Public spending makes up almost a third of global gross domestic product, having jumped seven percentage points in 2020 as the Covid-19 pandemic hit. There is a clear moral imperative to ensure that this money is spent as efficiently and effectively as possible. This requires transparency and accountability in public finance management systems.
India’s growing population and commitment to improving living standards are catalysing efforts to promote higher-quality growth through instructure investment.
In this year’s Future of payments report, we examine the diverse approaches being adopted by industry players and uncover the geopolitical factors driving their choices.
Gareth Owen, humanitarian director, Save the Children UK, and Simon Inglis, partner, grants and relief funds management, EY, discuss how the impact of grant funds can be maximised.
