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 •Specialization
–Technical Assistance –Accounting
–IT Consulting –Audit
–Software –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
Where do I find assistance?

the International Consortium on

Governmental Financial Management

www.icgfm.org
 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
 ICGFM Conference Attendees
8 ECA Countries

9 Developed Countries
2 MNA Countries
6 EAP Countries

2 SA Countries

19 LAC Countries

20 SSA Countries

+ 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’