Posted by Aarti Shah and Neil Cole
Finance ministries throughout the world have a number of things in common. They are custodians of a country’s public finances. They also manage complex political processes and tend to attract smart people. Unsurprisingly, the job of a finance ministry official does not lend itself to popularity or friends amongst the public service fraternity. That may explain why when senior budget officials from a diverse range of countries are brought together, they have much to talk about.
Surprisingly, little has been written about how finance ministries operate, evolve, and adapt to ever-changing challenges. As part of a broader collaboration, three institutions currently thinking about capabilities (CABRI, ODI and the South African National Treasury) co-hosted a conference with the theme ‘Finance Ministries in the 21st Century’ in Johannesburg on 25 and 26 March 2015. Fifty-five participants from government, bilateral and multilateral development partners and other organizations shared their experiences from over 20 countries on how finance ministries operate as organizations, and how they could do better.
Here are some highlights.