Promoting Public Investment Efficiency

Transcription

1 Promoting Public Investment Efficiency Global Lessons and Resources for Strengthening World Bank Support for Client Countries Intercontinental Hotel, Hanoi September 8-9, 2010 Jointly organized by the Public Sector Governance Anchor, Africa Public Sector Reform and Capacity Building Unit, East Asia and Pacific PREM Sector Unit, and Korea Development Institute, with the support of the Korean Trust Fund. Both developed and developing countries are increasingly concerned with developing better strategies to improve public investment prioritization and management for the purpose of growth and poverty reduction. The recent global fiscal crisis, and commodity price volatility, has heightened concerns around how to increase public investment efficiency. Public investment in physical assets, such as economic infrastructure or health or education facilities that contribute to improvements in human capital, is often weakened by low efficiency stemming from poor project selection and implementation. But practice has proven that reforming public investment management (PIM) systems is not without its challenges. Managing increasingly sophisticated investments, including through public-private partnerships, is institutionally complex. Reforming PIM systems is politically challenging given strong vested interests and requires the buy-in of both cross-cutting and sectoral agencies. The aim of this workshop is to share global lessons and experience concerning strategies that can be catered to different country contexts to improve public investment management. The emphasis will be on going beyond diagnosis and developing a shared understanding of key debates on how to move forward in this area. It seeks to identify how reforms can be encouraged from the perspective of political drivers and attention to implementation tactics, lessons for prioritizing and sequencing reforms for the PIM system, and an appreciation of appropriate reforms to generate better public investment efficiency. Agenda Design: The two-day agenda has been designed to take stock of emerging cross-cutting lessons, building on an illustrative sample of country experiences: 1

2 After setting out the objectives of the workshop, the first day proceeds to examine Vietnam s ongoing reform program. Next the reform experience of South Korea is presented. Despite being a more developed economy, this country has faced its own challenges in how to best drive and sequence steps towards improving public investment management. The afternoon of the first day then concludes with the presentation of emerging cross-cutting issues to-date from the synthesis work. This includes framing the issues of PIM and PIM diagnostics, followed by a more in-depth look at appraisal and procurement and how they related to the overall PIM system functionality. Day 2 begins with an in-depth exploration of challenges across varying contexts, reform drivers and the prioritization and sequencing for PIM reforms. The sessions are intended to further illuminate cross-cutting challenges, variation across country settings, and options for reforms to conclude with a discussion on next steps. The Balkans, Brazil, Peru, Mongolia, and Sierra Leone cases will be presented. 2

3 Hanoi International Conference Investing in Improved Investment Management 08:00-08:20 Registration and coffee 08:20 08:50 Welcome Agenda Day 1: Wednesday, 8 September 2010 (30 minutes) Speakers: Victoria Kwakwa, Country Director for Vietnam, World Bank Cao Viet Sinh, Deputy Minister, Ministry of Planning and Investment, Vietnam Chair: Deepak K. Mishra, Lead Economist, East Asia and Pacific Region, World Bank 08:50 10:00 Motivation and Objectives (70 minutes) Speakers: Anand Rajaram, Sector Manager, Africa Region, World Bank James A. Brumby, Acting Director, Governance and Public Sector, World Bank Jay-Hyung Kim, Managing Director, Public and Private Infrastructure Investment 10:00 10:15 Coffee break Questions/comments from the audience Chair: Deepak K. Mishra, Lead Economist, East Asia and Pacific Region, World Bank I Selected Comparative Public Investment Management: Vietnam and Korea 10:15 11:20 Public Investment Reforms in Vietnam: Challenges and Lessons Learned (65 minutes) Speakers: Nguyen Xuan Tu, Director, Department for Investment Appraisal, Ministry of Investment and Planning, Vietnam Martin Rama, Acting Chief Economist, South Asia Region, World Bank Graham Glenday, Professor, Duke University/ Consultant, Governance and Public Sector, World Bank Chair: Robert Taliercio, Lead Economist, East Asia and Pacific Region, World Bank 3

4 11:20 12:30 Lessons on Public Investment Efficiency from South Korea (70 minutes) Speakers: Jay-Hyung Kim, Managing Director, Public and Private Infrastructure Investment Hojun Lee, Fellow, Public and Private Infrastructure Investment Management Center (PIMAC), Korea Development Institute GP Shukla, Professor, Duke University Chair: Era Dabla-Norris, Deputy Unit Chief, Strategy, Policy and Review Department, International Monetary Fund 12:30 13:30 Lunch II Emerging Synthesis Lessons 13:30-15:00 Patterns in PIM Country Practice (90 minutes) Speaker: Murray Petrie, Consultant, Governance and Public Sector, World Bank Discussants: James A. Brumby, Acting Director, Governance and Public Sector, World Bank Anand Rajaram, Sector Manager, Africa Region, World Bank Jay-Hyung Kim, Managing Director, Public and Private Infrastructure Investment 15:00 15:15 Coffee break Chair: Kai Kaiser, Senior Economist, Governance and Public Sector, World Bank 15:15 17:00 Selected Key Cross-cutting Issues in Public Investment (105 minutes) Speakers: Project Appraisal Graham Glenday, Professor, Duke University/ Consultant, Governance and Public Sector, World Bank 4

5 Jay-Hyung Kim, Managing Director, Public and Private Infrastructure Investment Procurement Alfonso Sánchez, Consultant, Governance and Public Sector, World Bank Paul Keogh, PFM/Governance Advisor, AusAID Chair: Simon Groom, Consultant, Governance and Public Sector, World Bank 17:00 17:15 Closing Session/Wrap-up Day 1 (15 minutes) 18:00-19:30 Reception with cocktail Day 2: Thursday, 9 September :30-09:00 Breakfast III Making Better PIM Happen in Practice: Lessons from Country Contexts 09:00 10:15 Expectations and Lessons from Practitioners What does experience tells us about Priorities, Drivers, and Sequencing in PIM Reform (75 minutes) Emerging Countries Introduction and Chair: Robert Taliercio, Lead Economist, East Asia and Pacific Region, World Bank Speaker: BALKANS and the role of EU Integration: Simon Groom, Consultant, Governance and Public Sector, World Bank 5

6 10:15 10:45 Coffee break Rosa Alonso I Terme, Senior Public Sector Specialist, East Asia and Pacific Region, World Bank Comments/questions from the audience 10:45-12:30 Drivers of Reform: Lessons from Country Contexts (105 minutes) Middle Income Countries Speakers: 12:30 13:30 Lunch BRAZIL: James A. Brumby, Acting Director, Governance and Public Sector, World Bank and Tarsila Velloso, Public Sector Management Specialist, Latin America and the Caribbean Region, World Bank PERU: Jonas Frank, Senior Public Sector Specialist, Latin America and the Caribbean Region, World Bank Hojun Lee, Fellow, Public and Private Infrastructure Investment Management Center (PIMAC), Korea Development Institute (KDI) Chair: Anand Rajaram, Sector Manager, Africa Region, World Bank 13:30-15:15 Drivers of Reform: Lessons from Country Contexts (cont) (105 minutes) Resource and Aid-Dependent Settings Speakers: MONGOLIA: Zahid Hasnain, Senior Public Sector Specialist, East Asia and Pacific Region, World Bank SIERRA LEONE: Murray Petrie, Consultant, Governance and Public Sector, World Bank Tuan Minh Le, Senior Economist, Africa Region, World Bank Chair: Linda Van Gelder, Sector Manager, East Asia and Pacific Region, World Bank 6

7 15:15-15:30 Coffee break 15:30-16:15 Summary of cross-country benchmarking initiatives (45 minutes) Speaker: Era Dabla-Norris, Deputy Unit Chief, Strategy, Policy and Review Department, International Monetary Fund IV Murray Petrie, Consultant, Governance and Public Sector, World Bank Questions and comments from the audience Chair: Jong Wook Lee, Senior Public Sector Specialist, Governance and Public Sector, World Bank Pulling it Together 16:15-17:00 Closing Session (45 minutes) Summary of key findings and next steps Moderators: James A. Brumby, Acting Director, Governance and Public Sector, World Bank Anand Rajaram, Sector Manager, Africa Region, World Bank Jay-Hyung Kim, Managing Director, Public and Private Infrastructure Investment Speakers: Kai Kaiser, Senior Economist, Governance and Public Sector, World Bank Tuan Minh Le, Senior Economist, Africa Region, World Bank 7