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Strategies for Treasury Modernization in PEMPAL Member Countries

Strategies for Treasury Modernization in PEMPAL Member Countries

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Strategies for Treasury Modernization in PEMPAL Member Countries

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  1. Strategies for Treasury Modernization in PEMPAL Member Countries thematic survey results Elena Nikulina, World Bank, June 2012

  2. TCOP members were surveyed in June 2012, in preparation for the Moscow meeting • 17 countries responded. The data covers all the countries represented at the TCOP June 2012 workshop, except Armenia and Montenegro

  3. Main Findings • Treasury reform agenda is incomplete everywhere. All the countries see a need to further strengthen treasury functions. • Treasury reform priorities are formally defined in the majority of countries (12). • In most cases, these are integrated into broader strategic documents. A few countries developed strategic documents specifically for the purposes of the treasury • In 5 countries, no formal strategic documents exist, but the vision of reform priorities is present. • The functions that require further strengthening in the majority of countries relate to cash management, accounting, management of payments and treasury controls • Information systems need to be developed further everywhere. Staff training is also a major concern for an overwhelming majority of countries

  4. Existing Strategic Documents Defining Treasury Reform Priorities

  5. Treasury Functions to be Strengthened • Most of treasury functions require further strengthening across the countries • Cash management, accounting, management of payments and treasury control mechanisms are the areas in which most countries see a need for further improvement

  6. Areas that Require Further Improvement • Information systems require further improvement everywhere • Staff training is also a major concern for an overwhelming majority • NOTE: No responses were provided by Macedonia and Turkey to this question