Cash Management for Indian States

Source details

Target Audience: Mid to senior level officials from States of India Finance Departments with relevant experience in budgeting, treasury, cash and/or debt management.
Qualifications: Priority will be given to officials engaged with budgeting, treasury, cash or debt management functions at the state government level.

Duration: three-day workshop.
Purpose: provide participants from states of India with techniques and tools to update government cash management processes.
Emphasis:
- Cash management reform options for Indian states.
- Training on the Cash Forecasting and Analysis Tool (CFAT) of the IMF.
- Peer perspectives from states currently using CFAT.
Methods:
- Lectures, exercises, and groupwork to ensure practical experience.
- Hands-on sessions for establishing cash management oversight frameworks, improving forecasting methods, and preparing a presentation for decision makers.
- Each state government in attendance will provide a summary presentation on the `way forward' their state could adopt to improve their cash management practices.

Overall objective: enable cash managers to modernize cash management and identify ways to improve the forecasting data on government's cash position.
Intended policy and operational outcomes:
- Guide short-term financing decisions, including support the decision of an appropriate level for the cash buffer.
- Expose participants to the main pillars of modern cash management.
Specific process improvements to be prepared through exercises and discussions:
- Integrating cash management with Treasury functions;
- Enhancing the expenditure control framework with cash management;
- Improving the forecast of cash flows and cash balance position; and
- Optimizing institutional arrangements for updating cash management.