From the Kenyan Debt Office to Washington: Sharpening skills in PPP fiscal risk management

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Robert Osudi is an economist at the Public Debt Management Office of the National Treasury of Kenya. In addition to working on debt policy, strategy, and risk management, his work in Kenya’s debt office focuses on analyzing fiscal risks, fiscal commitments, and contingent liabilities of Public-Private Partnership (PPP) pipeline projects. Robert is halfway through a four-month special assignment working with the Infrastructure, PPPs & Guarantees (IPG) Group at the World Bank Group as a PPP fiscal risk analyst under the auspices of the Global Secondment Program.
 
The secondment program offers an opportunity for selected officials of a member country, regional agency, development bank, international organization, academia, or private enterprise, to be appointed to the Bank for a specific period to enhance their skills, share knowledge, build strategic alliances, promote cultural exchange and diversification to contribute to the Bank’s work. Secondees are funded by the releasing organization.
 
We sat down with Robert to understand what he is learning during his on-the-job training in Washington and how he can apply that knowledge upon his return to Kenya.

 
Why did you want to come to the World Bank on this special assignment?
 
Working in the debt office in Kenya’s National Treasury, part of my job was to analyze fiscal risks from PPP projects. However, I had inadequate technical expertise and skills to do my work. The Government of Kenya requested the Bank to give me the opportunity to hone these skills. This is really important, because Kenya is embracing the PPP approach and has an ambitious pipeline of projects .

 
What you are learning at the World Bank?
 
I attend technical meetings, trainings, and I have a direct mentor and supervisor who is a PPP fiscal risk specialist that I report to, and together we analyze actual projects. Some of the activities I am working on are:

  • Developing a draft PPP fiscal risk and contingent liability-reporting template, tailor-made to advise management in the National Treasury.
  • Providing practical expertise in all aspects related to fiscal risk assessment and management in PPPs.
  • Providing support on modelling risk from actual data of PPP feasibility reports for potential projects and data from operational projects using the Public-Private Partnerships Fiscal Risk Assessment Model (PFRAM) and other risk assessment models. PRFAM is an analytical tool developed by the World Bank Group and International Monetary Fund (IMF) to assist governments and country analysts in assessing potential fiscal costs and risks arising from a PPP project.
  • Participating in the PPP certification program.
  • Developing PPP fiscal risk management guidelines.
  • Working under the general direction of the practice manager in my group to undertake other activities related to fiscal risk assessment and management in PPPs.


How is the knowledge you are gaining applicable to your work in Kenya?
 
I am working with my supervisor one-on-one to analyze the implications of the feasibility study for the proposed Nairobi-Nakuru-Mau Summit PPP toll road project. We are looking at possible fiscal risks it could create for the country, if implemented. We do modeling of project financials to see sensitivities around the impact on the budget. At the debt office, we knew partly how to do it, and now I can see so many angles I didn’t see before.


What are you looking forward to during your remaining time as a secondee?

I will be going on mission to Jordan as part of the team to meet with relevant ministries and to train staff from the Jordanian PPP Unit and Ministry of Finance on PPP fiscal risk management, which will be a great learning opportunity.


On a personal level, what are some of the differences between living in Kenya and Washington?

There are several similarities and slight differences. I am impressed with the consciousness about time management, and the great work attitude and morale. The quality of work and level of professionalism is world class. People are supportive and willing to help. On a personal level, I have experienced the efficient transport system. I come from a warm climate, so as it is getting colder here as we approach winter I am learning to cope with the weather quite well. And, the food is great though a bit different.


What are some of your takeaways from this experience and how will you apply your new knowledge upon return?

This is a fantastic experience. You learn from different kinds of people with diverse cultural backgrounds—I found it really fun and interesting to participate in the intercultural training sponsored by the Bank at our annual staff retreat.

My biggest goal is to ensure that, by the time I leave here, I am able to effectively advise the management team in Kenya's National Treasury , and share with my colleagues the professional experiences I gained while in Washington D.C.

I also look forward to continue doing more analysis and management of fiscal risk for different kinds of PPP projects, honing my skills, and learning more.



Related Posts:

Public-Private Partnerships: How does Kenya fare?
 
Acting it out first: Building capacity for PPPs in Kenya through role-playing and certification training
 
Kenya’s 3 keys to success: How to create an effective public-private partnership unit
 

Authors

Robert Osudi

Economist, Public Debt Management Office, National Treasury of Kenya

Join the Conversation

mike okal
December 07, 2017

Robert,
I am very proud of you.PPP would effectively combine the strength of public institution like Post office with expertise and efficiency of private player in ensuring quality service delivery.Hope you share the knowledge when you come back.
cheers
Mike Okal

Robert
December 11, 2017

Thank you Mike, I concur that PPP can be applied to some aspects of the Post Office to increase efficiency

Daniel Ndolo
December 07, 2017

Robert i am happy to learn you are coping well. Accumulate as much skills as possible and induct us when you fly back.

Robert
December 11, 2017

Thank you Director, i will do as requested

Dr. Mohamed Taher Abdelrazik Hamada, Ph.D
December 07, 2017

In my comment in the question 'What you are learning at the World Bank ?, asked to Mr. Robert Osudi , one can argue that such training enables the World Bank
to share knowledge with the assigned countries for the welfare and prosperity of the population of these countries .
For sure studyng fiscal risks of PPPS can help to get the right PPPS choices for each country with the minimum costs as possible.
I like what Mr. Robert Osudi said in answering the Question , On personal level ,What are some of the differences between living in Kenya and Washington DC ?.
As myself lived in Washington DC metropolitan area for almost thirty years working in Distict of Columbia Public Schools,and Strayer University, i agree with him that there is very impressive time awareness in America in general , common respect among job workers , in addition to great cooperation that helps to enhance work quality.
Yours Very Respectfully,
Dr. Mohamed Taher Abdelrazik Hamada, Ph.D

Robert
December 11, 2017

Thank you Dr. Mohamed

Dr. Mohamed Taher Abdelrazik Hamada, Ph.D
December 20, 2017

You welcome Mr. Robert and i wish you all luck in all your briliant endeavors.
Yours Very Respectfully,
Dr. Mohamed Taher Abdelrazik Hamada,Ph.D

Derick Odemba
December 08, 2017

Congratulations to Osudi. That is a great learning opportunity and one that will help to set you apart from your peers. Moreover, the skills you develop from the assignment are crucially needed here at home. All the best in your career.

Daniel
December 08, 2017

I know Kenyans are hardworking,like learning and eager to change and develop but when it comes to deliver,which is a process,something goes wrong.We have the manpower and deficiency in skills.Hope your skills will be spread to others to equip ourselves to drive our economy further

Robert
December 11, 2017

Thank you Daniel, indeed the knowledge and skills will be shared

Denis Mugarra
December 08, 2017

The skills being acquired by Robert are greatly needed in Africa.My comment is the debt levels in Kenya and Uganda are getting to worrying levels.Proffessionals like Robert should help our countries to avoid going broke like it has happened in Puerto Rico,Greece and Spain in the recent past.Our professionals should stand up with candor and guide the sometimes dodgy political decisions on debt!

Davis Okeyo
December 09, 2017

Proud of you Osudi. You are pushing the limits in Economics field

Robert
December 11, 2017

Hi Captain, am humbled by the compliments, regards

Sanusi Adamu
December 09, 2017

That's good efforts, we are proud of you

Robert
December 11, 2017

Thank you Sanusi

Kamore Kamau
December 11, 2017

PPP is a noble idea and looking forward to its' application in Kenya without abuse. Osudi, knowledge is power and should not be ignored.

Robert
December 11, 2017

Hi Kamore, i fully agree. Thank you

JAMES ODUOR
December 21, 2017

well done , up date us how we can benefit from here