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The global financial and sovereign debt crises have highlighted more vividly than ever before the damaging consequences of weak public financial management.

Poor financial management by governments impacts on public services, living standards and life chances. It adversely affects investor confidence, economic performance, and trust in government. And at a time when governments are making crucial decisions of national economic importance, it means that their decisions are based on incomplete, inaccurate, and out-of-date financial data.

These difficulties exist in individual public sector organisations as well as national governments in all parts of the world and at all stages of economic development.

Improving public financial management is therefore a critically important challenge for all governments, requiring concerted and co-ordinated international action at global, regional, national and local levels.

CIPFA is aiming to achieve real impact and deliver outcomes which really matter, high quality public services, economic growth and prosperity, and improvement in life chances. CIPFA aims to work with a range of partners including: international agencies, governments, banks, charitable foundations, accountancy bodies and others.

If your organisation shares our passion for public financial management and would welcome a conversation about how we can work together, we want to hear from you.

These problems will not resolve themselves. But with concerted, determined action, we can really deliver a step-change.