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FreeBalance Weekly Update – Tuesday, August 7, 2012

 

August 7, 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.

Team FreeBalance Heads to London for Olympic-Inspired Canadian ICT Showcase

FreeBalance is pleased to announce participation in the Canadian ICT Showcase at Canada House, Trafalgar Square on August 6, 2012 from 10:30 a.m. – 6:00 p.m. The Canadian ICT Showcase is being organized by Invest Ottawa, in partnership with the Canadian High Commission in London. The Canadian ICT showcase provides an opportunity to meet and network with leading Canadian businesses looking to partner with UK and international companies and organizations.
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FreeBalance Government Resource Planning (GRP) Software Enabling Substantial Public Financial Management (PFM) Reform

FreeBalance, a For Profit Social Enterprise (FOPSE) software company that helps governments around the world to leverage robust Government Resource Planning (GRP) technology to accelerate country growth, is pleased to announce that the governments of Afghanistan, Kosovo, Sierra Leone and the West Bank recently received a rating of “substantial” for public financial management (PFM) reform. The World Bank report, Public Financial Management Reforms in Post-Conflict Countries: Synthesis Report, published earlier this month examined PFM reform in eight post-conflict countries.
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Government Resource Planning Lessons in Post Conflict Countries

The World Bank published a new report Public Financial Management Reforms in Post-Conflict Countries: Synthesis Report that studies eight countries with an interesting video. FreeBalance has been instrumental in bringing good public financial management practices through Government Resource Planning (GRP) automation to countries ranging from post-conflict to G8. The Synthesis Report follows a World Bank Economic Premise note last year. Both show that countries that implemented the FreeBalance Accountability Suite have shown substantial PFM progress. These studies provide some validation that we’re on the right track in enabling sustainable public financial management reform.
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Basics First is Best Practice!

This note compares two strategies for modernizing public sector management (PSM) in countries that have large technical deficits in policymaking, allocating public resources, delivering public services, and monitoring results. One strategy, often favored by development specialists, is to attempt to rapidly modernize public management by introducing the advanced practices of highly-developed countries. The argument for this “leapfrogging” strategy rests on the expectation that low-income countries can avoid the trial and error process that advanced countries have experienced and accelerate straight to adopting best practices.
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