1 PEM PAL & ICGFM Learning from experience and cooperation Presented by Nikola Vukićević Deputy Minister of Finance Republic of Montenegro Tbilisi, 2007 June

2 What is ‘ICGFM’? Working globally with governments, organizations and individuals, the International Consortium on Governmental Financial Management is dedicated to improving financial management so that governments may better serve their citizens

3 What is ‘ICGFM’? Within the international community, the Consortium is unique It serves as an "umbrella" bringing together diverse governmental entities, organizations (including universities, firms, and other professional associations), and individuals

4 What is ‘ICGFM’?  It welcomes a broad array of financial management practitioners: - accountants, auditors, controllers, - information technology specialists, - treasurers, - and others  They are working in all levels of government (local/municipal, state/provincial, and national)

5 What is ‘ICGFM’?  The Mission statement emphasizes the organization's focus on activities to promote professional development and the exchange of information.

6 ‘ICGFM’ Programs  Activities and products: -To advance governmental financial management principles and standards and -Promote their implementation and application.

7 ‘ICGFM’ Programs  Sponsors meetings & conferences -Bring together government financial managers from around the world -Share information and experiences in governmental financial management -Educate members and others about innovations, best practices, and emerging issues

8 ‘ICGFM’ Programs  Fosters research concerning : -Governmental financial management -Disseminates information and results to our members and the public

9 ‘ICGFM’ Membership  Three options for membership 1.Sustaining Members 2.Organizational Members 3.Individual Members

10 ‘ICGFM’ Meetings Washington International Financial Management Forum, every month Washington Conference, December Miami Conference, May

11 ‘ICGFM’ Annual Meeting Divided into general meetings and training sessions Use a popular location that delegates want to return to in Florida Invite private sector sponsors and presentations Three language translation

12 Miami Conference 2007 Hotel Marriott, May Countries, over 300 participants Part I: Bringing Together the Tools, Talent and Technology – 3 day conference Part II: Building a Strong Financial Management Framework: Putting the Pieces Together – Integrated Financial Management Systems - 2 days of training

13 Miami Conference 2007 Presentation made by Rich Bartholomew and Nikola Vukicevic: PEMPAL Communities of Practice – Peer Tools for Public Finance – 1. day E – Government Country Case Studies – Canada, Paraguay, India, Antigua and Barbuda, Panama Government Capacity Building

14 Miami Conference 2007 Internal Auditing in Public Sector Training based on new Technologies – On-line Distance Learning Integrating Financial Management and Information Systems New Technologies for Public Financial Management

15 ICGFM and PEMPAL How can we build a relationship? Web page links? Video participation? Regional contact and participation by ICGFM participants in PEMPAL events? Annual Miami representation? Attendance at the Washington Meeting on IFMIS in December?

16 Website -Documents, -meeting notes, -learning materials, -relevant articles, -lists of resource persons, etc.