ISCTE Business School and Kazarian Foundation Start
Public Financial Management Initiative in Lisboa, Portugal
  • Maria Antónia de Jesus to lead Portugal public financial management report project
  • Paul B. Kazarian to teach as Visiting Professor of Public Financial Management

LISBOA, 7 April 2017:  ISCTE Business School (IBS) and the Charles & Agnes Kazarian Foundation start a public financial management initiative (PFM) in Lisboa, Portugal.  The PFM initiative has three pillars.

Pillar one is to produce a report on Portuguese public financial management in the context of global benchmarks.  Maria Antónia de Jesus, Professor of Public Accounting, will lead the report team.

Pillar two is the development and teaching of a business school course on the basics of understanding government PFM, especially government financial performance and financial position (balance sheet) using internationally comparable consolidated financial statements.  In an innovative leap, the course material will be developed with input from business undergraduate and graduate students.  Paul B. Kazarian has been invited as Visiting Professor of Public Financial Management and will co-teach the course.

Pillar three is two days of political leadership classes dedicated to providing practical insights into PFM to government and political leadership.

"IBS is pleased to co-lead a public financial management initiative with the potential to have high impact and become a global benchmark," stated ISCTE Business School Dean José Esperança.

"On behalf of the Charles & Agnes Kazarian Foundation, I look forward to creating substantial value in public financial management as a Visiting Professor of Public Financial Management", stated Paul B. Kazarian, Chairman of the Kazarian Foundation and one of the world’s leading experts in improving government financial management, performance, and reporting.  Mr. Kazarian is also the Chairman and CEO of Japonica Partners.


ISCTE Business School traces its origins back to the earlier department of management sciences, created in 1972. The school is recognised for its excellence in learning and research, international and multicultural environment, and the solid connection to the business world that it offers our exceptional graduates, leadership entrepreneurship and innovation.  BS has approximately 170 teachers in six Departments: Accounting, Economics, Finance, Marketing, Operations and Management, Quantitative Methods for Management and Economics, and Human Resources and Organisational Behaviour.  More than 3,200 students are currently enrolled in the 6 Undergraduate Programmes and 12 Masters Programmes offered by the school.

The Charles & Agnes Kazarian Foundation is a private operating foundation established in 1998 by Paul B. Kazarian.  The Foundation is a philanthropic foundation whose technical expertise includes strengthening government financial transparency, accountability, and performance.  The Foundation focuses primarily on economic development and education initiatives to empower great aspirations in the whole human family. 
For further information contact:
ISCTE Business School:  Graça Brites, graca.brites[@]
Kazarian Foundation:  Christopher Magarian, cmagarian[@]