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© Grant Thornton. All rights reserved. What transparency initiative is or would be the most beneficial for your country? 1.Aid transparency 2.Budget execution.

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Presentation on theme: "© Grant Thornton. All rights reserved. What transparency initiative is or would be the most beneficial for your country? 1.Aid transparency 2.Budget execution."— Presentation transcript:

1 © Grant Thornton. All rights reserved. What transparency initiative is or would be the most beneficial for your country? 1.Aid transparency 2.Budget execution + financial reports 3.Budget preparation + budget books 4.Civil service transparency in hiring and salaries 5.Revenue transparency – taxes, extractive industries

2 © Grant Thornton. All rights reserved. How many projects were completed on budget? 1.Under 1/3 2.Between 1/3 and 2/3 3.Above 2/3

3 © Grant Thornton. All rights reserved. What factor most influences FMIS project failures? 1.Complex project design/large # of procurement packages 2.Inadequate capacity/training of project teams 3.Inadequate ICT infrastructure 4.Inappropriate technology 5.Ineffective project coordination 6.Lack of leadership commitment 7.Lack of proper skills in project team 8.Organizational structure poorly suited for integration 9.Weak project preparation and planning

4 © Grant Thornton. All rights reserved. What is the most important FMIS success factor? 1.Adequate preparation and clarity of design 2.Close World Bank supervision 3.External environment (uncontrollable) 4.Flexible project management 5.Focus on capacity building and training 6.Good project management and coordination 7.Pre-existing enabling environment (ICT, HR, accounting) 8.Suitable political environment & committed leadership

5 © Grant Thornton. All rights reserved. What country listed in the case studies do you think had the best blended score (outcomes, sustainability, bank performance, borrower performance)? 1. Albania 2. Guatemala 3. Mongolia 4. Pakistan 5. Turkey

6 © Grant Thornton. All rights reserved. What is the most important pre-requisite for FMIS success? 1.Budget classification 2.Development of a unified chart of accounts, integrated with budget classification 3.Development of commitment control and monitoring mechanisms 4.Establishment of cash management functions 5.Establishment of secure countrywide communication network 6.Preparation of system/data centers 7.Presence of a core team of ICT specialists within PFM organizations 8.Treasury single account operations

7 © Grant Thornton. All rights reserved. What is the largest barrier to making FMIS software sustainable? 1.Civil servant capacity building 2.Civil servant retention 3.Costs of maintaining technical infrastructure: computers, networks, data centres, database software, virus protection etc. 4.Costs to adapt software for reform 5.Costs to maintain and upgrade FMIS software

8 © Grant Thornton. All rights reserved. Which recommendation do you think has the biggest impact on reliability + cost effectiveness of a FMIS? 1.Using electronic payment systems 2.Using digital/electronic signatures for all transactions 3.Electronic document management 4.Publishing budget execution and performance monthly 5.Interoperability and reusability of the information system 6.FMIS development and project management based on international standards 7.Using Free/Open Source Software (FLOSS) in PFM applications

9 © Grant Thornton. All rights reserved. Which of the following options is the most critical success factor for a successful FMIS? 1.Proper attention to capacity building and training plans 2.Close World Bank supervision of the projects 3.Strong leadership and a conducive political environment 4.Flexibility in the way the project was designed and managed


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