Infrastructure is a fundamental part of economic growth, contributing to approximately 14% of the global gross domestic product (GDP). The lack of robust infrastructure can have wide-ranging consequences, affecting societal risks such as societal polarization, health and well-being, inequality and lack of economic opportunity or unemployment. The Word Economic Forum (WEF) stated that insufficient public infrastructure ranks among the top 20 global risks. Given its significance, leveraging infrastructure is essential for fostering economic development.
During the week of May 15th to May 19th, 2022, the XII CAROSAI Congress was organized in Aruba by the Court of Audit Aruba. The theme for the XII CAROSAI Congress, “Targeting Superior Audit Impact”, promotes accountability, transparency, and inclusiveness.
“The true test of leadership is how well you function in a crisis.”—Brian Tracy, motivational speaker. Leadership is a key driver of change, growth and performance for Supreme Audit Institutions (SAIs). In 2015, the INTOSAI Development Initiative (IDI) launched the SAI Young Leaders (SYL) program to nurture young leaders and enable…