Forum on Strengthening Public Sector in Africa Underway

AU Public SectorA public financial management forum aimed at strengthening public sector accounting in Africa is underway in Addis Ababa.

Opening the session, African Union Deputy Chairperson Kwesi Quartey said the forum enhances the pioneering role of the Union in the implementation of International Public Sector Accounting Standards (IPSAS) and public sector accounting for inclusive growth and sustainable development in the continent.

He stated that creating strong public financial management and public sector accounting through implementing IPSAS improve quality and comparability financial statements as well as promote transparency, accountability and good governance in the continent.

State Minister of Finance, Admasu Nebebe said the Government of Ethiopia has recognized that strengthening public sector financial management is pivotal to enhance public investment efficiency and increasing operational performance, transparency and good governance of state-owned enterprises.

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