The UK Chartered Institute of Public Finance and Accountancy (CIPFA) has signed a Memorandum of Understanding (MoU) with the Bangladesh-based Financial Management Academy (FIMA), a training organisation focused on the government sector.

CIPFA’s collaboration with FIMA is part of the Strengthening Public Expenditure Management Programme (SPEMP), a World Bank-sponsored scheme aimed at enhancing efficiency, effectiveness and accountability in the field of public financial management.

CIPFA said in a statement the MoU "will help strengthen the public sector in Bangladesh and further cement CIPFA’s presence in the country".

Under the terms of the MoU CIPFA will provide support and training for FIMA instructors on the institute’s International Public Financial Management qualification.

As a result FIMA will offer training in public finance management to members of the Office of the Comptroller and Auditor General in Bangladesh and other government agencies in the country.

CIPFA international director Alan Edwards said: "CIPFA is delighted to be working with FIMA and the Bangladeshi Comptroller and Auditor General to strengthen training in Public Financial Management in the country. Professional public financial management is fundamental to the delivery of good quality public services, value for money and good governance."

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The UK Chartered Institute of Public Finance and Accountancy