A report by OMFIF and EY on the future of public money outlines the need for governments to embrace new ideas, frameworks and technology. Mark MacDonald, global public finance management leader at EY, and Joachim Schwerin, principal economist, DG GROW at the European Commission, join Nikhil Sanghani, managing director, Economic and Monetary Policy Institute at OMFIF. They discuss why governments should embrace new technology as well as how blockchain and artificial intelligence can improve public finance outcomes, the need for greater understanding and the importance of public-private partnerships.
Read: ‘The future of public money: from fiscal fantasy to reality’.
