The future of public money: strategies and tools for better investment

SeminarBrusselsEconomic and Monetary Policy Institute
Wed 10 Sep 202510:00 - 15:10

EY and OMFIF are hosting an exclusive meeting, convening senior representatives from finance ministries, the European Union, multilateral organisations and capital market institutions to examine practical insights and strategies for investing public funds more effectively. The meeting will explore the underlying assumptions, tools and frameworks to deliver better fiscal, economic and societal outcomes.

The discussion builds on previous OMFIF-EY work on the future of public money. The seminar touches on key themes such as the measurement of socio-economic outcomes, innovation and the role of technology in public investment, as well as the long-term delivery of public value through capital markets and the private sector.

Proceedings are off the record to encourage thought-provoking dialogue. The roundtable is held in person in Brussels, with a limited number of places available.

Speakers

Giedrė Balčytytė

Member

Seimas of the Republic of Lithuania

Giedrė Balčytytė

Member

Seimas of the Republic of Lithuania

Giedrė Balčytytė is a member of the Seimas of the Republic of Lithuania. She is also a member of the Committee on Legal Affairs and the Committee for the Future. She previously served as chancellor of the Lithuanian government where she oversaw legislative and operational government programme delivery, inter-institutional coordination and the government’s strategic priorities implementation.

Niall Bohan

Director, Asset Debt and Financial Risk Management

European Commission

Niall Bohan

Director, Asset Debt and Financial Risk Management

European Commission

Niall Bohan is director, asset, debt and financial risk management at the European Commission. Bohan was head of the banking unit with responsibility for implementation of the Capital Requirements Regulation and Directive. He assumed responsibility for management of the unit responsible for the capital markets union.

Marie Diron

Managing Director, Sovereign Risk Group

Moody’s Ratings

Marie Diron

Managing Director, Sovereign Risk Group

Moody’s Ratings

Cosmina Dorobantu

Senior Advisor and Visiting Professor in Practice

Data Science Institute, London School of Economics

Cosmina Dorobantu

Senior Advisor and Visiting Professor in Practice

Data Science Institute, London School of Economics

Vladimir Gorshkov

Macro Policy Strategist

State Street Investment Management

Vladimir Gorshkov

Macro Policy Strategist

State Street Investment Management

Mark MacDonald

Global Public Finance Management Leader

EY

Mark MacDonald

Global Public Finance Management Leader

EY

Mark is an advocate for the pursuit of a new vision of government fiscal policy, focused on a framework of public value that extends traditional components of public financial management.  Through his day job as EY’s Global Leader, Public Money, he works with public and private sector leaders who similarly advocate that the future of public money must be different than its past.  This exists at the convergence of fiscal requirement, technology advancement, market capability, and a sense that political economy is seeking new permission for lasting change.

Mark is a member of OMFIF’s Advisory Council and has worked on a series of research and advocacy pieces over the past several years, including work focused on application of innovative technology to public budgeting, continued pursuit of sustainable finance and the role of sovereign wealth and public equity, and our current focus on the Future of Public Money.  Mark is the global sponsor and leader of EY’s blockchain-enabled solutions developed to enhance delivery of public value, with particularly powerful application in the development sphere working with global entities including the United Nations, the IMF, and the World Bank.  He holds a Ph.D. in Public Policy, has 25 years professional experience advising public sector leaders, and maintains a positive belief that the pursuit of public value through markets and public institutions is a noble one.”

Jean-David Malo

Acting Director for ERA and Innovation, Directorate-General for Research and Innovation

European Commission

Jean-David Malo

Acting Director for ERA and Innovation, Directorate-General for Research and Innovation

European Commission

David Marsh

Chairman

OMFIF

David Marsh

Chairman

OMFIF

David Marsh is Chairman and Co-Founder of OMFIF. Before starting at OMFIF in late 2009, he worked for City merchant bank Robert Fleming, corporate finance boutique Hawkpoint, German management consultancy Droege and London investment firm London & Oxford. Marsh took over the chairmanship from John Plender on 1 January 2018 having been Managing Director since 2014. He moved to a non-executive role following John Orchard’s appointment as Chief Executive effective 1 January 2020.

Leandro Navarro

Deputy Head, Economic Analysis Division

Independent Authority for Fiscal Responsibility, AIReF (Spain)

Leandro Navarro

Deputy Head, Economic Analysis Division

Independent Authority for Fiscal Responsibility, AIReF (Spain)

Tom Wickstead

Head of Indirect Effects

Office for Budget Responsibility

Tom Wickstead

Head of Indirect Effects

Office for Budget Responsibility

Timings

10:00 – 10:30: Registration and refreshments

10:30 – 10:40: Welcome and opening remarks

10:40 – 11:40: Session I: Taking the long view: prioritising public investment over expenditure

  • How can governments balance fiscal prudence with investment in future generations?
  • Can investment frameworks capture public value beyond financial returns?
  • Broadening the balance sheet – assessment of public assets and debts

11:40 – 12:00: Refreshments

12:00 – 13:00 Session II: The tools to ensure better public spending

  • Utilising data and technology
  • Capacity building in the public sector
  • Ensuring effective communication and consensus building.

13:00 – 14:00: Lunch

14:00 – 15:00: Session III: Can capital markets support better public spending outcomes?

  • How can capital markets and financial institutions promote better public investment?
  • Can innovative financial instruments complement traditional fiscal tools?
  • What institutional reforms enable better public-private capital mobilisation?

15:00 – 15:10: Closing remarks

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