Global Financial Management Leaders: Responses

to an Economically Challenging World

Jason Levergood
Grant Thornton LLP

International Consortium on Governmental Financial Management

Winter Conference, Washington, DC
December 8, 2010 – Inter-American Development Bank

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 Agenda

• About the survey

• Impact of the crisis

• Investment in infrastructure
• Increasing transparency

• 2011 ICGFM survey

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 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

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 Impact of the global financial crisis

• Impact
• Stimulus programs

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 Impact of the global financial crisis

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 Impact of the global financial crisis – Stimulus
programs

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 Impact of the global financial crisis – Stimulus
programs

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 Impact of the global financial crisis – Stimulus
programs

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 Investment in infrastructure

• Attracting outside investment

• Public private partnerships

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 Investment in infrastructure – Attracting outside
investment

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 Investment in infrastructure – Attracting outside
investment

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 Investment in infrastructure – Public private
partnerships

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 Investment in infrastructure – Public private
partnerships

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 Investment in infrastructure – Public private
partnerships

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 Increasing transparency

• XBRL and financial

management

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 Increasing transparency

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 Increasing transparency

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 Increasing transparency

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 Increasing transparency – XBRL and financial
management

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 Increasing transparency – XBRL and financial
management

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 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

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 Thank you

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 Contact

Jason Levergood
Grant Thornton LLP
Global Public Sector
333 John Carlyle Street, Suite 500
Alexandria, VA 22314

P 703.637.3006
E Jason.Levergood@gt.com

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