Publications

This success story demonstrates how the knowledge on the benefits of cash consolidation and modern approaches to cash management gained from the PEMPAL Treasury Community of Practice events and knowledge products helped member countries to broaden the coverage of the treasury single account (TSA) and move to more active cash management practices. Since 2016, eleven PEMPAL countries have expanded the scope or upgraded the TSA, and in several countries further reforms in this area are on-going or planned. The experiences of Türkiye, Georgia, and Uzbekistan demonstrate quantifiable results of these reforms, including reductions in transaction costs and additional revenues from temporary investment of idle balances.