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Public Financial Management and Country Development News Roundup

 

July 10, 2017

Interesting developments about public financial management, country development and government technology, found by the FreeBalance Strategy and Innovation Group last week.

SURINAME GETS ADDITIONAL PFM FUNDING FROM IDB: FreeBalance customer, Suriname, is to rece $40m from the The Inter-American Development Bank  for fiscal reform. Fiscal sustainability, tax collection, budget planning and public investments are on the reform agenda.
http://www.publicfinanceinternational.org/news/2017/07/inter-american-development-bank-give-suriname-40m-investment-loan

ANTI-CORRUPTION AVENGERS? The International Anti-Corruption Coordination Centre (IACCC), based at the UK’s National Crime Agency (NCA), will take on “grand corruption.”  That is good news for country development.
https://www.occrp.org/en/daily/6685-international-center-launched-to-combat-global-scourge-of-grand-corruption

FAILURE OF CAPACITY BUILDING? A report by Lisa Denney Richard Mallett and Matthew Benson from Secure Livelihoods analyzes the $15B in annual aid spending on capacity building. The result of almost 1/4 of all spending on aid is disappointing.
http://securelivelihoods.org/publications_details.aspx?resourceid=461

WHAT SHOULD BE THE OBJECTIVES OF THE G20? CHRISTINE LAGARDE OF IMF ON WHAT G20 OBJECTIVES OUGHT TO BE: Christrine Lagarde of the IMF identifies priorities including:

  • Reinvigorating productivity growth. In many economies, increased resources for education, training, and incentives that encourage R&D would stimulate investment and unleash entrepreneurial energy. This would give a much-needed boost to how fast economies can sustainably grow.
  • Safeguarding the financial sector. The current period of growth can be used to address corporate and bank vulnerabilities by building up capital and strengthening balance sheets. Sustained growth also means that now is the time to improve—not roll back — oversight and regulatory systems implemented in the aftermath of the crisis. Addressing excessive current account imbalances. Both surplus and deficit countries should confront this problem now to avoid larger corrections down the road. This summit is also a chance to strengthen the global trading system and reaffirm our commitment to well-enforced rules that promote competition while creating a level playing field.

https://blogs.imf.org/2017/07/05/no-time-to-stand-still-strengthening-global-growth-and-building-inclusive-economies/

10 CONCEPTS EVERYONE IN ICT4D SHOULD KNOW: Gabriel Krieshok writes in ICTWorks about important concepts in Information Technology for Development that everyone should know:

  1. Wicked Problems
  2. The Hype Cycle
  3. Design Thinking
  4. Opportunity Cost
  5. IKEA Effect
  6. Externalities
  7. Stakeholder Analysis
  8. Pareto Principle
  9. Eierlegendewollmilchsau
  10. The missing concept

http://www.ictworks.org/2017/07/06/ten-concepts-everyone-in-ict4d-should-know/

DONOR FUNDING FOR NGOS GENERATES SUSPICION IN COUNTRIES: Kendra Dupuy, James Ron and Aseem Prakash in the Washington Post report on the increasing crackdown on foreign NGOs. There is increasing reliance on NGOs rather than governments to deliver foreign aid.
https://www.washingtonpost.com/news/monkey-cage/wp/2017/07/05/__trashed-4/

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Doug Hadden

Doug Hadden

Executive Vice President, Innovation at FreeBalance
Doug is responsible for identifying new global markets, new technologies and trends, and new and enhanced internal processes. Doug leads a cross-functional international team that is responsible for developing product prototypes and innovative go-to-market strategies.

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