Transcript The Medium Term Development Process

Presenter:Mrs. Josette Maxwell-Dalsou
Chief Economist
Economic Planning
Ministry of Finance, Economic Affairs and National Development
A.
B.
C.
Features of a Medium Term Development
and Strategic Plan
Principles Guiding the development of the
Plan
The Process in a nutshell
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Identifies socio-economic challenges facing the island and enables
the development of a structured framework of policies and
programmes to fulfill the vision for the country in the medium term
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Allows for the delicate balance between attaining high levels of
growth and development versus maintaining macroeconomic
stability, and prudent fiscal and debt management.
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Promotes new areas of growth to reduce vulnerabilities and while
building resilience
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Provides a broad blueprint for development (but allows for
adjustments to reflect sector specific goals and needs)
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Improves governance by facilitating broad participation and
fostering an all encompassing approach to development
Forward looking
Adapting to change, opening new horizons, and promoting sustainable
development.
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Holistic
Harmonizing economic development with social, cultural, and
environmental development to achieve the goals of growth, stability, and
equitable distribution of economic opportunities.
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Consistent
Harmonizing public and private sector allocation and utilization of
economic resources, and maintaining the consistency of macro and
sector plans, and of policy goals and measures.
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Globally oriented
Examining global trends, to grasp new opportunities for development.
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The entire process and resultant strategic
document will be in accordance with the principles
of Managing for Development Results (MfDR).
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MfDR is a management strategy focused on
development performance and on sustainable
improvements in country outcomes.
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5 Main Principles
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Principle 1. At all phases – from strategic planning through
implementation to completion and beyond – focus the
dialogue on results.
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Principle 2. Align actual programming, monitoring, and
evaluation activities with the agreed expected results.
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Principle 3. Keep the results reporting system as simple, costeffective, and user-friendly as possible.
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Principle 4. Manage for, not by, results, by arranging
resources to achieve desired outcomes.
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Principle 5. Use results information for management learning
and decision making, as well as for reporting and
accountability.
Initial data
gathering
Training
In-depth interviews
and conduct of
detailed social and
economic analysis
Review of the institutional
framework
& Country Performance
Report
Preparation
Monitoring
&
Evaluation
& Revision
Implementation via
PSIP & Annual
Budget
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Review of the current framework and
amending it for comparability with best
practice
Identify the components and develop a
coordinated approach to the planning
process
Assure approval at the highest level of
government authority to ensure a level of
respect for the MTDSP
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Collection of existing planning documents
and other relevant reports
Review of planning documents and relevant
reports
Conduct in-depth interviews to inform the
MTDSP
The training will allow for broad stakeholder involvement
and will include:

The strategic planning process
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Identification of core values and vision statements

SWOT analysis of St. Lucia from economic, social and
environmental perspectives
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Identification of a relational structure that will form the
basis for econometric specification for forecasting and
monitoring
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Following the training and consultation there will be
more in-depth interviews
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Detailed social and economic analysis and prospects
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These will be used to get the first completed draft of
the report

There will be a chance of review and feedback by
stakeholders
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Clarification, modification and finalization of the
report
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Link the PSIP and the annual budget to the
MTDSP
Engage in ongoing monitoring and evaluation
of the impact of the strategies (this requires
collaboration among all agencies)
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The process is expected to last five months,
through to December 2010, when the final
report will be presented to Cabinet.
This exercise is of great significance to Saint
Lucia. I trust that Saint Lucians – we - will
embrace the opportunity to have a say in
crafting a Plan that will ultimately determine
the wellbeing of all and that of Saint Lucia.
Thank you!.