The advances of the KFMIS are very important for the PFM reform of the Government of Kosovo. …We have been working with FreeBalance since 2000. We’ll continue our cooperation towards continuous advancement of the KFMIS in order to drive public finances in the way of advanced management so as to be comparable with PFM systems of developed EU countries.
Supporting Democratic Development and Economic Liberalization in Kosovo Since 1999
Since 1999, FreeBalance has had a strategic multi-year relationship with the Government of Kosovo for the development, implementation, and maintenance of the multi-language (English, Albanian and Serbian) Kosovo Financial Management Information System (KFMIS).
The FreeBalance Accountability Suite™ supports all ministries and municipalities, and manages the entire payroll of the Government of Kosovo.
The Government of Kosovo has achieved remarkable results in PFM reform with the KFMIS system being a critical component of the country’s democratic development and economic liberalization program. Kosovo has sequenced legal reform, improved governance, and achieved international PFM standards under difficult conditions. This has contributed to independence, IMF and World Bank membership, European Union accession processes, improving international assessments and increased recognition by global governments.
Further Reading
- How to improve your country’s PFM rankings
- FreeBalance customers perform better in their PEFA assessments
- Latest World Happiness Report shows that FreeBalance customers outperform the global average
Read more success stories on how we helped governments all over the world improve their fiscal transparency and accountability.
Kosovo’s PFM Achievements
Public Expenditure and Financial Accountability (PEFA) Assessment
The Government of Kosovo has achieved a significant improvement in their PEFA assessment scores over the years.
World Governance Indicators
Kosovo’s progression in key indicators relating to PFM shows steady improvement
World Happiness Report
The latest World Happiness Report – our proxy measure for citizen wellbeing – shows a strong improvement in national happiness in Kosovo.
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Sri Lanka
The Integrated Treasury Management Information System (ITMIS) in Sri Lanka is part of a major reform initiative towards improved fiscal management in Sri Lanka through the Fiscal Management Efficiency Project.
Liberia
Since 2010, the Government of Liberia has successfully leveraged the FreeBalance Accountability Suite™ to enable modern comptrollership and governance throughout the public sector.
Mongolia
Transparency helps improve governance, particularly for high-growth resource-rich countries like Mongolia and the country has seen “dramatic improvements” in budget transparency as noted by the International Budget Partnership Open Budget Index (OBI).