Development Economics X Finance and Administration
FINANCE
x) for Finance and Administration
Scaling up administrative effectiveness throughout the financial sector.
I teach financial institutions to make data-driven decisions and be more effective with state of the art AI and technology. The focus is on improving effectiveness in developed countries and developing countries alike, for mutual benefit.
Kweku Opoku-Agyemang
The next generation of financial administration for development
Both development economics as a field and economic development as a process we understand–whether at the micro or the macro level require significantly-improved finance and administration norms and institutions. Given what we know from economic history and political economy and what we are increasingly capable of in terms of technological innovation, there are new opportunities for developing countries to carve out new destinies in financial development.
The policy needs are vast, from improving agricultural production to industrial development to elevating institutions, the public sector, and improving the competitiveness of entire sub-regions–and everything in-between. Self-sustaining institutions and systems that reflect democratic values can be replicated in varied contexts, thanks to recent advances in research and technology, if and only if attention is paid to social impact, fairness and responsibility contexts.
The goal of )x is to ensure that financial institutions in all sectors have access to rigorous, scientific and data-driven decision-making to enable them to meet or exceed their goals within their unique contexts. The specific goal(s) of this education may include:
Data-Driven Financial Institutional Advancement
This includes a full analysis based on data collection, manipulation and research design to help improve financial effectiveness and outcomes.
Data-Driven Financial Development
This includes a full analysis based on how open source technologies and mobile infrastructure can help improve financial outcomes at all levels within historical and political economy contexts
Data-Driven Financial Governance
This includes a full analysis based on data collection and research design to help connect developing country consumers and institutions to the internet in a sustainable and safe manner
Objectives
The goal of )x is to ensure that financial administration organizations in all sectors have access to rigorous, scientific and data-driven decision-making to enable them to meet or exceed their goals within their unique contexts. The specific goal(s) of this initiative include:
Data-Driven Risk Management, Mitigation Frameworks and Oversight
Own and lead the development and implementation of risk management/risk mitigation framework and strategies for improving finance and administration
Provide rigorous and sound financial and administrative oversight to projects
Supervise finance and administrative teams, including accounting, procurement, and other administrative functions
Project Budgets, Financial Reporting and Operations
Develop, manage, and monitor project budgets
Prepare monthly and quarterly financial reports in coordination with senior project staff
Ensure that project operations are in compliance with relevant policies and procedures
Create, maintain, and implement financial reporting, tracking systems and controlling procedures
Procurement, Consulting, Vendor Analyses
Oversee processing of approvals for procurements, consultant agreements, and vendor invoices
Support the development, execution, and management of subcontractor and consultant agreements
Improving Fairness and Ethics Considerations and Culture
Build norms that enhance fairness with respect to race, color, religion, sex, and other protected characteristics in line with sociocultural norms.
Financial Management for Development and Embedding Global Standard Cultures and Standard Design for Local Contexts
Manage financial and contractual aspects of large international development projects; manage and supervise financial, administration and procurement staff
Integrate practice with Government Cost Accounting Standards Federal rules and regulations around the world
Provide oversight of an Annual organizational audit and all other audits, and implement recommendations from the relevant external auditors
Ensure the dissemination of audit reports and results and the implementation of audit recommendations.
Research foundations for all of the above for a science-led financial development agenda
Algorithmic Fairness and Research Transparency for Social Impact
Using algorithmic fairness and research transparency to ensure that nonprofits maximize social impact.
The Next Step
)x
