Transparency in Public Finance

Tuesday, September 3, 3.30 pm to 5.00 pm

Mr. Vitor Gaspar, Director, Fiscal Affairs Department, International Monetary Fund

Mr. Thomas Richardson, Director, Joint Vienna Institute

The quality of information on public finance and public policies is critical for the functioning of democracy. Transparency in public finance is also crucial for effective policymaking and the prudent management of fiscal risks. Transparency can also be an effective instrument in the fight against corruption, as documented in the latest IMF’s Fiscal Monitor. Hitherto, one largely overlooked area of public finance was the comprehensive disclosure of public sector assets and liabilities. A systematic examination of what a state owns in addition to what it owes was made by the Fiscal Monitor in the Fall of 2018. The 2019 Annual JVI lecture will focus on the importance of transparency and on the quality of information in public finance.

Vitor Gaspar, a Portuguese national, has been Director of the Fiscal Affairs Department of the International Monetary Fund since 2014. Prior to joining the IMF, he was a Special Adviser at Banco de Portugal. He served as Minister of State and Finance of Portugal during 2011–13. He also held a number of positions in European institutions. Notably, he was director general of research at the European Central Bank from 1998–2004.

Mr. Gaspar holds a Ph.D. and a post-doctoral agregado in Economics from Universidade Nova de Lisboa; he graduated from Universidade Católica Portuguesa.

The event will take place at the Joint Vienna Institute, room 700A, 7th floor, Mariahilfer Straße 97, 1060 Vienna. We hope that you will be able to join us, and look forward to your participation.
To participate, please register by August 23, 2019 to

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