Beyond Keeping the Receipts: Governance Challenges and Lessons from COVID Emergency Financing

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With support from the Fund, countries have responded to the COVID emergency with a range of programs to address health, social, and economic impacts. Strengthened transparency and accountability arrangements were rapidly put in place, even as countries introduced innovations to enable expedited spending and delivery of services while confronting the pandemic. From early on in the pandemic, the IMF’s advice to its members has been, “spend what you need, but keep the receipts.” A year into the emergency response, the receipts are now coming in—information is now available on how money has been utilized, revealing binding governance constraints on effective public spending and service delivery and which innovations have proven to boost effectiveness. As this process gains speed, government officials will be challenged to learn from the positive adaptations that emerged out of the pandemic and find ways to harness heightened concerns for accountability in their drive to implement reforms that have often been discussed but remain sidelined.

The event is an opportunity for government officials and civil society representatives to discuss what they have learned about the recent experience with emergency spending, and how these lessons will inform and help shape longer-term efforts to strengthen governance, integrity, and public sector outcomes. 

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Opening remarks

Mr. Geoffrey Okamoto
First Deputy Managing Director
IMF

Moderator

Ms. Rhoda Weeks-Brown
General Counsel and Director of the Legal Department
IMF

Speakers

Ms. Sawsan Gharaibeh
Chairperson
Rasheed (Transparency International – Jordan)

Ms. Ghizaal Haress
Ombudsperson
Islamic Republic of Afghanistan

Mr. Dondo Magajane
Director General
National Treasury
South Africa

Katherine Siggerud
Chief Operating Officer
U.S. Government Accountability Office