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Reimagining public finance. Making public resources work for development outcomes

September 29 - 30, 2025

Add to Calendar 29-09-2025 16:20 30-09-2025 16:20 America/New_York Reimagining public finance. Making public resources work for development outcomes Hello,\n\nThis is a reminder to join us virtually on World Bank: Reimagining public finance. Making public resources work for development outcomes \n\nAbout the event: September 29 - 30, 2025 \n\nGo to event page: https://www.worldbank.org/en/events/2025/07/29/reimagining-public-finance--making-public-resources-work-for-dev \n\nWe look forward to seeing you! \n\n WORLD BANK - https://www.worldbank.org \nDevelopment Events Brought to You Live Online
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This event will be streamed here in

Date & Time

September 29 - 30, 2025 ET

Location

World Bank Headquarters

In-Person

RSVP HERE

Attend the Global Conference on Reimagining Public Finance: Making Public Resources Work for Development Outcomes, scheduled to take place on September 29 and 30, 2025, at the World Bank headquarters in Washington, DC.

The conference will bring together leading government reformers, practitioners, researchers, and development partners to share insights and discuss the future direction of public finance reforms. The ‘Reimagining Public Finance’ initiative aims to rethink public financial management reforms to ensure that they are designed and implemented in a way that best supports governments’ fiscal and public policy objectives and the achievement of development outcomes.

The conference will be based on three key questions:

  1. Why reimagine public finance? A reflection on lessons learned over the last 25 years of public financial management reform.
  2. What is the role of public finance in achieving development outcomes and what are the key bottlenecks that prevent this from happening?
  3. How can these bottlenecks be addressed in practice to unlock the potential of public finance?

The conference will provide the opportunity to engage on these questions, drawing from the first phase of research and global consultation and interacting with a proposed outcome-led approach for future public finance reforms.

Stay tuned for more updates and agenda details in the coming weeks. We look forward to seeing you at the conference!

Opening Fireside Chat

September 29 | 9:15-10:00AM ET

Peter Orszag, CEO and Chairman of Lazard and former Director of the Office of Management and Budget

Arturo Herrera, Global Director for Institutions in the Prosperity vertical at the World Bank

 

Making Public Finance Work for Policy Outcomes

This fireside chat will explore the relationship between public finance and overall policy decision making, featuring insights from Peter Orszag, CEO and Chairman of Lazard and former Director of the Office of Management and Budget. The session will address managing policy trade-offs in times of reduced fiscal space, including how to support fiscal sustainability while providing services to citizens, and how governments can organize to deliver on policy priorities.

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Peter Orszag Keynote Speaker

CEO & Chairman, Lazard

Peter R. Orszag is CEO and Chairman of Lazard, the preeminent global financial advisory and asset management firm. He has led the firm and been a Board Director since October 2023.

Prior to his current role, Dr. Orszag was CEO of Financial Advisory, leading Lazard's advisory businesses serving companies and governments across the globe, between April 2019 and September 2023.

He was previously the firm's Head of North American Mergers & Acquisitions and Global Co-Head of Healthcare from July 2018 to June 2019. Dr. Orszag joined Lazard as Vice Chairman of Investment Banking in May 2016.

In the Obama Administration, he served as the Director of the Office of Management and Budget, and before that, as the Director of the Congressional Budget Office.

He graduated summa cum laude in Economics from Princeton University and obtained a Ph.D. in Economics from the London School of Economics, which he attended as a Marshall Scholar.

Arturo Herrera Gutierrez, Global Director, Governance Global Practice, World Bank.

Arturo Herrera Moderator

Institutions Global Director, The World Bank

Arturo Herrera is the Global Director for Institutions in the Prosperity vertical, World Bank.

Mr. Herrera, a Mexican National, has extensive experience in governance, as a practitioner and from the development and academic perspectives. He joined the World Bank in 2010 as Senior Public Sector Management Specialist in the Latin America and the Caribbean (LAC) region. He held various positions in the Bank including as Sector Manager in LAC, Practice Manager in Governance Global Practice for the LAC and East Asia and the Pacific regions in the Global Unit before leaving the World Bank Group in 2018. 

Between 2018 and 2021 he has held leadership positions in the Government of Mexico as Co-Head of the Finance Team in Presidential Transition Team, Deputy Finance Minister and, most recently, as Minister of Finance and Public Credit. He was also the Chairman of Mexico’s Exchange Commission and Member of the Board of the Central Bank.

As Global Director for Institutions, country-level governance, especially in fragile, conflict and violent settings; maximizing the effectiveness of operational support for public financial management and public procurement; fostering excellence in the Bank's Prosperity vertical work on public sector administration and operational support for legal and judicial reforms.

Mr. Herrera has also taught Monetary and Banking and Macro and Micro Economics at both El Colegio de Mexico and New York University where he completed his doctoral studies in Economics.

FAQs

Yes. Please use the Sign Up button to register. This confirms your attendance for either the in-person event or access to the livestream. Once registered, you’ll receive an email with event access details, location or login instructions, and timely reminders.

The event recording will be available on this page shortly after it concludes. If you registered via the Sign Up button, you’ll receive a follow-up email with a link to watch the replay and access any resources shared during the event.