The UK Chartered Institute of Public Finance and Accountancy (CIPFA) has signed a Memorandum of Understanding (MoU) with the Institute of Cost and Management Accountants of Bangladesh (ICMAB), two months after signing an MoU with the Bangladesh-based Financial Management Academy (FIMA).
Under the terms of the MoU, CIPFA and ICMAB will work together to strengthen public financial management in Bangladesh and develop a public sector membership in the country. The partnership will offer opportunities for dual membership for members of both institutes.
"The MoU reflects the overlapping interests of both bodies and their desire to share their skills, expertise and experience to further the cause of good public financial management," CIPFA said in a statement.
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