Presentation on theme: "World bank: TRANSPARENCY & ACCOUNTABILITY Manuel Vargas. PSC Meeting, May 2012."— Presentation transcript:
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 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
Citizen Feedback for Service Delivery Open Government / Fiscal Transparency Institutions of Accountability (SAIs/PACs)Non-government Capacity Building Dimensions of T&A
Open Budgets? Open Budgets!
Fiscal Transparency Budget transparency – New condition for World Banks Development Policy Lending (General Budget Support) At a minimum, publication of the Executives budget proposal or the enacted budget Readily accessible to the general public in printed form or on an external website
11 Education Mgmt. Info. Unit Open Budget
BOOST Visualizing Budget Ugandavalue for money Moldovabudget deviation
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.
Direct Support to SAIs 43 projects in all Regions
Direct Support to SAIs + US$ 110 million
Fiscal Transparency World Bank Support to Global Public Goods – PEFA – IPSAS – GIFT – ISSAIs
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
GIFT Advance and institutionalize global norms and significant, continuous improvements on fiscal transparency, engagement, and accountability in countries around the world
ISSAIs Financial Audit Standards – US$ 670,000 to date – Engagement until 2014 ISSAI implementation – US$ 950,000 to date – Engagement until 2014