www.humandynamics.org realising investment opportunities in montenegro: a public sector consulting...

www.humandynamiwww.humandynamics.orgcs.org

Realising investment Realising investment opportunities in opportunities in

Montenegro: a public sector Montenegro: a public sector consulting perspectiveconsulting perspective

Dr. Brian PortelliDr. Brian PortelliHuman DynamicsHuman Dynamics

Invest in Montenegro Invest in the RegionInvest in Montenegro Invest in the RegionVIENNA ECONOMIC FORUMVIENNA ECONOMIC FORUM

Go South EastGo South EastMontenegro meetingMontenegro meeting

14-15 April 200814-15 April 2008


Human Dynamics/Basic Facts1993: Hulla & Co. Human Dynamics KG founded

2008: Contracted Project Volume: €46millionHeadquarters: Vienna

Subsidiaries/Associated Firms: Sofia, Bucharest, Belgrade.Business: Public Sector Consulting

• Leading Austrian provider of consultancy services to central and local government institutions: over 120 projects carried out in more than 30 countries

• Currently over 40 Ministries and specialised public agencies are serviced by Human Dynamics with over

300 consultants in the field


I.I. Role of FDI in Role of FDI in development development goals goals

II. Host country II. Host country conditionsconditions

and public sector and public sector capacitycapacity


I. I. Role of FDI in Role of FDI in development goalsdevelopment goals

- Export-led economic growthExport-led economic growth- Value-adding productive Value-adding productive

economic activitieseconomic activities- Injection of capital and Injection of capital and

knowledgeknowledge- Employment creationEmployment creation- Targeted investment in key Targeted investment in key

sectors.sectors.


II. Role of FDI in . Role of FDI in development goalsdevelopment goals

FDI-led growth an automatic process ?

Host country location-specific advantagescrucial !


II.Host country conditions andpublic sector capacity

- business environment (risk) and investment climate

- administrative, fiscal and regulatory framework

- transaction costs (costs of doing business)

- economic and institutional framework.


Human Dynamics in Montenegro since 1999

Implementation of Budgeting and Salary Systems Reform (EUROPEAID 2006-2008)

Capacity Building in Treasury Management and Fiscal Reporting (EUROPEAID 2005-2006)

EC Budgetary Support (EC OBNOVA 1999-2000)

Vocational Education and Training Assistance (EUROPEAID 2002-2003)


Implementation

of Budgetingand Salary Systems Reform

(EUROPEAID 2006-2008)

The objective of the project is to increase fiscal transparency and achieve better-informed decision-making within the budgeting process for more efficient allocation/use of governmental resources and to strengthen the capacity of the State administration in recruiting and rewarding skilled people needed for designing and implementing public policies.

Budget system component: Developing medium-term horizon within budgetary

process and improving linkages between different aspects of public finance with strategic planning procedures

Assist further expansion of Treasury Information System to better support budget processes within MTBF.

Salary system component: Assure the implementation of the new salary system

according to the law and the defined objectives Improve transparency, internal equity and external

competitiveness of the salary system Developing VET systems in sectors having education.


CapacityBuilding inTreasuryManagementand FiscalReporting

(EUROPEAID 2005-2006)

Within the overall objective of establishing new processes and procedures in managing government expenditure, facilitating the adoption of international budget and treasury best practice

Assisting the Macro-Fiscal Analysis and Forecasting Unit in the Budget Sector in developing capability in producing regular reports on the consolidated fiscal operations of government as the basis for effective debt management policy

Assistance in the add cash/debt management and asset management functions to the existing budget execution and accounting functions in the ambit of the Treasury’s recently established financial management and information system

Assistance to the Ministry of Finance to exercise more effective budgetary control over the activities of the extra-budgetary funds

Assistance to the Treasury to undertake a gradual transition from cash-based to accrual-based accounting and to prepare a preliminary balance sheet of government.


VocationalEducation and Training Technical Assistance

(EUROPEAID

2002-2003)

Developing VET systems in sectors having education provisions which are able to meet the needs of the labour market and other interest groups. As part of the improved orientation of national and regional structures towards the labour market and integration of initial and continuing VET systems within a lifelong learning provision, the following specific objectives were achieved:

Assistance with the analyses of labour market and skill requirements in key sectors

Assistance in developing training programmes, curricula, assessment and certification procedures in key sectors

Training the trainers in modern teaching and learning techniques for youth and adults

Training managers and employees in key sectors

Consolidate and disseminate programme results through stakeholder associations, draft regulations of professional qualifications and policy recommendations

Purchasing equipment for selected training institutions


EC Budgetary

Support

(EC OBNOVA

1999-2000)

Within the context of the disbursement of €40m to the government

of FYROM and Macedonia for the administration of help to cover

refugee costs caused by the influx of internally displaced people from

Kosovo, the specific objectives of the project included:

To assist with the efficient and transparent management of the commission’s budgetary assistance to the country

To receive and analyse all relevant information and report on the use of the assistance through all channels up to the final destination

To analyse and to follow-up the budget execution of this assistance, especially the eligible costs at all state levels

To assist the Ministry of Finance in complying with all rules and conditions of the financing memorandum


Human Dynamics

Lothringerstrasse 161030 Vienna, Austria

www.humandynamics.org

+43 1 402 50 20 – 0+43 1 402 50 20 – 20

[email protected]

www.humandynamics.org realising investment opportunities in montenegro: a public sector consulting...

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