Treasury Announcements

Between October 11 and 13, 2010, members of the PEM PAL Treasury Community of Practice (TCoP) met in Dushanbe, Tajikistan, to discuss implementation of the integrated budget classification and chart of accounts. The meeting was organized in cooperation with the Ministry of Finance of Tajikistan.  

The meeting was opened by Ms. Elena Nikulina, PEM PAL Task Manager at the World Bank, and Mr. Shavkat Sohibov, Deputy Minister at the Ministry of Finance of Tajikistan.

The participants discussed the implementation of the integrated budget classification and chart of accounts (BC & CoA). The objective of the workshop was to allow the Treasury CoP members to exchange experiences and transfer knowledge related to the BC and CoA. Each country was also asked to prepare a case study for presentation and discussion.

Some 30 representatives of ministries of finance from Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan and Ukraine attended the meeting. Participants agreed that learning the rules is a necessary prerequisite to develop and implement integrated budget classification and chart of accounts, although specific practices cannot be directly translated from one country into another. They also emphasized that sharing of best practices and experience is beneficial for learning from one another and important for avoiding discrepancies.

Representatives of the donor institutions participated at the meeting as observers. The Center of Excellence in Finance (CEF) attended the meeting in the capacity of the PEM PAL Secretariat.