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March 29, 2022

KCA Wealth Management Works with EVERFI to Bring Financial Literacy Education to Central Pennsylvania Students

To Rejoice Fiscal Literacy Thirty day period, the Wealth Administration Firm Encourages Directors and Parents to Use EVERFI’s Economic Means

CAMP HILL, Pa., March 29, 2022 /PRNewswire/ — KCA Wealth Management (KCA), a holistic financial preparing firm serving Central Pennsylvania with office environment places in Camp Hill, Hershey and Carlisle, announces its strategic partnership with EVERFI, a main Affect-as-a-Services^™ education innovator, to bring economical literacy curriculum to Central Pennsylvania pupils. Thanks to KCA Prosperity Management’s $30,000 donation, a lot of community faculties have initiated measures to apply EVERFI’s monetary literacy classes which includes: Trinity Significant School, Bishop McDevitt High College, St. Joseph University, Harrisburg Academy, Cumberland Valley Substantial College, and Milton Hershey University.

KCA’s announcement will come amid April’s Countrywide Financial Literacy Thirty day period, a time committed to highlighting the significance of training People how to set up healthy monetary behavior. When fiscal literacy expertise are critical in the 21^st century, they are seldom taught in a official faculty location. EVERFI’s fiscal curriculum aims to educate college students on essential economic capabilities when building decisions that could effects their potential.

“Our company has been providing economic schooling to the Central Penn neighborhood for 20 many years and via this strategic partnership with EVERFI, I am happy to continue those efforts by aiding provide economical literacy training right to community pupils,” mentioned Brian Kennedy, founder, and principal of KCA. “By acquiring economic literacy skills at a younger age, these learners can establish the self confidence and information to make audio economical conclusions. My purpose is to keep on to elevate consciousness about the need to have for early economical instruction and deliver these classes to just about every university in our spot.”

As a sponsor of the EVERFI curriculum, KCA is helping learners attain entry to EVERFI’s different economical courses including:

Vault – Fiscal Literacy for Elementary College students (Grades 4 to 6)
Students understand the basic principles of finances these kinds of as the change amongst wishes and needs as a result of digital classes like serving to a new pal from outer space navigate time on earth Earth.

Venture: Entrepreneurial Expedition for Center and Higher Faculty College students
(Grades 7 to 10)
The electronic program is broken up into 4 classes:
Lesson 1: Setting up a Spending budget & Saving Startup Money
Lesson 2: The Entrepreneur in You Lesson
Lesson 3: Recognizing Small business Chances & Commencing Your Company Lesson
Lesson 4: Your Company Snapshot

EVERFI: Money Literacy for Higher School College students (Grades 9 to 12)
Money Literacy for High College is made up of 7 digital lessons, 15-25 minutes each and every, that can be smoothly built-in into curriculum for finance, economics, profession and specialized education and learning, social scientific studies, and organization. The articles handles matters which include cash flow and employment, budgeting, financing increased education, insurance, and other critical principles.

Kennedy commends Corey Deibler, a associate at Keystone Tax Associates, who served connect KCA and EVERFI with Trinity Significant College, Bishop McDevitt Higher School, and St. Joseph Faculty. Jordan Hill, previous NFL player, Super Bowl winner and currently the head football coach at Trinity Substantial School, was also instrumental in supporting KCA introduce the system to Trinity Large Faculty.

School administrators and mom and dad intrigued in bringing fiscal literacy instruction to their faculty ought to simply call KCA at (717) 774-7080 or email [email protected] for far more info.

To accessibility KCA’s library of means, together with videos, to increase your monetary literacy, check out https://www.kcawealth.com/resource-middle.

About KCA Prosperity Management
KCA Wealth Administration, Central Pennsylvania’s only 3-time award profitable staff in 2021 and 2020, is a holistic economic preparing firm with business locations in Camp Hill, Hershey, and Carlisle. The firm will work with its customers to help them acquire gain of missed possibilities and fill any gaps in their economical plan. By way of its extensive providers, KCA aids pre-retirees and retirees build, put into practice, and keep an eye on a economical program that addresses their retirement, taxes, cash flow, financial investment, insurance coverage, estate, and belief planning desires. Companions Brian Kennedy (president) and Vincent Catalano (vice president), a Trinity High University alumnus, are passionate about supporting the local group as a result of instructional classes, charitable activities, donations, and volunteering. For far more facts, pay a visit to KCAWealth.com.

About EVERFI, Inc.
EVERFI, a Blackbaud (NASDAQ: BLKB) firm, is an intercontinental technological know-how business driving social impact via education to address the most hard troubles affecting society ranging from economical wellness to mental wellbeing to office perform and other critical topics. Established in 2008, EVERFI’s Effect-as-a-Services^TM alternative and electronic instructional content have achieved additional than 45 million learners globally. In 2020, the corporation was regarded as one particular of the World’s Most Innovative Businesses by Fast Organization and was featured on Fortune Magazine’s Effect 20 List. The organization was also named to the 2021 GSV EdTech 150, a list of the most transformative growth companies in electronic discovering. Blackbaud, the world’s foremost cloud software business powering social excellent, obtained EVERFI in December of 2021. To master much more about EVERFI make sure you visit everfi.com or adhere to us on Facebook, Instagram, LinkedIn, or Twitter @EVERFI.

Securities offered by Concourse Fiscal Team Securities, Inc. (CFGS), Member FINRA/SIPC. Advisory solutions provided by way of Concourse Fiscal Team Advisors, a DBA for CFGS, a Registered Expense Advisor. KCA Wealth Administration, is unbiased of CFGS.

MEDIA Contact
AdvisorPR®
702-685-7450
[email protected]

Source KCA Wealth Management

January 13, 2022

Erdogan blames Turkey’s currency woes on ‘foreign financial tools’ as central bank reserves fall

People today executing purchasing at the neighborhood marketplace in Istanbul, Turkey on December 5th, 2021. The depreciation of the Turkish lira weakened the purchasing electric power of citizens.

Erhan Demirtas | NurPhoto via Getty Illustrations or photos

Turkish President Recep Tayyip Erdogan has pledged to bring down his country’s soaring inflation, which hit 36{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in December, as the country’s central bank gears up for one more fee-setting conference up coming week.

Speaking in Parliament on Wednesday, Erdogan mentioned he was safeguarding the country’s economic system from attacks by “international economical equipment that can disrupt the economic process,” according to a translation by Reuters.

“The inflammation inflation is not in line with the realities of our place,” the president included, vowing that a short while ago declared governing administration steps to assistance the severely weakened lira would quickly tame “unjust” value hikes.

Economists commenting on the information had been not amazed.

“Far more entire and utter garbage from Erdogan,” Timothy Ash, rising markets strategist at Bluebay Asset Management, wrote in an e-mail note soon just after the speech.

“Foreign institutional traders you should not want to spend in Turkey because of the unquestionably ridiculous monetary coverage settings imposed by Erdogan,” he wrote. “There is NO overseas plot.”

Turkey’s lira lost 44{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its worth in 2021, due in huge element to a refusal by the president — who basically controls the levers of the Turkish central bank — to increase fascination prices to rein in inflation. And Turks on their own are seeking over and above the lira as they eliminate hope in their personal forex: Turkish merchants are now starting up to show rates in U.S. bucks, and Turks are putting their income into cryptocurrencies like bitcoin and ether.

“If RTE [Recep Tayyip Erdogan] needs to help you save the lira, and perhaps his own skin, he need to undertake a USD-dependent currency board,” Steve Hanke, an economist at Johns Hopkins College, wrote on Twitter on Wednesday, saying Turkey is “spontaneously dollarizing.”

His tweet highlighted an article by Israeli daily Haaretz entitled “Even the Turkish Lira stopped believing in Erdogan.”

Dropping central lender reserves

An avowed opponent of curiosity fees, Erdogan as a substitute outlined an alternate set of actions to bolster the lira. The program fundamentally involves defending nearby depositors towards marketplace volatility by spending them the distinction if the lira’s decrease towards tough currencies surpass banks’ interest premiums.

Critics say this strategy is unsustainable, and is essentially just one large concealed curiosity rate hike. And central lender reserves are already falling: Central lender gross reserves reduced by $1.6 billion to $109.4 billion in the very first week of January, according to Goldman Sachs, “driven by the drop in foreign forex reserves which stood at US$71. billion.”

The state’s currency interventions, spending dollars to buy lira in order to stabilize it, have been high-priced.

The lira appeared to be in free fall in mid-December, dropping as minimal as 18 to the greenback right before the governing administration announced its rescue system. The intervention has managed to provide the forex again to just beneath 14 to the greenback and hold secure there for the past week, although which is a extraordinary drop from its degree of 7 to the dollar just just one calendar year in the past.

The image isn’t really solely bleak: Turkey confirmed favourable figures for industrial creation and retail sales in November, which “instructed that Turkey’s financial state held up nicely throughout the early section of the currency disaster,” wrote Jason Tuvey, senior rising markets economist at Money Economics.

“But we doubt that this strength will very last for significantly for a longer period as the extra pernicious outcomes made by extremely big falls in the lira in December filter by,” Tuvey additional.

“Although export sectors may well maintain up nicely, consumer-led ones will undergo amid a surge in inflation, which hit 36.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} y/y in December and is established to increase further.”

How extended can this past?

Analysts estimate Turkey’s shorter-time period debt to be just previously mentioned $180 billion, with a recent account deficit of about $10-$20 billion, leaving gross exterior financing requirements at all over $200 billion. With central lender gross reserves at about $109 billion and possible to maintain dropping with dollarization, spending to guidance the lira and opportunity additional international cash flight, financing for that forex reserve protection does not appear very robust.

So how lengthy can the central lender continue to keep intervening to prop up the lira? “The answer is not really very long if it continues to continue to keep up the speed of intervention found in December, which try to remember only held the lira flat above the month,” Ash wrote.

Meanwhile, Erdogan carries on to drive his possess financial theories, insisting Wednesday that the link involving curiosity prices and inflation have extended been disregarded in some other countries — a comment that some critics have famous would liken Turkey to Argentina, Venezuela or Iran in conditions of financial plan.

“I worry about the messaging now to foreign traders,” Ash wrote.

“Erdogan is telling the planet that Turkey does not need foreign cash, overseas portfolio investors are not welcome and Turks can finance their personal economic system. His financial policy mantra is currently not favored … Buyers I believe are inquiring themselves why they ought to proceed to finance negative procedures from the Erdogan administration? Will any new challenge money just vanish in ineffective and idiotic Fx intervention, and is Turkey heading to a systemic crisis?”

November 21, 2021

Brussels plans central databases to boost capital markets

Brussels is planning to create US-style central databases that hold information on publicly listed companies and trading activity as part of a push to boost integration of its capital markets.

According to draft documents seen by the Financial Times, the measures will include changes to make it easier for investors to access information on companies operating in the EU and for EU banks and fund managers to find prices of stocks and bonds throughout the single market.

The proposals, set to be formally announced next week, are intended to make the EU more attractive to international investors following the UK’s departure from the single market.

“The EU’s global competitiveness is weakened by the fragmentation of its capital markets,” the draft documents say. Reforms to build a capital markets union “will in turn help companies tap into larger pools of capital held by institutional and retail investors across the EU”, they add.

The EU corporate reporting system, known as the European single access point, would consist of common, free public information about companies and products. At present, most information is scattered across multiple jurisdictions.

The project, aiming to go live in 2024, is likely to be paid for from the EU budget and overseen by Esma, the securities regulator, the documents say.

Authorities want to reproduce some of the benefits of services widely used in the US, the world’s biggest capital market, in many of its reforms. They include the Securities and Exchange Commission’s Edgar system for reporting corporate information and marketwide tapes that record trading information on stock and bond markets.

The European Commission envisages tapes that bundle together information collected from Europe’s patchwork of more than 470 exchanges and trading venues. Europe has long sought a “consolidated tape” but private efforts to build one have failed due to competing commercial interests, as well as slow and patchy data feeds.

“The total cost [to investors] of not having an accurate view of the equities markets can be as high as €10.6bn annually,” the document says.

Regulators have acknowledged that the last attempt to create a consolidated tape, in the 2018 Mifid legislation, failed. Brussels is planning to mandate that data providers supply standardised information to the tapes. Contributors would get “fair remuneration” and a minimum revenue in return, it said.

“Policymaking has typically focused on the needs of the intermediaries and we welcome the increased focus that policymakers now also have on end investors,” said Stephen Fisher, managing director of the global public policy group at BlackRock, at a conference in London on Thursday.

The proposed changes to market infrastructure addressed what he saw as Europe’s main weakness — trading that was fragmented along national lines and that “has held back capital raising and investor participation in capital markets”.

The proposals also include a formal ban on payment for order flow, a controversial practice in which retail brokers hand their orders to market makers in return for a fee. This is widely used in the US and Germany, but effectively banned in most EU countries.

Markus Ferber, a German MEP, welcomed the commission’s decision to address the issue but questioned whether an “outright ban” was the right approach.

The commission also wants to change the caps on the amount of business that can be executed in dark pools — off-exchange venues that fund managers to buy and sell large blocks of shares without disturbing the price on the market.

In addition, there are plans to tighten the rules on “systematic internalisers” — more lightly regulated invitation-only markets run largely by banks and high-frequency traders.

Other proposals include scrapping rules that require clearing houses to clear derivatives on rival exchanges, to build clearing capacity in the bloc after Brexit. Most of the euro clearing business is based in London.

Next year the commission will propose changes to the corporate insolvency framework and make it easier for companies to raise funds on exchanges, according to the draft documents.

Additional reporting by Chris Flood

November 17, 2021

European Central Bank warns of bubbles in property and financial markets

The European Central Lender warned of stretched valuations in lots of asset markets, as the location carries on to recuperate from the coronavirus pandemic on the again of extremely-minimal curiosity costs and significant stimulus actions.

In its biannual balance report on Wednesday, the euro zone’s central lender pointed out vulnerabilities in property and money marketplaces, introducing that “hazard-getting by non-banking institutions and elevated sovereign and company personal debt are developing up.”

On residence, it said threats of selling price corrections over the medium term have improved significantly amid growing estimates of household price overvaluations.

“In individual, households with variable fee mortgages or shorter set-amount periods on their mortgages are uncovered to an unanticipated rise in desire costs, which could adversely impact their potential to service their personal debt,” the report stated.

Luis de Guindos, the vice president of the ECB, also highlighted a “placing buoyancy” for fairness and dangerous asset markets, “building them more inclined to corrections.”

“There have been examples of set up current market players exploring far more novel and more exotic investments. In parallel, euro place housing markets have expanded quickly, with minimal indicator that lending specifications are tightening in response,” he stated in the report.

Christine Lagarde (R), President of the European Central Lender (ECB), and Vicepresident Luis de Guindos (L)

Thomas Lohnes | Getty Visuals Information | Getty Pictures

Talking to CNBC on Wednesday, de Guindos reported in close proximity to-expression threats ended up evidently declining, but there ended up growing vulnerabilities for the medium time period.

He also insisted that inflation for the area should really still be found as “mainly transitory.”

“They [price rises] are likely to start out to fade out about the following months” he told CNBC’s Annette Weisbach.

“I imagine that most likely we will arrive at a peak in terms of inflation in November and later on, out projection is that inflation will begin to slow down.”

ECB purchasing slows

The central lender introduced in September it would be purchasing less bonds off the back again of surging customer rates. This started the procedure of little by little winding down its large pandemic-era stimulus offer.

Inflation in the euro zone strike 3.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in September, symbolizing a 13-12 months superior. Inflation then hit another 13-calendar year substantial in Oct, at 4.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, as the currency bloc battled surging power fees.

In September, ECB President Christine Lagarde made it obvious that the central bank’s actions were being a recalibration, but not a tapering. This is simply because the ECB is of the watch that greater inflation is non permanent and will fade in the course of 2022.

Some industry individuals consider the ECB is underestimating inflationary pressures and will for that reason most likely have to announce a level hike in advance of the start of 2023. Indeed, money markets have priced in the likelihood of a 20-foundation level hike for December 2022.

November 2, 2021

Asian Shares Mixed as Investors Await Central Bank Moves | Business News

By YURI KAGEYAMA, AP Enterprise Author

TOKYO (AP) — Asian shares were combined Tuesday amid careful investing in advance of a coverage meeting by the U.S. Federal Reserve.

Japan’s benchmark Nikkei 225 dropped .4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in morning trading to 29,539.78. Australia’s S&P/ASX 200 slipped .7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 7,323.20. South Korea’s Kospi surged 1.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 3,024.93. Hong Kong’s Hang Seng jumped 1.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 25,577.94, even though the Shanghai Composite edged up .2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 3,550.49.

With inflation in the U.S. at its greatest level in 3 many years, the U.S. Federal Reserve is set this week to commence winding down the remarkable stimulus it has supplied the financial state due to the fact the pandemic recession struck early past yr, a procedure that could verify a dangerous balancing act.

Chair Jerome Powell has signaled the Fed will announce after its policy assembly Wednesday that it will get started paring its $120 billion in month-to-month bond purchases as quickly as this thirty day period. Those people purchases are intended to keep very long-time period mortgage prices lower to really encourage borrowing and spending.

Political Cartoons

Investors were being also seeing for any action from the Reserve Bank of Australia.

“While the history highs in Wall Avenue overnight may well lift sentiments for Asia marketplaces, the approaching central banks’ decisions may place some chance sentiments on keep,” explained Yeap Jun Rong, a marketplace strategist at IG.

U.S. stocks closed with modest gains on Wall Street, extending the significant indexes’ latest report-setting operate. The S&P 500 rose .2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 4,613.67 just after paying considerably of the working day wavering between tiny gains and losses. The Dow Jones Industrial Common added .3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 35,913.64 and the Nasdaq rose .6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 15,595.92. The gains pushed the three indexes above the all-time highs they set on Friday.

Far more than 65{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of stocks in the S&P 500 rose, led by electrical power providers as the cost of U.S. crude oil rose .6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, introducing to a far more than 75{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} gain so considerably this 12 months. Exxon Mobil rose 1.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. A mix of firms that rely on direct buyer investing for goods and services accounted for a massive slice of the index’s gains. Tesla jumped 8.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and Starbucks received 3.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Losses by know-how, communication and wellbeing treatment providers stored the S&P 500′s gains in check out. Microsoft fell .7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, Google mother or father Alphabet slid 3.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and UnitedHealth Team dropped 1.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Smaller sized business shares considerably outpaced the broader industry in a indication that buyers ended up self-assured about financial advancement. The Russell 2000 rose 2.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 2,358.12, closing in just .1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} its all-time significant established March 15.

The most up-to-date gains came as traders reviewed an additional batch of company quarterly report cards in what has so much been a much better-than-anticipated earnings season, despite Wall Street’s fears over the impression supply chain disruptions and higher inflation are possessing on organizations.

“We’re starting off to see company earnings arrive in and the worry was that you’d not have pricing energy and you’d see that influence in margins,” stated Tom Hainlin, countrywide investment strategist at U.S. Lender Prosperity Administration. “But so significantly, we’re viewing companies possibly do a single or both of two items: be ready to elevate selling prices and have people pay back people price ranges or to use technologies to boost performance to offset some of those people enter costs.”

Bond yields rose, helping shares of banking companies that count on better yields to demand better interest on loans. The yield on the 10-12 months Treasury rose to 1.56{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from 1.55{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} late Friday.

Extra than 50 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the companies in the benchmark S&P 500 index have previously documented effects. Analysts anticipate in general financial gain advancement of 36{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} by the time reporting is finished. A different 167 businesses inside of the index will report their benefits this week.

Pharmaceutical large Pfizer will report its success on Tuesday and CVS Health and fitness will report final results on Wednesday.

In strength buying and selling, benchmark U.S. crude additional 19 cents to $84.24 a barrel in digital buying and selling on the New York Mercantile Exchange. It acquired 48 cents to $84.05 on Monday. Brent crude, the worldwide typical, rose 26 cents to $84.97 a barrel.

In currency buying and selling, the U.S. greenback rose to 114.08 Japanese yen from 113.98 yen. The euro price $1.1596, down from $1.1607.

AP Small business Writers Damian J. Troise and Alex Veiga contributed.

October 14, 2021

Boosting Public Financial Management Knowledge in Europe and Central Asia through PEMPAL

The Governance World Practice – Europe and Central Asia (ECA) region, in collaboration with Community Economical Management Neighborhood of Follow, invites you to a understanding celebration on Boosting Community Money Management Expertise in Europe and Central Asia by PEMPAL.

Sign-up In this article

______________

The Public Expenditure Management Peer Assisted Finding out (PEMPAL) facilitates the exchange of experienced encounter amongst public finance administration (PFM) practitioners throughout 23 nations around the world in the Europe and Central Asia (ECA) region.

Founded in 2006, the community aims to strengthen PFM practices in member international locations via sharing info on major PFM awareness and its software, and serving to member place governments use public assets much more successfully and effectively. The Earth Lender provides its guidance for PEMPAL by means of overall software administration and administration of the PEMPAL Multi-Donor Have confidence in Fund administrative and logistical expert services delivered by the Secretariat staff based mostly at the World Financial institution place of work in Moscow and articles guidance for Community of Follow (COP) actions by way of the source groups.

PEMPAL associates arrive from Ministries of Finance and national Treasuries, and its actions are organized all over three thematic COPs on budget (BCOP), treasury (TCOP), and inside audit (IACOP). PEMPAL has played a essential function to facilitate know-how sharing between member international locations which includes on subjects covering overall performance budgeting, public participation, operational designs of public sector accounting monetary administration info systems dollars management and liquidity arranging enterprise continuity of Treasury functions through and right after the COVID-19 pandemic usefulness of the interior regulate and internal audit and PFM response to COVID-19 pandemic.

WHAT WILL YOU Understand?

For the duration of this inaugural session, the speaker will present an overview of PEMPAL, how the network operates, assets and applications, effects and modern developments, together with PEMPAL’s COVID response and the exterior analysis of the program done in FY21. The discussants will replicate on how PEMPAL has had an influence on their respective country and on the adhering to:

• What tends to make PEMPAL so related to shopper international locations.

• How PEMPAL can be leveraged in other Planet Lender funded routines to support PFM Reforms in customer international locations.

Subsequent periods will aim on PEMPAL functions and awareness products of just about every PEMPAL’s Local community of Observe, which includes Price range, Internal Audit and Treasury.

This knowledge learning session is part of a series on PEMPAL to support PFM practioners leverage the PEMPAL Network to bolster PFM in the ECA area.

To find out more about PEMPAL check out: https://www.pempal.org/