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.

Thursday, October 20, 2016

ICGFM DC Forum Luncheon, November 2, 2016 - Public Financial Management in the Fight Against Corruption

Public Financial Management in the Fight Against Corruption
DC Forum Luncheon
November 2, 2016, 12:00 - 1:30 p.m.


Our Speaker: 

Reggie Mitchell
Chief Financial Officer, USAID

During this session, Reginald W. Mitchell, Chief Financial Officer for the US Agency for International Development, will present a high-level overview of the development challenge surrounding corruption and provide his perspective on public financial management's role in building effective institutions and fighting corruption. 

Our Speaker:  Reginald W. Mitchell has served as the U.S. Agency for International Development (USAID) Chief Financial Officer since March 2014.  He is responsible for the worldwide oversight and development of USAID’s financial management policies, programs, and systems.  Mr. Mitchell provides executive leadership to Agency senior management and staff in ensuring the financial integrity of the Agency’s business operations.  Mr. Mitchell also served at the U.S. Nuclear Regulatory Commission (NRC) for 26 years, where he gained considerable executive experience.  Mr. Mitchell also served as the Agency’s Controller from 2011 to 2013, and as Budget Director from 2008 to 2011.  Prior to these assignments, he served in a number of senior executive and management positions at the headquarters and regional levels leading administrative operations, including financial management, information technology, human resources, budget formulation and execution, performance management, strategic planning, and space management.  Prior to joining the NRC, Mr. Mitchell served in the United States Navy on nuclear submarines.  He holds a Bachelor of Science degree in Business Management from National-Louis University and a Master of Public Administration from American University.

Location:  Carnegie Endowment for International Peace
1779 Massachusetts Ave., NW
Washington, DC 20036

Time:  12:00-1:30pm

Sponsored By:
 Grant Thornton

Monday, September 26, 2016

ICGFM DC Forum Luncheon, October 5, 2016 - How a Deficit-Plagued District of Columbia was Transformed

How a Deficit-Plagued District of Columbia was Transformed into a Financially Healthy Municipality
DC Forum Luncheon
October 5, 2016, 12:00 - 1:30 p.m.

Our Speaker:

Natwar Gandhi

Former Chief Financial Officer, District of Columbia

A first-hand account of:
·         How the District was transformed from a deficit-plagued, junk bond rated jurisdiction with $550 million negative fund balance into a financially healthy municipality with a string of balanced budgets and a fund balance of $1.5 billion at the end of 2013, and 

·               How the District secured multiple rating upgrades (a total of 13 rating steps since FY2000) from the major rating agencies for its general obligation bonds, which are currently rated A+ by Standard and Poor’s, AA- by Fitch Ratings and Aa2 by Moody’s Investors Service.

Our Speaker:  Natwar M. Gandhi, PhD, retired as the Chief Financial Officer (CFO) for the District of Columbia at the end of 2013 after serving in that position since 2000.  After presenting evidence of the District's renewed fiscal strength to the financial community, Gandhi was able to secure bond rating upgrades for the city from the three major rating agencies, including a return to an 'A -' rating from Standard and Poor's and Fitch Ratings - the first 'A' level rating for the District since 1995.  Gandhi holds a doctorate in accounting from Louisiana State University, a master's degree in business administration from Atlanta University, and an LLB and BCom in accounting from the University of Bombay.

Location:  Carnegie Endowment for International Peace
1779 Massachusetts Ave., NW
Washington, DC 20036

Time:  12:00-1:30pm

Sponsored By:

Wednesday, August 17, 2016

Call for Speakers/Panels/Papers

Call for Speakers/Panels/Papers

ICGFM Winter Training Conference

December 5 - 7, 2016

Washington, DC USA

Looking forward to a renewed role for public financial management (PFM), it is necessary to build strong PFM practices to address macroeconomic environment, to maximize PFM investment and investor’s confidence.  The options available to finance growth are positively correlated to the strength of a country’s PFM policies, supporting framework and processes, and underlying capacity.

ICGFM solicits proposals for speakers/panels/papers that address the relationship between PFM and its role in building the foundation for success to meet the sustainable development goals for its upcoming Winter Training Conference to be held at the International Monetary Fund in Washington, DC, USA. 

Deadline for submitting proposals for the Washington, DC conference:  September 1, 2016

Presenters from the public and non-profit sector will be awarded a stipend that can be used toward the cost of travel and hotel expenses and given an opportunity to publish their case studies in the ICGFM Journal. 

Key subjects of the conference theme include:

Institutional Reforms and Measurement:
·         Selecting PFM investments which align with strategic vision
·         Developing PFM mechanism geared toward service delivery
·         Demonstrating sectorial returns of PFM investment
·         Realizing benefits of Supreme Audit Institution
·         Enhancing judicious and equitable revenue collection
·         Demonstrating importance of whole of government approach
Policy Reforms:
·     Addressing macroeconomic policies and practices to maximize return in government PFM investments
·       Establishing Government Accounting Standards Board
·   Shifting all public sector enterprises, ministries, departments and authorities to accrual accounting to bring transparency and efficiency
Operational Reforms and Processes:
·         Increasing investors’ confidence through strong PFM practices
·         Enhancing transparency through open government/open data initiatives
·         Preventing fraud, waste, and abuse
·         Investing in people to meet governmental strategies
·      Using financial management information system and analytical tools for decision making to establish strong cash flow and budget management mechanisms
·      Developing budgets driven by long term development policies; equal importance for recurrent budget expenditures

Please follow these instructions to ensure your proposal is expeditiously reviewed. Submissions that do not conform to these instructions will not be reviewed.  Proposals may be presented using the format at the end of this announcement and must be translated into English.
If the attached format is not used, proposals should be no more than 1-3 pages in English.  The submission should include the following information:  
  • Title of session
  • Name, Title, Affiliation, languages spoken, address, email, and phone number of the Session Organizer
  • Name, Title, Affiliation, languages spoken and contact information of up to four (4) potential panelists, if applicable
  • Overview that includes: Objectives of the session; background of the topic; significance to scholarship in or practice of PFM. 
How to submit: icgfm.programs@icgfm.org  

Method of selection: All submissions will be reviewed by the Program Steering Committee. 

Criteria on which proposals are evaluated include: Overall quality; interest to the financial management community of scholars; relevance to practice, and the potential to advance knowledge and dialogue in the field.

Selection notifications for the Washington, DC conference will be made by September 30, 2016.  

Final conference presentations from selected presenters are due on October 21, 2016

Conference description:  ICGFM Conferences are a gathering of financial management practitioners to discuss the financial reforms and methods available to better serve their citizens.  Representatives from Africa, Asia, Europe, the Middle East, Latin America, the Caribbean, and North America share their practical experiences in meeting common challenges and employing innovative approaches to all aspects of the PFM cycle.  



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.