The Importance of an Investment Program

Governments need a robust investment program to manage risk and provide proper structure for carrying out investment activities. The core of an investment program is an organization's investment policy, which addresses investment strategies, permissible investment products, risk profile, and reporting requirements. This session, focused on GFOA's best practice statement, will highlight ways governments can develop or enhance their investment program, including utilizing the due diligence of external parties, understanding the risks of various financial products, and analyzing their investment profile to address multiple factors, all rooted in the core principles of public investing–the safety of public funds and managing liquidity needs.