Moving to new ‘best practice’ in the institutional arrangements of Ministries of Finance is yielding significant reform benefits for many countries. Several CARTAC members have requested a high level seminar exploring the significant changes in expectations of Ministries of Finance with an emphasis on Caribbean applicability. CARTAC, therefore, designed a high level seminar to explore how to develop the most beneficial interrelationship between PFM reforms and moving to a superior institutional framework.
This seminar, held at the Hyatt Hotel in Port-of-Spain, Trinidad and Tobago, from February 25-27, 2013 was the first of two geared specifically for the top leadership of the MoF. It focused on expectations, objectives, resources needed for optimum internal organization of the ministry and how to use PFM reform efforts to guide the transformation [and how to use the transformation to guide the PFM reform]. The second seminar, to be held in April, will focus on the changed nature of key external relationships.