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FreeBalance Weekly Update – Thursday, May 10, 2012


May 11, 2012

What’s new at FreeBalance?

This weekly news update provides the Government Resource Planning (GRP) community with a brief overview of recent FreeBalance developments and relevant industry news.

Manuel Pietra Elected President of the International Consortium on Governmental Financial Management (ICGFM) for 2013-14

FreeBalance is pleased to announce that its President & CEO, Manuel Pietra, has been elected President of the International Consortium on Governmental Financial Management (ICGFM) for 2013-14. As President, Mr. Pietra will serve as the Chair of the Executive Committee and will provide vision and leadership to support the continued growth of the ICGFM as the world’s foremost community of PFM practitioners.
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FreeBalance Presents “The [Social] Future of Public Financial Management” at Annual ICGFM Conference in Miami

Doug Hadden, Vice President of Products, presented at the 26th Annual International Consortium on Governmental Financial Management (ICGFM) Conference this past week in Miami, Florida. The FreeBalance presentation provided a roadmap for Public Financial Management (PFM) in the 21st century by examining how developing nations and emerging economies are leveraging technology to leapfrog developed countries.
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FreeBalance Showcases Cutting-Edge Government Performance & Transparency Solutions at Annual ICGFM Conference in Miami

FreeBalance showcased the latest Government Resource Planning (GRP) solutions for public sector performance and transparency at the 26th Annual International Consortium on Government Financial Management (ICGFM) conference this past week, which focused on Public Financial Management (PFM) in the 21st century. FreeBalance showcased government performance management and open data software and implementation methodology proven to improve government results and value for money at interactive sessions.

Meet FreeBalance in New Brunswick at the FMI Public Sector Management Workshop

FreeBalance continues to attend and participate in conferences and events around the world including the upcoming Financial Management Institute of Canada (FMI) Public Sector Management Workshop on May 27-29, 2012 in Fredericton, New Brunswick. The theme for this year’s Public Sector Management Workshop is “Sustainability in the Public Sector – Securing the Future.”

The Institutional Structures of Financial Sector Supervision

The global financial crisis made us rethink financial sector regulation and supervision. As part of this process there has been a renewed interest in the institutional structure of financial services supervision. This includes reflections on the differences in these structures across countries, their development over time and their relative performance in the run-up and during the crisis.

Extending Treasury Single Account Coverage in Rwanda to Include Development Partners Project Accounts

International good practice dictates that government controlled trust funds and extra-budgetary funds should be brought within the Treasury Single Account (TSA). Although all Rwandan donor project accounts reside within the National Bank of Rwanda, none of these project accounts have been integrated with the government’s primary Treasury Single Account. From a cash management perspective, shifting donor project funds from their current accounts in the Central Bank into the Treasury Single Account (TSA) will be of immense benefit to the government.

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