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The Sovereign Debt Crisis, a Matter of Urgency —
 From Lessons to Reform




Code of Fiscal Responsibility – Keeping Sovereign States Out
 of Budget, Accounting and Financial Management Trouble



                 Honourable Ruth Richardson
              Former New Zealand Finance Minister




                                              Page 1 | Confidential and Proprietary Information
The Sovereign Debt Crisis, a Matter of Urgency —
From Lessons to Reform

             The Golden Triangle of Reform


                       The Ideas




       The Machine                   The Institutions




                                             Page 2 | Confidential and Proprietary Information

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The Honourable Ruth Richardson, Former New Zealand Finance Minister - IFAC Sovereign Debt Seminar

  • 1. The Sovereign Debt Crisis, a Matter of Urgency — From Lessons to Reform Code of Fiscal Responsibility – Keeping Sovereign States Out of Budget, Accounting and Financial Management Trouble Honourable Ruth Richardson Former New Zealand Finance Minister Page 1 | Confidential and Proprietary Information
  • 2. The Sovereign Debt Crisis, a Matter of Urgency — From Lessons to Reform The Golden Triangle of Reform The Ideas The Machine The Institutions Page 2 | Confidential and Proprietary Information