Since 1999, FreeBalance has had a strategic multi-year relationship with the Government of Kosovo for the development, implementation and maintenance of the multi-language system (English, Albanian, and Serbian) Kosovo Financial Management Information System (KFMIS).
The FreeBalance Accountability Suite™ supports all ministries and all 30 municipalities, and manages the payroll of the Government of Kosovo.
The Government of Kosovo has achieved remarkable results in PFM reform with the KFMIS system being a critical component of the country’s democratic development and economic liberalization program. Kosovo has sequenced legal reform, improved governance, and achieved international PFM standards under difficult conditions. This has contributed to independence, IMF and World Bank membership, European Union accession processes, improving international assessments and increased recognition by global governments.
The Government of Kosovo has achieved a significant improvement in the Public Expenditure and Financial Accountability (PEFA) assessment scores of the years.