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 Bankfinanced 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
Dimensions of T&A
Open Government / Fiscal Transparency
Institutions of Accountability (SAIs/PACs)
Citizen Feedback for Service Delivery
Non-government Capacity Building
Open Budgets?
Open Budgets!
Fiscal Transparency
• Budget transparency
– New condition for World Bank’s Development
Policy Lending (General Budget Support)
• At a minimum, publication of the Executive’s budget
proposal or the enacted budget
• Readily accessible to the general public in printed form
or on an external website
Open Budget
Education Mgmt. Info. Unit
11
BOOST Visualizing Budget
Uganda—value for money
Moldova—budget 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 countryspecific 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
A shared objective