Mar 5, 2013
12:30pm - 1:30am    |    The Puck Building , The Rudin Family Forum for Civic Dialogue, 2nd Fl., 295 Lafayette Street, New York, NY 10012-9604

Marco Cangiano, visiting scholar at the NYU Wagner Graduate School of Public Service and assistant director of the Fiscal Affairs Department at the International Monetary Fund.

In spite of progress since the IMF developed the Code of Good Practices on Fiscal Transparency, the recent crisis suggests that governments’ understanding of their finances is still inadequate. This was demonstrated in Greece and Portugal, but also in the US, where financial problems in government-sponsored enterprises like Fannie Mae and Freddie Mac remained largely unnoticed until government bailouts were needed. In Iceland, Ireland, and the UK, shock to public finance came largely from government liabilities to the financial sector. What lessons have been learned, and how will the IMF respond to enhance the quality of fiscal information.

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Read more about the Spring 2013 Conflict, Security and Development Series.

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