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Public Financial Management: A Critical Tool for Risk Management in Developing Countries


July 14, 2014

Doug Hadden, VP Products

Risk management has become an important discipline in Public Financial Management (PFM), particularly in developing countries. For example, the World Bank, via the Coursera MOOC platform, is providing a very interest course on Managing Risk for Development. We have been seeing an increasing emphasis on public investment planning, performance audit and planning for environmental sustainability over the past few years. Here's my take on the contribution of PFM to risk management in developing nation governments:

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Doug Hadden

Doug Hadden

Executive Vice President, Innovation at FreeBalance
Doug is responsible for identifying new global markets, new technologies and trends, and new and enhanced internal processes. Doug leads a cross-functional international team that is responsible for developing product prototypes and innovative go-to-market strategies.

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