![]() ![]() Strategic Objectives: The long-term objectives, outcomes, and impacts an agency hopes to accomplish throughout the term of the Administration. This goal setting entails:Ĭross-Agency Priority Goals: Presidential priorities which are long-term in nature that require interagency coordination to overcome pressing management challenges.Īgency Priority Goals: The Department heads of major Federal agencies set approximately 4 to 5 goals that reflect the top near-term, implementation-focused priorities to be achieved over the next two years. Through a combination of long-term and near-term goal setting, the Administration focuses its efforts on implementing a limited number of actionable goal strategies to advance the well-being of the American people. ![]() Goal setting forces the coordination of priorities and resources, clarifying what success is, communicating priorities, and motivating Federal managers to tackle pressing management challenges. Strengthening agency management capabilities, collaboration, coordination, and knowledge for managing programs more effectively and efficiently. Regular, data-driven performance reviews that incorporate a broad range of qualitative and quantitative indicators and evidence, and ![]() The Federal performance framework rests on a few proven management practices:ĭefining success through strategic planning and priority goal setting,įocusing on a limited number of priority goals, The Act codified and strengthened existing resources for performance management, including the creation of the Chief Operating Officer (COO) and Performance Improvement Officers (PIO) within the federal agencies, and the establishment of the interagency Performance Improvement Council (PIC). To qualify for index membership, the debt must be more than one year to maturity, have at least a $500 million outstanding face value, and meet stringent trading guidelines to ensure that pricing inefficiencies don't affect the index.Enacted in 2010, the Government Performance and Results Act (GPRA) Modernization Act provides the foundation by which Federal agencies are held accountable for establishing management processes and setting performance goals and objectives that deliver results for the American taxpayer.ĭesigned to help focus agencies on their highest priorities and create a culture where data and empirical evidence plays a greater role in policy, budget, and management decisions, the law also created transparent roles and responsibilities for ensuring leadership engagement – one of the most important aspects of any effective performance management system. The index is weighted on the basis of the market capitalization of government bonds, but it is the sub-index with the greatest liquidity requirements, so some markets are excluded. Countries in the EMBI+ index are selected according to a sovereign credit rating level. Morgan’s original Emerging Markets Bond Index (EMBI), which was introduced in 1992 when it covered only Brady bonds. The EMBI+ also includes dollar-denominated loans and Eurobonds and expands on J.P. The EMBI+ Index measures Brady bonds, which are dollar-denominated bonds issued primarily by Latin American countries. The most popular emerging markets bond indexes are the JP Morgan EMBI+ Index, JP Morgan EMBI Global Index, and JP Morgan EMBI Global Diversified Index. Emerging markets bond indexes are used as benchmarks for bond performance in emerging markets. ![]()
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