1. Enhancing Critical Linkages to Achieve Good Financial Governance
Silvina G. Vatnick
The World Bank
International Conference on Financing for Development
Tuesday, March 15, 2005
Hong Kong

2. What is Financial Governance?
Financial Governance is the way in which authority
is exercised in the management of financial resources
of an organization, a financial system or government.

3. Challenges Awareness and Demand Incentives/Disincentives
Government
Awareness and Demand
Incentives/Disincentives
Legal/Regulatory Infrastructure
Implementation Framework
Donors
Civil Society
Private Sector

4. Civil Society Organizations
How to obtain stronger and sustainable financial governance as an institution?
The Critical Role of Civil Society Organizations
MDAs
Government
Civil Society Organizations
Private Sector
Other
Strategic
Partners

5. Civil Society Organizations
Nonpartisan
Independent
Non-advocacy
Bottom-up approach
Local/regional
Promote best practices

6. An example: CEF Argentina
Structure:
The CEF is legally organized as a foundation and, as such, it is a nonprofit entity. The CEF has a pluralistic administrative structure that is not affiliated with any political party.
Mission:
contribute to the analysis, debate and subsequent formulation of public policies related to financial sector issues. At first, the focus will be on Argentina, but over time, the CEF plans to address financial issues at the regional level
Goals:
On a foundation of solid technical grounds, the CEF aims to assist the public and private sectors in the following fields:
deepening of financial intermediation.
strengthening of institutions and their links with the world.
adopting best international practices in the context of the domestic environment.
promoting more effective financial sector regulation and supervision.
modernizing legislation in this sector.
improving the standards of transparency.
encouraging financial innovation.