Nathan Hansford

Public Financial Management Expert

25 Loddon Street, Kaleen, ACT, 2617, Australia, phone. +61(0) 405 835 071, email: hansfordconsulting@yahoo.com

Key Qualifications Established international experience working within and consulting to the private sector and government in public financial management, institution strengthening and restructuring, governance, capacity building, bond and capital market development and sovereign debt management. Led work plan co-ordination and implementation, effective program resource allocation, stakeholder and financial markets interaction and reporting for international organisations (Asian Development Bank, World Bank, DFID), government agencies, contractors and government officials. Experience working internationally with local partners from a number of developed, emerging market and postconflict economies in Asia, the Middle East, Pacific and Australasia. Master of Science Public Policy and Management (Cont.), Bachelor of Laws (LLB), Bachelor of Commerce in Banking and Finance. The most relevant experience for the position of PFM Expert in Timor Leste include: Public Financial Management: budget preparation, expenditure management, public expenditure review; financial systems integration; improvement of public sector operational effectiveness, strengthening flows of financial data, donor liaison, and promotion of transparency. Institution Restructuring, Strengthening and Capacity Building: development of reform programs for developed, developing and post-conflict environments; development and implementation of governance programs (national and sub-national); financial and administrative management focussed training; institutional development and public sector reform. SELECTED PROFESSIONAL EXPERIENCE Asian Development Bank Debt Management Specialist and Team Leader Nov 11 Nov 13 Cambodia

Project: Public Financial Management Program Strengthening Debt Management Leading an international team focused on building the capacity of the Ministry of Economic and Finance's Department of Investment and Cooperation (Cambodias DMO) middle office. This includes making an assessment of the current function of the office, outlining and implementing a staged development of the middle office to a global best practice standard appropriate for Cambodia which has 100% loan/grant funding and does not issue government securities. Initial work has been focused on contingent liabilities, debt sustainability analysis, debt strategy and conducting risk management/analysis on debt (including credit risk analysis, currency risk analysis, and interest rate risk analysis). Asian Development Bank Fiscal Risk and Debt Management Specialist Regional Debt Management and Fiscal Risk Seminar and Workshop Developed and presented a workshop on debt management and its role in fiscal risk identification and mitigation. The outcome of the training sessions was a clear identification of the fiscal risks posed to each of the attendee countries (Sri Lanka, Myanmar, Laos and Vietnam) and preliminary plans for factoring the risks into government debt forecasts and fiscal strategies. Asian Development Bank Cash Management Expert Second Regional Asian Debt Management Forum Moderated the international forum cash management session drawing together international best practice from the perspective of international financial institutions and world-class practitioners for application by the 40 attending country sovereign debt and state bank executives. Bank of Papua New Guinea / PNG Treasury (Asian Development Bank) Legal and Regulatory Expert Debt Capital Markets Supporting Public Financial Management in Papua New Guinea Feb - Mar 2011 Papua New Guinea Mar 2011 Thailand Jul 2011 Thailand

Conducted a functional analysis and restructuring of the PNG Securities Commission including a review of the regulatory, taxation and legal issues of listing government, supranational and corporate bonds on the Port Moresby Stock Exchange. Outlined a road map for the first international financial institution local currency bond issuance in PNG. Asian Development Bank Public Debt Management and Capital Market Development Specialist Feb 2011 Philippines

South Asia Seminar Series on Public Debt Management and its Role in Capital Market Development Developed and presented a seminar to Asian Development Bank Board representatives, Directors and staff on the linkages and relative importance of public financial management, debt management and capital market development. The seminar and discussion assisted the ADB in formulating a more integrated approach to their local currency issuance and technical assistance programs including those focused on building the capacity of Debt Management Agencies. UAE Public Debt Management Office Public Debt Management Specialist Developing the UAE Federal Debt Management Agency Prepared detailed diagnostics on the current investment and funding activities of the UAE Federal Government and in response to gaps identified prepared policies and procedures to allow the PDMO to function as a best practice debt management agency. This involved in depth diagnostics of the front, middle and back office capabilities and activities against the World Banks Debt Management Performance Assessment Framework and then making recommendations on the changes required to bring all offices to standard as well as developing policies and procedures for the front, middle and back offices Specific policies and procedures prepared covered governance and institutional framework, market operations and risk management and debt management operations. Prepared a detailed debt strategy for the development of the UAE Federal Public Debt Management Office. The strategy covered the operating framework, organizational structure and governance of the office; market development and issuance strategies; the development of a UAE government yield curve; medium term debt strategy; portfolio, investment and risk management approaches and tolerances; coordination and cooperation across Emirate governments and between government agencies. Triarii Advisors Ltd Public Debt Management and Finance Specialist Dec 2009 May 2011 Asia and East Europe Jun 2010 - Feb 2011 United Arab Emirates

Provided intermittent debt management advisory services in Asia and Eastern Europe and provided subconsultancy on ADB capital market development projects in Asia (Thailand and Vietnam) Asian Development Bank State Bank Of Vietnam Capital Market Modelling and Forecasting Expert Dec 2008 Dec 2009 Vietnam

Support for Developing Capital Markets and Building Capacity in the Financial Sector Provided technical assistance and advice to the Vietnamese Debt Management Office, State Bank, Treasury and State Securities Commission on the institutional arrangements necessary to establish a system capable of producing regular and credible liquidity forecasts for government cash flows and banking sector liquidity. Advised the Ministry of Finance during the final development of a merger between the external and internal finance departments to create a separate Debt Management Unit. This included advice on the location of the cash management function of the government as well as the development of a front/middle/back office structure for the DMO, and the management of loans from international financial institutions. Asian Development Bank Thai Public Debt Management Office (PDMO) Bond Market Development Expert Supporting the Implementation of the Capital Market Development Plan Advised the Thai government on the development of an investment fund (the Bond Market Development Fund) for the proceeds of surplus bond issuance and pre-funding. This included developing a detailed set of operational guidelines for the Fund which assisted the Thai Government frame the governance, board and management structure and to ensure the operational independence of the Fund. The operational guidelines included setting the corporate governance principles of the Fund including the development of an appropriate organizational structure with position descriptions and a recruitment plan in a similar structure to a global best practice debt management office. Prepared the investment manual and protocols for the Fund including detailed trading and investment Jan 2009 Oct 2009 Thailand

strategies consistent with an appropriate risk management structure. Emerging Markets Group Governance and Public Finance Advisor Sep 2006 Feb 2008 Iraq

Governorates Capacity Building Program Provincial Reconstruction Team (DFID UK) Provided technical assistance in public sector management, governance and financial management to provincial government organisations including the Basra Provincial Council and the Governors Office. Advised the UK and US Governments on their economic and governance activities in Southern Iraq. Assisted the government manage their loan/grant portfolios by developing and producing two reports that were subsequently federally mandated as a key accountability tools for sub-national government and which encouraged comprehensive economic development planning at the provincial level; and Assisted in the preparation of a functional analysis and restructure of the provincial government including focussing on the management of their outstanding debts and loan portfolio. Oct 2005 Sep 2006 Afghanistan

Afghan Ministry of Energy and Water (World Bank) Chief Financial Officer Emergency Power Rehabilitation Project Program Implementation Support Unit

Provided financial management services on World Bank energy sector projects as the Chief Financial Officer for the Ministry and was special adviser to the Energy Minister on the corporatization of the energy utility. Managed the loan and grant portfolio including making payments as required. Prepared all three consecutive investment and operating budgets for the Ministry, compiled a budget management manual highlighting processes and procedures for budget preparation and monitoring and prepared all World Bank Financial Monitoring Reports, facilitated external audits completed by the Control and Audit Office and project audits of the World Bank. Developed and implemented a pilot Finance and Administrative Reform Proposal including recording debt liabilities, compiling a financial management manual highlighting key aspects of accounting, internal controls, record keeping, financial reporting and monitoring. Apr 2004 Oct 2005 Afghanistan

Afghan Ministry of Finance (World Bank) Public Financial Management Expert & Acting Chief of Party Strengthening the Financial Capacity of Government

Provided direct financial management advisory services to four Government Ministries and their public utilities including: Water and Power, Mines and Industry, Telecommunications, Trade and Commerce. Advised the Ministry of Finance on budget and management issues including compiling budget instructions, developing a financial management information system (FMIS), developed training material and conducted courses on financial management topics including: loan management, accounting, preparation of financial management reports and trust fund expenditure eligibility. Australian Office of Financial Management (AOFM) Manager Cash and Liquidity Treasury Services Oct 2001 Apr 2004 Australia and offshore

The AOFM is Australias Sovereign Debt Manager with Treasury Services executing the front office role. Managed the cash and liquidity forecast unit responsible for the Commonwealth of Australias (AUD25 bn.) cash portfolio, consistently and within required limits. Structured and executed the Governments within year funding and investment strategies within an appropriate risk management framework. Executed treasury bond tenders and interest rate swap transactions. Provided input to the review of the Commonwealth Government Securities market that ultimately recommended the maintenance of government bond issuance in surplus fiscal environments to maintain a liquid bond market in Australia. Advised many regional DMOs on the structure of their agencies and developed a pro-forma plan of how to assess and implement a move towards a front/middle/back office stricture before the World Bank Debt Management Performance Assessment tool was developed. EDUCATION Qualification Institution Graduation

Master of Science Public Policy and Management Bachelor of Laws (LLB) Bachelor of Commerce in Banking and Finance

University of London, Centre for Financial and Management Studies, SOAS (cont.) University of Canberra University of Canberra

2012 2008 1999