November 27, 2012Doug Hadden
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.
Join FreeBalance at FMI’s Professional Development Week in Ottawa
Every November, over 3,500 private and public sector financial management professionals meet at PD Week to keep current with best practices in managing public sector resources. PD Week provides participants an unmatched one-stop learning experience and ensures that the finance community acquires the skills, training and experience to meet the increased demands placed on them. FreeBalance will be showcasing its Government Resource Planning (GRP) solutions for the Government of Canada at the event.
Read more about FMI’s PD Week >>
Paving the Way for Transparency
A sound PFMIS will help decision makers – both oversight and spending agencies – channel funds to where they are intended and will do the greatest benefit. More importantly, it sets off alarms whenever spendings are riffed with irregularities and informs citizens where their taxes go and how they will be spent. In the absence of a PFMIS, organisations risk duplicating their efforts, misplacing their priorities and spending without a clear direction.
Cambodia, ADB Mark 20 Years of Partnership and Achievement
This year marks the 20th anniversary of cooperation between Cambodia and the Asian Development Bank (ADB), a partnership that has made a significant contribution to shaping the country’s economic development. Since 1992, ADB has provided almost $2 billion to Cambodia, including concessional loans and development assistance for transport, energy, urban and rural development, education and vocational training, health care, the finance sector, and private sector development.
Read more on the ADB website >>
The Importance of Strengthening PFM at the Sub-National Level in Sub-Saharan Africa
The ongoing trend of decentralizing governance responsibilities to the sub-national level in many countries in sub-Saharan Africa (SSA) is likely to continue in the near future. In order to achieve its objectives, it will be crucial that this transfer of responsibilities will be matched by equal efforts to increase sub-national Public Financial Management (PFM) capacity.
Continue reading on the IMF’s PFM Blog >>
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