International cooperation of the Academy of financial management within the implementation of the memorandum of mutual understanding and technical partnership with the International Consortium on Governmental Financial Management (ICGFM, USA)

SESE “The Academy of Financial Management” (hereinafter referred to as the Academy) cooperates with the International Consortium on Governmental Financial Management (ICGFM, USA). According to the Memorandum of Understanding and Technical Cooperation signed in 2016, the foundations of a promising long-term partnership were laid. As part of the action plan for the Memorandum from 2016 to 2024 the Academy participated in many events of the international level, was directly involved in important scientific developments, actively and effectively presented and improved the image of Ukraine on the world stage. Evidence of the high level of trust and development of relations between the Academy and the ICGFM is the fact that its president, academician of the National Academy of Sciences of Ukraine Tetiana Iefymenko, was elected three times in a row to the Board of Directors of the Consortium as a representative of the Academy - an organizational member of the ICGFM. Working with the ICGFM Special Committee on International Accounting Standards, the Academy prepared proposals for many documents issued by the International Public Sector Accounting Standards Board (IPSASB). The effectiveness of cooperation with the ICGFM in the context of the implementation of the Academy's powers as an organizational member is confirmed by the implementation of the results of the Academy's research work in the activities carried out by the International Consortium, the use of international experience for further improvement of the public finance management system in Ukraine.