Karoly Zoltan Jokay

Currently offering three courses per year:  Comparative Public Budgeting (DPP 5240), Planning and Methods of Municipal Infrastructure Finance (DPP 5053), as well as Public Management (DPP 5310).

Karoly (Charles Jokay) is a municipal finance and creditworthiness specialist with extensive experience in Central and Eastern European countries, including Serbia, Bosnia-Herzegovina, Hungary, Macedonia and Romania, and recently (2009), India, South Africa, Namibia and Botswana.   Having served for two years as the Municipal Capital Markets Development Advisor to the Ministry of Interior and to the Ministry of Finance in Hungary, he has extensive regional experience in policy reform, municipal finance and budgeting, utility infrastructure, and information marketing and dissemination to municipalities. His firm, IGE Consulting Limited (www.ige.hu), established in 1996, provides municipal finance and development consulting to international donors and to Hungarian municipalities.

Jokay worked  in India on a World Bank project evaluating the municipal borrowing regulatory framework in 3 states as well as at the Union level.  In Africa, Jokay developed a water tariff calculation model, as well as budgeting templates on behalf of local government associations in South Africa, Namibia, and Botswana.  The project was sponsored by the EU and the Swedish International Development Agency.

Jokay recently completed two World Bank projects in Serbia, providing support on municipal bond disclosure standards, as well as advise on public utiltity transformation and regulation in the municipal services sector.

Having worked extensively in the ex-Yugoslav and Central European region, Jokay's expertise extends to the regulation and management of municipal debt and  bankruptcy.