Leading the ICGFM’s Discussion on PFM Policies Worldwide to Better Respond to the COVID-19 Global Crisis

On 19 October, the International Consortium on Governmental Financial Management (ICGFM) gathered public financial management (PFM) professionals around the world to launch the first online Community of Practice session, devoted to exchanging insights of different countries into the COVID-19 pandemic in order to explore the most appropriate tools of dealing with the pandemic and restoring battered economies around the world.

The event was divided into different regional groups, including the EU, Eastern Europe, the Balkans and Central Asia – moderated by PMCG. During the process, we debated the current development of COVID-19 in the different regions and the major actions taken by countries to limit the human and economic impact of the pandemic. In particular, special attention was given to Moldova, Georgia and Serbia, regarding how each country is handling the crisis.

“I want to thank all the professionals who took part in the event and contributed to building stronger PFM systems that are of particular importance today in the context of the global crisis. A second session will be held soon, allowing us to share and discuss even more cases about coping with COVID-19 more effectively,” stated Aleksi Aleksishvili, CEO and Chairman at PMCG.

In 2019, PMCG joined the Board of the ICGFM, which serves as a leading global organization, uniting government entities, institutions, professional associations, university departments and high-level financial management professionals, in order to increase its involvement in enhancing accountability, transparency and good governance at the international level.

Please kindly follow the link below to see a newsletter, based on the discussion:
Overview of COVID-19 in Eastern Europe and Central Asia Including Case Studies of Georgia, Moldova and Serbia