The document discusses the role of public financial management (PFM) in achieving the United Nations' Sustainable Development Goals (SDGs). It notes that the SDGs recognize that sustained economic growth requires reducing inequality and addressing issues like peace, security, governance and corruption. Effective PFM is important for mobilizing domestic resources, ensuring accountability, and measuring progress through quality data. The document outlines several SDG targets related to reducing illicit flows, corruption, and increasing access to information that relate to PFM. Overall, PFM will be crucial to implementing the ambitious 2030 Agenda for Development that was agreed upon by the international community.

1. Acronyms
PFM’s Role in
Meeting Sustainable Development Goals
Samia Msadek
Practice Director, Public Resource Mobilization and Management
Governance Global Practice
The World Bank Group

2. Acronyms
Fall in global poverty over the past two
decades…with a projection to fall below 10% in
2015
….but more needs to be done!!
Eradicating Poverty Matters
2

3. Acronyms
• 800 million people still suffer from hunger
• Over 300 million extreme poor are in Africa
• Over 60 million people displaced due to conflicts
Poverty…an obstacle to all
3

4. Acronyms
• Reduce extreme poverty to 3% by 2030
• Boost shared prosperity
World Bank Twin Goals
4

5. Acronyms
Current Global Context – Socio-Political Dimension
ISIS
Social Protection
Access to Education
Gender Equality
5

6. Acronyms
A new dynamic… new
horizons
6
GLOBAL
CONTEXT
Economic
Profession
Socio-
Political

7. Acronyms
• Economic growth must be inclusive
• Major investments in people - Health and
Education
• Safety nets to prevent falling back into poverty
because of poor health, economic shocks,
insecurity and natural disasters
Thinking sustainability to shape the future
7

8. Acronyms
Multi facet agenda
• 17 SDGs/dimensions - to act on all dimensions
• Data – to act where needed
• Partnerships – to act in synch
• Inclusiveness – to act rightly
Shaping the future….From MDGs to SDGs
8

9. Acronyms
Achieving the SDGs will require more than
international aid and support
• Change of mindsets
• Domestic Revenue Mobilization
• From counting to accountability
…Good governance matters
Shaping the Future: from Millions to Trillions
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10. Acronyms
Africa Illicit Financial Flows:
• 1970-2008: US$ 854 billion
• 2000-2008: US$ 437 billion
• Currently estimated at over US$ 50 billion
yearly, which exceeds the total official
development assistance (US$ 46 billion in 2012)
• Compared to Africa’s total debt outstanding of
US$ 250 billion (end of 2008)
Acting Now…
10

11. Acronyms
• Financial Accountability
• Efficient institutions to serve citizens
• Citizen centric approach
Management of Public Finance
11

12. Acronyms
Accelerate the Reform Agenda
• Local ownership and commitment
• Global knowledge for better local solutions
• Regional solutions to common issues
….Donors coordination
Partnering for Results
12

13. Acronyms
WE
We don’t act rightly because we have
virtue or excellence but we rather have
those because we acted rightly - Aristotle
13

14. Acronyms
Annex
14

15. Acronyms
With the adoption of Sustainable Development Goals, the international community agreed
to an ambitious and bold new 2030 Agenda for Development spanning the next 15 years
15

16. Acronyms
Finance
Data
Implementation
In collaboration with MDBs, applying
the “billions” in ODA and in available
development resources to attract, leverage,
and mobilize
“trillions” in investments of all kinds: public
and private, national and global, in both
capital and
capacity
The World Bank Group’s Role
The World Bank Group has identified three core areas of focus in
supporting the 2030 Agenda
16

17. Acronyms
Finance
Data
Implementation
To address poverty data sparsity and
inconsistency, work with countries and
development partners to step up data
collection in 78 poorest countries – “to
know the poor by name” - so that policies
and programs reach those that have not
benefitted from strong growth since 2000
The World Bank Group’s Role
The World Bank Group has identified three core areas of focus in
supporting 2030 Agenda
17

18. Acronyms
Finance
Data
Implementation
Promote and support the global public goods
agenda and to help countries achieve SDGs
in accordance with national priorities and
smart partnerships that engage the wider
development community – MDBs, CSOs and
the private sector
The World Bank Group’s Role
The World Bank Group has identified three core areas of focus in
supporting 2030 Agenda
18

19. Acronyms
The 2030 Agenda recognizes that:
• Sustained, inclusive and sustainable economic growth is
essential for prosperity and can only be possible if wealth is
shared income inequality is addressed
• Sustainable development cannot be realized without peace
and security; and peace and security will be at risk without
sustainable development
• Peaceful, just and inclusive societies are based on effective
rule of law and good governance at all levels and on
transparent, effective and accountable institutions
The Role of PFM
19

20. Acronyms
In considering the means of implementation, the 2030 Agenda
recognizes:
• That International public finance plays an important catalytic
role in complementing countries’ efforts to mobilize
domestic resources
• The importance of international financial institutions’
support for the policy space, voice and participation of each
country in economic decision making, norm setting and
global economic governance
• That parliaments play a key role in ensuring accountability
for implementation of SDG commitments
The Role of PFM
20

21. Acronyms
In considering its follow-up and review, the 2030 Agenda
observes:
• That quality, accessible, timely and reliable data will be
needed to measure progress and to ensure that no one is
left behind
The Role of PFM
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22. Acronyms
IDENTIFICATION
2PREPARATION/ASSESSMENT
16.4 – By 2030, significantly reduce illicit financial and arms flows, strengthen
recovery and return of stolen assets and combat all forms of organized crime
16.5 – Substantially reduce corruption and bribery in all their forms
16.6 – Develop effective, accountable and transparent institutions at all levels
16.10 – Ensure public access to information and protection of fundamental
freedoms, in accordance with national legislation and international agreements
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23. Acronyms
IDENTIFICATION
2PREPARATION/ASSESSMENT
17.1 – Strengthen domestic resource mobilization, including through
international support to developing countries, to improve domestic capacity for
tax and other revenue collection
17.3 – Mobilize additional financial resources for developing countries from
multiple sources
17.17 – Encourage and promote effective public, public-private and civil society
partnerships, building on experience and resourcing strategies of partnerships
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24. Acronyms
“We the peoples” are the celebrated opening words of the Charter of the United
Nations. It is “we the peoples” who are embarking today on the road to 2030.
Our journey will involve Governments as well as parliaments, the UN system and
other international institutions, local authorities, indigenous peoples, civil
society, business and the private sector, the scientific and academic community –
and all people.
Millions have already engaged with, and will own, this Agenda. It is an Agenda
of the people, by the people and for the people – and this, we believe, will ensure
its success.
Transforming our World: the 2030 Agenda for Sustainable Development
The United Nations General Assembly
A call for action to change the world
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25. Acronyms
Thank You
Samia Msadek
Practice Director, Public Resource Mobilization and Management
Governance Global Practice
The World Bank Group