SlideShare a Scribd company logo
1 of 2
The Sovereign Debt Crisis, a Matter of Urgency —
 From Lessons to Reform




Code of Fiscal Responsibility – Keeping Sovereign States Out
 of Budget, Accounting and Financial Management Trouble



                 Honourable Ruth Richardson
              Former New Zealand Finance Minister




                                              Page 1 | Confidential and Proprietary Information
The Sovereign Debt Crisis, a Matter of Urgency —
From Lessons to Reform

             The Golden Triangle of Reform


                       The Ideas




       The Machine                   The Institutions




                                             Page 2 | Confidential and Proprietary Information

More Related Content

Viewers also liked

Aktuelle Projekte und Neuerungen in 4.1
Aktuelle Projekte und Neuerungen in 4.1Aktuelle Projekte und Neuerungen in 4.1
Aktuelle Projekte und Neuerungen in 4.1ilubunibe
 
Translating phrases
Translating phrasesTranslating phrases
Translating phrasesmsj1998
 
Aste santurako lanak
Aste santurako lanakAste santurako lanak
Aste santurako lanakODISEAB5
 
53211830
5321183053211830
53211830Bu Bank
 
Perfil de la diputada maría sandra ugalde basaldúa
Perfil de la diputada maría sandra ugalde basaldúaPerfil de la diputada maría sandra ugalde basaldúa
Perfil de la diputada maría sandra ugalde basaldúaUNAM
 
Marifil Mines K-2 Potash Project Fact Sheet
Marifil Mines K-2 Potash Project Fact SheetMarifil Mines K-2 Potash Project Fact Sheet
Marifil Mines K-2 Potash Project Fact SheetViral Network Inc
 
Trabalho sobre Saramago
Trabalho sobre SaramagoTrabalho sobre Saramago
Trabalho sobre SaramagoBe Carrazeda
 
New microsoft office power point presentation
New microsoft office power point presentationNew microsoft office power point presentation
New microsoft office power point presentationMUHAMMAD1111
 
Virtual + magazine es (2012)
Virtual + magazine   es (2012)Virtual + magazine   es (2012)
Virtual + magazine es (2012)michaelhandforth
 

Viewers also liked (14)

Aktuelle Projekte und Neuerungen in 4.1
Aktuelle Projekte und Neuerungen in 4.1Aktuelle Projekte und Neuerungen in 4.1
Aktuelle Projekte und Neuerungen in 4.1
 
2012-art-search-flyer
2012-art-search-flyer2012-art-search-flyer
2012-art-search-flyer
 
Translating phrases
Translating phrasesTranslating phrases
Translating phrases
 
Testemunhando como jesus
Testemunhando como jesusTestemunhando como jesus
Testemunhando como jesus
 
Aste santurako lanak
Aste santurako lanakAste santurako lanak
Aste santurako lanak
 
Mike b aker poeta
Mike b aker poetaMike b aker poeta
Mike b aker poeta
 
53211830
5321183053211830
53211830
 
Perfil de la diputada maría sandra ugalde basaldúa
Perfil de la diputada maría sandra ugalde basaldúaPerfil de la diputada maría sandra ugalde basaldúa
Perfil de la diputada maría sandra ugalde basaldúa
 
Marifil Mines K-2 Potash Project Fact Sheet
Marifil Mines K-2 Potash Project Fact SheetMarifil Mines K-2 Potash Project Fact Sheet
Marifil Mines K-2 Potash Project Fact Sheet
 
Inseguridad
InseguridadInseguridad
Inseguridad
 
Trabalho sobre Saramago
Trabalho sobre SaramagoTrabalho sobre Saramago
Trabalho sobre Saramago
 
K3-K4 Properties Fact Sheet
K3-K4 Properties Fact SheetK3-K4 Properties Fact Sheet
K3-K4 Properties Fact Sheet
 
New microsoft office power point presentation
New microsoft office power point presentationNew microsoft office power point presentation
New microsoft office power point presentation
 
Virtual + magazine es (2012)
Virtual + magazine   es (2012)Virtual + magazine   es (2012)
Virtual + magazine es (2012)
 

More from International Federation of Accountants

Otros pronunciamientos: Información financiera según la base contable de efec...
Otros pronunciamientos: Información financiera según la base contable de efec...Otros pronunciamientos: Información financiera según la base contable de efec...
Otros pronunciamientos: Información financiera según la base contable de efec...International Federation of Accountants
 
Presentación de los Estados Financieros Estados de situación financiera, rend...
Presentación de los Estados Financieros Estados de situación financiera, rend...Presentación de los Estados Financieros Estados de situación financiera, rend...
Presentación de los Estados Financieros Estados de situación financiera, rend...International Federation of Accountants
 

More from International Federation of Accountants (20)

Closing Remarks International Women's Day 2024
Closing Remarks International Women's Day 2024Closing Remarks International Women's Day 2024
Closing Remarks International Women's Day 2024
 
IFAC Principios revisados de Gobierno Corporativo del G20 y de la OCDE
IFAC Principios revisados de Gobierno Corporativo del G20 y de la OCDEIFAC Principios revisados de Gobierno Corporativo del G20 y de la OCDE
IFAC Principios revisados de Gobierno Corporativo del G20 y de la OCDE
 
IFAC Presentación IGEP sobre OCDE-G20, Febrero 2024
IFAC Presentación IGEP sobre OCDE-G20, Febrero 2024IFAC Presentación IGEP sobre OCDE-G20, Febrero 2024
IFAC Presentación IGEP sobre OCDE-G20, Febrero 2024
 
Preparing for High Quality Sustainability assurance Engagements
Preparing for High Quality Sustainability assurance EngagementsPreparing for High Quality Sustainability assurance Engagements
Preparing for High Quality Sustainability assurance Engagements
 
Otros pronunciamientos: Información financiera según la base contable de efec...
Otros pronunciamientos: Información financiera según la base contable de efec...Otros pronunciamientos: Información financiera según la base contable de efec...
Otros pronunciamientos: Información financiera según la base contable de efec...
 
Otros pronunciamientos: Guías de Prácticas Recomendadas
Otros pronunciamientos: Guías de Prácticas RecomendadasOtros pronunciamientos: Guías de Prácticas Recomendadas
Otros pronunciamientos: Guías de Prácticas Recomendadas
 
Otros pronunciamientos: Marco conceptual
Otros pronunciamientos: Marco conceptualOtros pronunciamientos: Marco conceptual
Otros pronunciamientos: Marco conceptual
 
Adopción por primera vez de las NICSP de base de devengo
Adopción por primera vez de las NICSP de base de devengoAdopción por primera vez de las NICSP de base de devengo
Adopción por primera vez de las NICSP de base de devengo
 
Moneda Extranjera
Moneda ExtranjeraMoneda Extranjera
Moneda Extranjera
 
Presentación de la información presupuestaria
Presentación de la información presupuestariaPresentación de la información presupuestaria
Presentación de la información presupuestaria
 
Revelaciones de partes relacionadas
Revelaciones de partes relacionadasRevelaciones de partes relacionadas
Revelaciones de partes relacionadas
 
Estado de Flujos de Efectivo
Estado de Flujos de EfectivoEstado de Flujos de Efectivo
Estado de Flujos de Efectivo
 
Presentación de los Estados Financieros Estados de situación financiera, rend...
Presentación de los Estados Financieros Estados de situación financiera, rend...Presentación de los Estados Financieros Estados de situación financiera, rend...
Presentación de los Estados Financieros Estados de situación financiera, rend...
 
Combinaciones del sector público
Combinaciones del sector públicoCombinaciones del sector público
Combinaciones del sector público
 
Consolidación
ConsolidaciónConsolidación
Consolidación
 
Instrumentos financieros – Revelaciones
Instrumentos financieros – RevelacionesInstrumentos financieros – Revelaciones
Instrumentos financieros – Revelaciones
 
Instrumentos financieros – Cobertura y derivados
Instrumentos financieros – Cobertura y derivadosInstrumentos financieros – Cobertura y derivados
Instrumentos financieros – Cobertura y derivados
 
Instrumentos financieros – Conceptos básicos
Instrumentos financieros –  Conceptos básicos Instrumentos financieros –  Conceptos básicos
Instrumentos financieros – Conceptos básicos
 
Instrumentos financieros – Revelaciones
Instrumentos financieros –  Revelaciones Instrumentos financieros –  Revelaciones
Instrumentos financieros – Revelaciones
 
Instrumentos financieros – Coberturas y derivados
Instrumentos financieros – Coberturas y derivadosInstrumentos financieros – Coberturas y derivados
Instrumentos financieros – Coberturas y derivados
 

Recently uploaded

Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...lizamodels9
 
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...lizamodels9
 
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby AfricaKenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africaictsugar
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfJos Voskuil
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...lizamodels9
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaoncallgirls2057
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfrichard876048
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...lizamodels9
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyotictsugar
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...ictsugar
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 

Recently uploaded (20)

Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
 
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
 
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby AfricaKenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africa
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdf
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
Corporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information TechnologyCorporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information Technology
 
Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyot
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 

The Honourable Ruth Richardson, Former New Zealand Finance Minister - IFAC Sovereign Debt Seminar

  • 1. The Sovereign Debt Crisis, a Matter of Urgency — From Lessons to Reform Code of Fiscal Responsibility – Keeping Sovereign States Out of Budget, Accounting and Financial Management Trouble Honourable Ruth Richardson Former New Zealand Finance Minister Page 1 | Confidential and Proprietary Information
  • 2. The Sovereign Debt Crisis, a Matter of Urgency — From Lessons to Reform The Golden Triangle of Reform The Ideas The Machine The Institutions Page 2 | Confidential and Proprietary Information