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FreeBalance Executive Named to ICGFM Board of Directors as Vice President, Communications

Washington, DC (March 17, 2009) - The International Consortium on Governmental Financial Management (ICGFM) has selected Doug Hadden as its new Vice President of Communications. ICGFM is non-profit organization that it dedicated to improving public financial management so that governments may better server their citizens. The ICGFM provides knowledge transfer for good practices through conferences, forums and the publication of the International Journal on Government Financial Management.

Hadden is embarking on an ambitious project to help ICGFM take advantage of new Web 2.0 technologies. “It’s an exciting time for public financial management and there is a great opportunity to enhance knowledge transfer and sharing among countries,” said Doug Hadden. “We intend to extend the knowledge transfer gained at ICGFM events and forums throughout the international public financial management community”.

The International Consortium on Governmental Financial Management (ICGFM) is now using social networking for knowledge transfer and collaboration, including:

About ICGFM

Working globally with governments, organizations, and individuals, the International Consortium on Governmental Financial Management is dedicated to improving financial management by providing opportunities for professional development and information exchange. The ICGFM was established over two decades ago to serve as an international forum for public sector financial managers

The ICGFM brings together government leaders, public financial management experts, international donors and program managers every year at the International Consortium on Government Financial Management (ICGFM) Conference in Miami. Representatives from Africa, Asia, Europe, Latin America, and North America – 50+ countries in 2008 -- will be gathering in Miami to discuss what their governments are doing in response to the global economic downturn and how they are preparing public financial management to deal with the economic uncertainty. More at www.icgfm.org.

About FreeBalance

FreeBalance is a global provider of software solutions for public financial management. Public Financial Management is an essential part of the international development process. FreeBalance solutions support government modernization, fiscal decentralization, and public finance reform. Founded in 1984, FreeBalance is headquartered in Ottawa, Canada with offices in Europe and the Americas.

The FreeBalance Accountability Suite is a commercial off-the-shelf integrated financial management information system. The software has been designed specifically for government financial management. This design enables quick software configuration to government requirements and rapid implementation across all levels of government. This government-specific functionality includes international standards, commitment accounting, and budgetary controls.

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