ICGFM Promotes Knowledge Transfer Among Public Financial Management Experts

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.

Tuesday, May 20, 2008

Open Budget Index

Pamela Gomez, Center for Budget Policy Priorities, spoke about the Open Budget Initiative at the 22nd. Annual ICGFM Conference. These indicators are similar in some ways to PEFA, said Ms. Gomez, because they follow good practices and are evidence based.

This acts as a tool by credit rating agencies, donors, legislatures and civil society. The Open Budget Initiative focuses on publicly available data. A study of 50 countries was provided in 2006. A new report for 90 countries is expected to be published in October of this year.

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