Blockchain for public finance management
Virtual report launch
The management of public finances is beset by problems of inefficiency and a lack of transparency. Governments struggle to keep track of how their funds are spent. They are forced to expend substantial resources in tracking and reporting their payments and obligations. OMFIF, in collaboration with EY, launch a report to study the degree to which digital improvements to the systems underpinning these functions, perhaps employing blockchain, could improve operational efficiency, oversight and analysis of how best to deploy resources.
One area where this technology could swiftly yield benefits is in ESG capital markets. Investors are increasingly under regulatory pressure to disclose the impact of their portfolios. Accordingly, the demand for bond issuers to report on the way the proceeds of their bonds are spent has also increased. Giving green bond issuers the opportunity to trace funds they disburse more effectively and collect better data on how the money is used could be an immensely valuable innovation.
Timings:Â
14:00-15:00 (London)
09:00- 10:00 (New York)
21:00- 22:00 (Singapore)
Speaker:
Mark MacDonald
Partner &
Global Lead for Public Financial Management
EY
Leslie Maasdorp
Vice President and Chief Financial Officer
New Development Bank
Udaibir Saran Das
Assistant Director and Advisor
Monetary and Capital Markets Department
International Monetary Fund
Anthony Julies
Former Deputy Director
Assets and Liability Management
National Treasury of South Africa
In collaboration with:Â
This virtual discussion is part of the OMFIF Sustainable Policy Institute. The SPI is a high level community which brings together central banks, sovereign funds, public pension funds, and their counterparts in asset management, banking and professional services to explore policy, regulatory and investment challenges posed by environmental, social and governance themes. See more information on OMFIF’s SPI here.
This virtual discussion is part of the OMFIF Digital Monetary Institute. The OMFIF Digital Monetary Institute is a high-level forum which convenes key policy-makers, technology experts, investors and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here. Please contact folusho.olutosin@omfif.org directly for membership details or register your interest below and we’ll be in touch.
     