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Framework for Developing the Joint Financial Management-Procurement Strategy

Framework for Developing the Joint Financial Management-Procurement Strategy. Peter Harrold Director, OPCOS Fiduciary Forum March 25, 2008. Context—the Vision. Inclusive and Sustainable Development for Poverty Reduction Six Themes

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Framework for Developing the Joint Financial Management-Procurement Strategy

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  1. Framework for Developing the Joint Financial Management-Procurement Strategy Peter Harrold Director, OPCOS Fiduciary Forum March 25, 2008

  2. Context—the Vision • Inclusive and Sustainable Development for Poverty Reduction • Six Themes • Help overcome poverty and spur sustainable growth in the poorest countries • Address the challenges of fragile and conflict-affected states • A competitive menu of “development solutions” for Middle-Income Countries (MICs) • Play a more active role in global and regional public goods • Support those advancing development and opportunity in the Arab world • Foster a “knowledge and learning” agenda across the Bank

  3. Cross-Cutting Challenge: • Assisting Countries in Working toward Good Governance and Anticorruption • GAC strategy and implementation • Lessons from the India DIR • Reducing the Non-financial costs of doing business with the World Bank

  4. Relevance of FM and PR for the Bank Strategy • Capable public sector management and public financial management required for delivery of the Bank strategy • Able public sector management at the heart of achieving the MDGs in partner countries • Effective procurement and financial management are essential components of country public financial management and public sector management systems

  5. Relevance of the Bank Strategy and Themes for PR-FM Strategy • Better customization of FM and PR support, based on country needs • The poorest countries • Fragile States • MICs • Global and regional public goods—PR and FM input into complex financing mechanisms • Knowledge and learning—especially relevant • GAC implementation

  6. Putting Country Systems at the Center • Tension between two apparently conflicting roles of FM and PR: • Reasonable assurance on the use of Bank-provided resources • Support for country FM and PR institutions as part of effective public financial management systems in partner countries • The answer—the best and most effective work on reasonable assurance helps countries build their institutions—India DIR response

  7. Challenges • Effectively working as teams and getting out of PR and FM silos • Fitting FM-PR Strategy into an overall public financial management support strategy with PREM—and marketing that strategy • Getting away from one size fits all to true risk-based customization in country support and project support

  8. Collaborative Strategy Development • Need your inputs, ideas, reactions • Now, if you have questions or comments • Not your last chance; as the process rolls out: • Will come back for more input—joint consultations and discussions by Region • Will set up a website for staff inputs, ideas, and comments

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