Globalization is not an option for business today

Where are the growing emerging markets?

governments represents more than 30% of world

wide GDP

Government Expenditures as a % of GDP 2007: OECD Countries

Government Expenditures as a % of GDP 2006: Non OECD

Countries

emerging countries are growing faster than developed countries

GDP Growth, % Share of World Total*

Share of Global GDP*

Good governance is the only measure that statistically

improves development outcomes

what enables good governance?

http://ideas.repec.org/p/wbk/wbrwps/2196.html

good governance requires:Accountability and

Transparency

good governance requires:Rule of law

good governance requires: Public Financial Management

reform

good governance requires:Information and Communications

Technology

good governance requires:Audit & Oversight

What business opportunities are in

demand?•Products and Services

–Technical Assistance–IT Consulting–Software

•Specialization–Accounting–Audit–Budgeting–Computer Technology–Development Economics–Law–Project Management

Is there political will to improve Public Financial Management in Emerging

Countries?

OECD Country Official Development Assistance

(ODA)

IMF, World Bank and other donors have announced increases in ODA for 2009 and 2010

Top 5 Gains by % in Proposed U.S. Budget

2009 World Wide IT Spending by Vertical

Emerging Markets have High Risk and High

Rewards

How can Emerging Markets risk be reduced?

• Developing partnerships with specialists in Emerging Markets

• Learning from experts from International Financial Institutions

• Identifying opportunities from Governments in Emerging Markets

• Learning about good practices

www.icgfm.org

Where do I find assistance?

the International Consortium on Governmental Financial Management

What is ICGFM?• umbrella organization of practitioners

and academics• focused on public financial management• education and knowledge transfer• special emphasis on emerging countries• annual conferences in Miami and

Washington• monthly forums in Washington• International Journal on Governmental

Financial Management• global social network

annual sustaining membership

seat on the Board of Directors

annual sustaining membership

is only $1,000

annual sustaining membership

opportunities to showcase products and services to an

international audience

19 LAC Countries

20 SSA Countries

6 EAP Countries

2 SA Countries

8 ECA Countries

2 MNA Countries

9 Developed Countries

ICGFM Conference Attendees

+ experts from: World Bank, IMF, Inter-American Development Bank, USAID, CIDA, MCC, OAS, GAO, US Treasury, PEFA Secretariat

Where can I learn more?

Membership: http://www.icgfm.org/icgfmmembership.htm

Blog: http://icgfm.blogspot.com

International Journal: http://www.icgfm.org/digest.htm

‘governance matters’