FreeBalance Shares Public Financial Management (PFM) Domain Expertise at ICGFM Annual Winter Conference in Washington, DC

Conference to explore PFM in the 21st Century and Modern PFM Institutions

Ottawa, Canada (5 December 2011) –

FreeBalance, a global Government Resource Planning (GRP) software company, today announced participation at the 2011 International Consortium on Governmental Financial Management (ICGFM) Winter Conference. The event runs from December 5-7, 2011 in Washington, DC at the International Monetary Fund (IMF) conference facilities. The ICGFM conference provides opportunities to discuss ideas and policies with government financial managers from around the world. Representatives from Africa, Asia, Europe, Latin America, the Caribbean, and North America will share practical experiences in adopting and implementing new components in the public financial management (PFM) world. For more information, visit www.icgfm.org.

“FreeBalance looks forward to discussing modern public financial management tools and implementation methods with the ICGFM dignitaries,” said Doug Hadden, VP Products at FreeBalance. “Our mission is to help countries leverage technology to support economic growth and aid development through transparent and accountable financial systems. FreeBalance is active in all World Bank regions and has more than 25 years experience implementing government resource planning solutions worldwide.”

Attendees of the 2011 Winter Conference will also learn about the PFM institutions that provide the foundation for meeting the demands for greater accountability, transparency, and better management of public resources. As described in the 2011 ICGFM Winter Conference overview: “ICGFM is focusing on how PFM has evolved over the last 15 years to meet greater demands for accountability and transparency, and to manage through unprecedented economic changes and crises.” Key themes of this conference include: Independent accountability institutions, Performance informed resource allocation, Risk management as an element of PFM, Reporting standards, and Managing beyond the current budget year.

FreeBalance is a Sustaining Member of the ICGFM. Other members include The World Bank; The International Monetary Fund; the United States Agency for International Development – Inspector General; the Association of Government Accountants (USA); and The Development Gateway Foundation. FreeBalance President & CEO Manuel Pietra is a member of the Board of Directors at ICGFM.

Software solutions from FreeBalance are being used in 19 countries, including Antigua & Barbuda, Afghanistan, Canada, Iraq, Kosovo, Kyrgyz Republic, Liberia, Mongolia, Namibia, Pakistan, Sierra Leone, Southern Sudan, Timor-Leste, and Uganda among others.

About ICGFM
Working globally with governments, organizations, and individuals, the International Consortium on Governmental Financial Management (ICGFM) 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. More at www.icgfm.org.

About FreeBalance
FreeBalance helps governments around the world leverage robust Government Resource Planning (GRP) technology to accelerate country growth. FreeBalance software solutions for public financial and human resource management support reform and modernization to improve governance, transparency and accountability. Good governance is required to improve development results. FreeBalance solutions are active in 19 countries managing more than a quarter trillion ($US) in annual budgets worldwide. For more information, visit www.freebalance.com.

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