Sovereign Cash Management

Introduction
Government cash management is becoming a focus of a number of governments worldwide.  We are finding that an increasing number of countries are looking at their whole-of-government cash management regime with a need to integrate more closely with the domestic debt issuance program.  Many of the governments seeking assistance require an explanation of international practices.  Unfortunately, there is a limited amount of information available publically on government cash management regimes.

Our research has shown there is good information on the government websites in Australia, Canada and the USA.  We are looking for other websites or other sources that may outline government cash management regimes and potential new developments.  As this is a very important function for government, we plan to build up a database of international practices with the goal of turning this into a publication at some point.

International Cash Management Practices
We published an Introduction to Government Cash Management Practices including a summary from Australia, Canada, New Zealand, United Kingdom and the USA in 2001.  The article covers:

• Introduction to government cash management
• Effective cash management
• International cash management practices
• How to improve cash management
• Integration of debt and cash management
• Examples of international practices

This paper is available in PDF format. To download click       

A more recent article published in 'The Governance Brief' in 2003 by the ADB in relation to government cash and treasury management reform is outlined below. The article covers:

• Introduction to government cash management and treasury management
• Decision making on borrowing and investment
• International cash management practices
• Applicability of reforms to developing countries

This paper is available in PDF format. To download click       

Government Cash Management Good - and Bad - Practice
More information regarding government cash management practices can be found in the publication below.  The technical note was written by consultant Mike Williams and covers:

• Definitions and objectives of government cash management
• Cash management and policy issues
• International cash management practices
• Developmental issues

This paper is available in PDF format. To download click       

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