global public goods agenda and to help countries achieve SDGs in accordance with national priorities and smart partnerships that engage the wider development community – MDBs, CSOs and the private sector The World Bank Group’s Role The World Bank Group has identified three core areas of focus in supporting 2030 Agenda 18
  • 19. Acronyms The 2030 Agenda recognizes that: • Sustained, inclusive and sustainable economic growth is essential for prosperity and can only be possible if wealth is shared income inequality is addressed • Sustainable development cannot be realized without peace and security; and peace and security will be at risk without sustainable development • Peaceful, just and inclusive societies are based on effective rule of law and good governance at all levels and on transparent, effective and accountable institutions The Role of PFM 19
  • 20. Acronyms In considering the means of implementation, the 2030 Agenda recognizes: • That International public finance plays an important catalytic role in complementing countries’ efforts to mobilize domestic resources • The importance of international financial institutions’ support for the policy space, voice and participation of each country in economic decision making, norm setting and global economic governance • That parliaments play a key role in ensuring accountability for implementation of SDG commitments The Role of PFM 20
  • 21. Acronyms In considering its follow-up and review, the 2030 Agenda observes: • That quality, accessible, timely and reliable data will be needed to measure progress and to ensure that no one is left behind The Role of PFM 21
  • 22. Acronyms IDENTIFICATION 2PREPARATION/ASSESSMENT 16.4 – By 2030, significantly reduce illicit financial and arms flows, strengthen recovery and return of stolen assets and combat all forms of organized crime 16.5 – Substantially reduce corruption and bribery in all their forms 16.6 – Develop effective, accountable and transparent institutions at all levels 16.10 – Ensure public access to information and protection of fundamental freedoms, in accordance with national legislation and international agreements 22
  • 23. Acronyms IDENTIFICATION 2PREPARATION/ASSESSMENT 17.1 – Strengthen domestic resource mobilization, including through international support to developing countries, to improve domestic capacity for tax and other revenue collection 17.3 – Mobilize additional financial resources for developing countries from multiple sources 17.17 – Encourage and promote effective public, public-private and civil society partnerships, building on experience and resourcing strategies of partnerships 23
  • 24. Acronyms “We the peoples” are the celebrated opening words of the Charter of the United Nations. It is “we the peoples” who are embarking today on the road to 2030. Our journey will involve Governments as well as parliaments, the UN system and other international institutions, local authorities, indigenous peoples, civil society, business and the private sector, the scientific and academic community – and all people. Millions have already engaged with, and will own, this Agenda. It is an Agenda of the people, by the people and for the people – and this, we believe, will ensure its success. Transforming our World: the 2030 Agenda for Sustainable Development The United Nations General Assembly A call for action to change the world 24
  • 25. Acronyms Thank You Samia Msadek Practice Director, Public Resource Mobilization and Management Governance Global Practice The World Bank Group