Treasury Single Account : Concept, Design and Implementation Issues

Author/Editor:

Israel Fainboim Yaker ; Sailendra Pattanayak

Publication Date:

June 1, 2010

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

A treasury single account (TSA) is an essential tool for consolidating and managing governments’ cash resources, thus minimizing borrowing costs. In countries with fragmented government banking arrangements, the establishment of a TSA should receive priority in the public financial management reform agenda. Drawing on the lessons of the Fund’s work in several countries in establishing a TSA, this paper explains its concept, essential features, and potential benefits. It also presents alternative models and approaches for designing a TSA that take into account specific country contexts as well as the preconditions and desirable sequencing for its successful implementation. Finally, the paper includes country examples from different regions in support of the analysis and recommendations.

Series:

Working Paper No. 10/143

Subject:

Cash management Liquidity management Public financial management Treasury management

English

Publication Date:

June 1, 2010

ISBN/ISSN:

9781455201266/1018-5941

Stock No:

WPIEA2010143

Format:

Paper

Pages:

45

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