May 19, 2014Doug Hadden
Doug Hadden, VP Products
I’m looking forward to an analysis of global mega tends today at the 28th. Annual International Consortium on Governmental Financial Management (ICGFM) conference in Miami. Presenters Trevor Davies and Mark Fitzgerald, Principal, International Development Assistance Services of KPMG have done some interesting work on the subject. Many countries have devised long-term development objectives for 2020, 2025 or 2030. Trevor and Mark are focused on 2030.
The impact of rapid urbanization with high youth unemployment is a global challenge. Davies calls this a “lost generation” who destabilize countries.
Davies sees “a disconnect between outcomes and intentions”‘in development projects. “At what point are you learning lessons and feeding those lessons back into the project? If you begin a project in 2013, you would not learn lessons from it until 2021. So the results are slow to arrive, and when they do, they are considered out of date. A donor will say: ‘Well, yes, that project was flawed, but we don’t use that framework anymore.'”