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World bank: TRANSPARENCY & ACCOUNTABILITY

World bank: TRANSPARENCY & ACCOUNTABILITY. Manuel Vargas. PSC Meeting, May 2012. Contents. Open Development & Aid Transparency At the World Bank Fiscal Transparency & Accountability Supported by the World Bank. Open Development at the WB. Aid Transparency Index 2011. Open Access to Audits.

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World bank: TRANSPARENCY & ACCOUNTABILITY

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  1. World bank:TRANSPARENCY & ACCOUNTABILITY Manuel Vargas. PSC Meeting, May 2012.

  2. Contents • Open Development & Aid Transparency • At the World Bank • Fiscal Transparency & Accountability • Supported by the World Bank

  3. Open Development at the WB

  4. Aid Transparency Index 2011

  5. Open Access to Audits • Audited financial statements of World Bank-financed projects • Disclosed by the Borrower and by the Bank • Applicable to operations for which the invitation to negotiate is issued on or after July 1, 2010

  6. Dimensions of T&A Open Government / Fiscal Transparency Citizen Feedback for Service Delivery Institutions of Accountability (SAIs/PACs) Non-government Capacity Building

  7. Open Budgets? Open Budgets!

  8. Fiscal Transparency • Budget transparency • New condition for World Bank’s Development Policy Lending (General Budget Support) • At a minimum, publication of the Executive’s budget proposal or the enacted budget • Readily accessible to the general public in printed form or on an external website

  9. Open Budget Education Mgmt. Info. Unit

  10. BOOST Visualizing Budget Uganda—value for money Moldova—budget deviation

  11. Fiscal Transparency • World Bank Support Instruments • Analytical and advisory services • Public Financial Management Performance Reports • Customized TA • Development policy budget-support operations • Policy actions that include strengthening of accountability institutions and/or improved fiscal transparency • Financing of PFM projects • Through loans or grants • Including SAI support The availability and mix of instruments depends on country-specific partnership strategies.

  12. Direct Support to SAIs 43 projects in all Regions

  13. Direct Support to SAIs + US$ 110 million

  14. Fiscal Transparency • World Bank Support to Global Public Goods • PEFA • IPSAS • GIFT • ISSAIs

  15. IPSAS Serve the public interest by developing high quality public sector financial reporting standards and by facilitating the convergence of international and national standards, thereby enhancing the quality and uniformity of financial reporting throughout the world

  16. GIFT Advance and institutionalize global norms and significant, continuous improvements on fiscal transparency, engagement, and accountability in countries around the world

  17. ISSAIs • Financial Audit Standards • US$ 670,000 to date • Engagement until 2014 • ISSAI implementation • US$ 950,000 to date • Engagement until 2014

  18. A shared objective

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