"Working globally with governments, organizations, and individuals, the International Consortium on Governmental Financial Management is dedicated to improving financial management, so governments may better serve their citizens, by providing opportunities for professional development and information exchange." We do this principally through our biannual conferences, DC forums and Journal.

DC Forum Luncheons

November 5, 2014

(Last Day to Register: October 31, 2014)


Successes and Challenges of USAID Payment Reform Implementation in Liberia

Register Here


International Consortium On Governmental

Financial Management (ICGFM)

DC Forum Luncheon

David Colvin

President and CEO, IBI International


Hear about how a USAID-funded project is establishing a mobile money payment system for the Government of Liberia, creating five pilot projects in various Liberian Ministries that have the potential to save $6 million. David Colvin, CEO of USAID’s implementing partner IBI International, will talk about the successes and challenges of working with this West African government to introduce cost-saving payment reform. By maximizing the benefit of the extensive penetration of cell phones through rural and urban communities, mobile money has the potential to save time and money for governments, the private sector, and those receiving the payments.


Our Speaker:  David Colvin is a development practitioner with long experience in US development assistance policies and procedures.  As President and CEO of IBI, Mr. Colvin guides the firm’s partnering and new business initiatives, and provides strategic and operational leadership for a range of public financial management projects.


Location:       Carnegie Endowment for International Peace

                       1779 Massachusetts Ave., NW
                       Washington, DC 20036

Time:              12:00-1:30pm


Sponsored By:


Upcoming Forums:

January 7, 2015 February 4, 2015
March 4, 2015 April 1, 2015
September 9, 2015 October 7, 2015
November 4, 2015  

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

Previous DC Forums


The 2014 Inaugural VIP Membership Reception

was a success!


Thank you to all who could attend and

we look forward to our next event in 2015!


Click here for details



2014 Winter Training Conference
December 1-3, 2014

The International Monetary Fund
Washington, DC, USA


Early Bird Rate Ends November 7, 2014

(Full payment must be received by November 7, 2014)


More information | Register

Request for Visa Letter - English


Más información | Registrarse

Solicitud de Visa Letter - Español


Plus d'informations | Inscrire
Demande de Lettre Visa - Français



Improving public governance is a goal of countries around the world.   Demand for more responsiveness, greater accountability, and increased transparency is coming from citizens and financial markets.   Sound PFM is a cornerstone of almost all aspects of governance and ICGFM will explore the role of PFM in meeting this demand and present specific examples of Governments meeting this challenge.


Partner Host:



Platinum Sponsors:



Gold Sponsor:



Supporting Organizations:



Previous Conferences




Current News

October 27, 2014
ICGFM Board Member Highlight

Temistocles Rosas, Individual Member, Panama

Temistocles RosasFormer Director of Auditing Policies in the Office of the Comptroller General of Panama. Former Deputy Minister of Trade and Industry and former Dean in the Vocational Training Institute of Panama. Currently, CEO at Consulting Plus and Partner Director of Banco Panameño de la Vivienda and Panamanian Credit Bureau. Member of the Board in several organizations related with Corporate Social Responsibility and Corporate Governance. Member of ICGFM since 1995.

September 29, 2014

<-- The Latest Volume of The International Journal on Governmental Financial Management is now available!

Access to reliable information and inter-organizational cooperation are two important factors that contribute to organizational effectiveness. All of the articles in this issue offer approaches for consideration that might improve accountability with the goals of providing better information about public assets and improving the lives of ordinary citizens.

-Prof. PWSZ. Zbyslaw Dobrowolski, Editor

If you would like to participate in such discussions, please start thinking about contributions for the next issue of this Journal, participating in the ICGFM blog, and/or attending future ICGFM events.  (See submission details in the journal.)

All previous volumes of the Journal may be found here.

September 15, 2014


Many countries around the world indicate that they have adopted or are in the process of adopting either the Cash Basis IPSAS or the accrual IPSASs.  To the best of our knowledge, the most complete, current listing is available at the following website:  http://en.wikipedia.org/wiki/International_Public_Sector_Accounting_Standards

The ICGFM has developed an IPSAS Compilation Program (including a self-assessment guide and a Certificate of Compliance) to assist developing countries or countries in transition in their efforts to implement IPSAS. Many countries have used the self-assessment guide to evaluate their level of implementation.  Some of the countries that have used the self-assessment guide are as follows:

Egypt, Gambia, Guatemala, Honduras, Kenya, Malawi, Namibia, Nepal, Nigeria, Rwanda, Uganda, and Vietnam.

-Jesse Hughes, Chair, Ad Hoc Committee on International Accounting Standards

August 7, 2014

Consultation Draft for Updating the PEFA Indicators, August 7, 2014

The PEFA Partners are pleased to present the draft updated PEFA indicator set for public consultation, along with a note that uses a question-and-answer format to describe the background of and process for the update. To provide feedback—a crucial element in finalizing this important work—please complete the short questionnaire and/or provide more general comments and suggestions, by October 31, 2014. The Partners are grateful for your participation.






<---  ICGFM Membership Web Brochure


  Please click here for the 2014 Membership Challenge!






IPSAS Compilation and Certification Program for Developing Countries


<---  Web Brochure 


Please click here for the Compilation Guide, Roadmap for Implementation and Self Assessment Field Test!


Click here to see the DC Forum Presentation by Dr. Jesse Hughes, "Status of International Public Sector Accounting Standards", regarding this Compilation and Certification Program.


International Journal On Governmental Financial Management (IJGFM)

Current and archived issues of the Journal are online here. Copies of the Digest are available here.

To further improve the quality of our Journal, we are requesting our readers to participate in a short survey available here in MSWord or PDF.


ICGFM Ad Hoc Accounting Standards Committee

IPSAS Compilation Program for Developing Countries

Read the responses prepared by this committee and submitted to the Board of the International Public Sector Accounting Standards (IPSAS) here.