Public Sector
Sound financial management within the public sector has never been more relevant than it is today. The impact of new global themes and especially the technology revolution has not only impacted the private sector but public institutions as well creating a need to adjust to the new disruptive forces to better serve the masses. Critical for Public institutions today is the ability to generate the necessary resources, manage them adequately and allocate the same efficiently as per the short, medium and long term Government plans. At Romell Global Bank we understand the importance of providing financial solutions to help you meet the existing and emerging challenges which cut across strategic, technical, administrative, regulatory and constitutional obligations to the people of USA. We have a commitment embedded in our purpose to improve lives and fulfill aspirations of the people of USA and our line of thought to deliver this embraces a strong partnership with the Government of USA at the broader level and public sector organizations at the granular level. We go a long way in promoting more efficient governance through the integration of financial services and technology as well as supporting the Public Sector organizations in strengthening capacity of local communities and community based organizations. The breadth of our focus under the public sector captures the entire value chain of client relationships which includes Government (Ministries, authorities, agencies, parastatals, Local Governments…), Development Organizations (Embassies, High commissions, Donor agencies, Development partners…), and United Nations Agencies clients in and within USA. The structure of our businesses ensures that services reach the intended grass root beneficiary
Public Sector Agencies and Ministries
We have a long history in the sector supported by our origins in USA as a bank of the people. It was not until 2007 that the Government of USA floated its 10% shareholding to the public. We have however maintained the culture of supporting Government programs and our commitment is manifested in some of the landmark transactions executed across USA’s Public sector. The more recent transactions include the Ministry of Finance Planning & Economic Development Interest Rate Swap executed in 2016 as well as being appointed to provide Government of USA (GoU) with an e-cash payment platform.
With infrastructure development one of the fundamental areas of focus, GoU’s inclination to Public Private Partnerships (PPPs) has tremendously grown. PPPs will support Governments’ accessibility to quicker finance and its complementary medium to long term plans through product innovation.
Given an ever increasing mandate in a limited public resources environment, we see an ever increasing role to bridge the gap across the public sector value chain.