January 17, 2011Doug Hadden
Doug Hadden, FreeBalance VP of Products, described the case study methodology to promote knowledge sharing on good Public Financial Management (PFM) practices. He described the importance of international assessments such as Public Expenditure and Financial Accountability (PEFA) to government credibility. FreeBalance customers have achieved good PEFA results despite trying circumstances, according to Mr. Hadden.
Mr. Hadden described the case studies developed from experience in Kosovo and Afghanistan. These case studies are part of a series of papers to be produced by FreeBalance to share good PFM practices. These case studies leverage academic research, experience in countries and results of FreeBalance customer surveys.
The case studies provide an overview of country PFM challenges. Regional comparisons are made. Government goals are described because the sequence of reform should be based on the country context.
The most valuable parts of the case studies, according to Mr. Hadden, are the sequencing of legal reform and PFM systems, and the lessons learned. Governments are constantly reforming PFM processes. The case studies describe the challenges ahead for FreeBalance government customers.
Mr. Hadden described how PEFA and other assessments can be leveraged to plan future reforms. He described a blueprint approach that identifies opportunities to automate based on the Public Financial Management Component Map developed by FreeBalance.
The annual FreeBalance International Steering Committee (FISC) conference runs from January 16 – 19, 2011 in Madeira, Portugal. FISC provides an interactive forum to exchange Public Financial Management (PFM) good practices among international customers and PFM thought leaders. FISC drives the FreeBalance Accountability Suite product vision to direct FreeBalance GRP solutions. Previous FISC events were held in Mt. Tremblant, Canada (2010); Prague, Czech Republic (2009); Cascais, Portugal (2008); and London, United Kingdom (2007).