Bryn Battersby's Books

Macro-Fiscal Management Practices in Eastern and Southern Africa

By: Bryn Battersby,Mr.Ian Lienert

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Macro-Fiscal Management Practices in Eastern and Southern Africa

By: Bryn Battersby,Mr.Ian Lienert

This paper examines the institutional arrangements of the macro-fiscal function in 16 African countries. Most ministries of finance (MoFs) have established a macro-fiscal department or unit, but their functions, size, structure and outputs vary considerably. Based on a survey, we present data on staff size, functional scope and the forecasting performance of macro-fiscal departments and identify common challenges in the countries reviewed. Some MoFs perform many macro-fiscal functions, but actions of various kinds are needed to strengthen their macro-fiscal departments. This paper provides some guidance for policy-makers in the region for enhancing the quality and scope of macro-fiscal outputs.

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International Monetary Fund

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ISBN 10

151356773X

ISBN 13

9781513567730

The State as Financier of Last Resort

By: Bryn Battersby,Mr. Raphael A Espinoza,Jason Harris,Mr. Gee Hee Hong,Mrs. Sandra V Lizarazo Ruiz,Mr. Paolo Mauro,Amanda Sayegh

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The State as Financier of Last Resort

By: Bryn Battersby,Mr. Raphael A Espinoza,Jason Harris,Mr. Gee Hee Hong,Mrs. Sandra V Lizarazo Ruiz,Mr. Paolo Mauro,Amanda Sayegh

During the COVID-19 pandemic and global financial crisis, governments swiftly served as financiers of last resort through large financial support measures (FSMs) such as loan and guarantee programs and equity injections in firms. This Staff Discussion Note argues that such FSMs prevented bankruptcies and attenuated the recession by increasing firms’ liquidity, reducing risk premiums, and boosting confidence. But FSMs also carry large and long-lasting fiscal costs and risks. The note presents recommendations for managing the legacies of the COVID-19 programs and preparing for future crises. Ideally, FSMs should be assessed and included in budget plans, though a balance needs to be struck between speed and scrutiny.

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International Monetary Fund

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ISBN 13

9798400220692

How to Make the Management of Public Finances Climate-Sensitive–“Green PFM”

By: Ozlem Aydin Sakrak,Bryn Battersby,Mr. Fabien Gonguet,Mr. Claude P Wendling,Jacques Charaoui,Murray Petrie

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How to Make the Management of Public Finances Climate-Sensitive–“Green PFM”

By: Ozlem Aydin Sakrak,Bryn Battersby,Mr. Fabien Gonguet,Mr. Claude P Wendling,Jacques Charaoui,Murray Petrie

This How to Note develops the “green public financial management (PFM)” framework briefly outlined in an earlier Staff Climate Note (2021/002, published in August 2021). It illustrates, how climate change and environmental concerns can be mainstreamed into government’s institutional arrangements in place to facilitate the implementation of fiscal policies. It provides numerous country examples covering possible entry points for green PFM – phases in the budget cycle (strategic planning and fiscal framework, budget preparation, budget execution and accounting, control, and audit), legal framework or issues that cut across the budget cycle, such as fiscal transparency or coordination with State Owned Enterprises or with subnational governments. This How to Note also summarizes practical guidance for implementation of a green PFM strategy, underscoring the need for a tailored approach adapted to country specificities and for a strong stewardship role of the Ministry of Finance.

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ISBN 13

9798400221682

Climate-Sensitive Management of Public Finances—"Green PFM”

By: Mr. Fabien Gonguet,Mr. Claude P Wendling,Ozlem Aydin Sakrak,Bryn Battersby

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Climate-Sensitive Management of Public Finances—"Green PFM”

By: Mr. Fabien Gonguet,Mr. Claude P Wendling,Ozlem Aydin Sakrak,Bryn Battersby

Public financial management (PFM) consists of all the government’s institutional arrangements in place to facilitate the implementation of fiscal policies. In response to the growing urgency to fight climate change, “green PFM” aims at adapting existing PFM practices to support climate-sensitive policies. With the cross-cutting nature of climate change and wider environmental concerns, green PFM can be a key enabler of an integrated government strategy to combat climate change. This note outlines a framework for green PFM, emphasizing the need for an approach combining various entry points within, across, and beyond the budget cycle. This includes components such as fiscal transparency and external oversight, and coordination with state-owned enterprises and subnational governments. The note also identifies principles for effective implementation of a green PFM strategy, among which the need for a strong stewardship located within the ministry of finance is paramount.

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International Monetary Fund

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ISBN 10

1513583042

ISBN 13

9781513583044

Jordan

Climate Module of the Public Investment Management Assessment and Green Public Financial Management

By: Bryn Battersby,Diala Al Masri,Robert N Clifton,Ed Hearne,Murray Petrie,Jad Mazahreh

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Jordan

Climate Module of the Public Investment Management Assessment and Green Public Financial Management

By: Bryn Battersby,Diala Al Masri,Robert N Clifton,Ed Hearne,Murray Petrie,Jad Mazahreh

The assistance assessed how climate change impacts and mitigation and adaptation responses are addressed in the public investment cycle using the Climate Module of the Public Investment Management Assessment (C-PIMA). The assistance also evaluated the scope to advance Green Public Financial Management (PFM) practices, drawing on the IMF’s new Green PFM framework. Jordan was found to performs well in the climate-aware planning and coordination institutions of the C-PIMA, but some gaps were identified in implementation aspects of the framework, and there were several areas where climate could be better integrated in the PFM system.

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