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TSA and C ash management function in Albania

Explore the cash management framework in Albania's Treasury Department, comparing decentralized and centralized approaches. Discuss integration of debt and cash management functions, liquidity management, and cash forecasting methods.

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TSA and C ash management function in Albania

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  1. TSA and Cash management function in Albania Issues/questions Anila Çili Treasury Director Email:acili@minfin.gov.al mfskp@yahoo.com

  2. Objectives of the cash management • To ensure that the treasury has the liquidity to pay its obligation as the fall due • To ensure the availability of funds at the right time in the right place and at an acceptable cost • To reduce borrowing requirements and interest cost

  3. Cash management framework Two arche types: decentralized and centralized • Decentral: cash in advance, local bank relations • Central: request for payment to MoF, single treasury account, central bank relations For discussion: How do they perform and what are pro’s and con’s?

  4. Ministry of Foreign Affairs Ministry of Foreign Affairs Ministry of Foreign Affairs Line Ministries Centralized model ministries Min of Finance Cash forecast/budget allocations Treasury Department Treasury system request forpayment moneytransfer information payment orders funds Capitalmarket Moneymarket Central Bank

  5. Ministry of Foreign Affairs Ministry of Foreign Affairs Ministry of Foreign Affairs Line Ministries Decentralized model Ministry of Finance Budget Department budget Treasury cash in advance payment orders deposits Money transfer information funds Capital market Com. Banks

  6. Activities of treasury function • Debt management: • funding policy and risk management • front office: money and capital market deals • back office: accounting • Cash management: • providing an infrastructure for payments • cash regulation • cash forecasting For discussion: Integration of Debt and Cash management functions?

  7. Other Issues • The cash forecasting (monthly) is prepared from LM in spending unit level and send to Treasury. Important number of budget institutions or cash pools (more than 2000). How can be decreased this number and simplify the cash management process? • How can be managed the liquidities of central and local government under TSA under the new requirements of local borrowing law. Is necessary having special accounts for each local government institutions?

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