Four-Year Journey of the TCOP Cash Management Thematic Group this is the full set of flags, not all the countries are in the WG Vienna, Austria November 7-9, 2018

TCOP Action Plans Are developed in accordance with : PEMPAL Strategy for 2017-2022 Results of TCOP member surveys, including 2018 Tirana one Are meant to provide for achievement of PEMPAL TCOP strategic goals: Promotion of PFM reforms of high priority for TCOP members, with the focus on reforms of national treasuries Provision of TCOP members with high quality resources and knowledge services Establishment of highly professional community of treasury specialists in TCOP countries Gaining support for TCOP activities and for activities of PEMPAL as a whole from top management of treasuries from member countries.

TCOP works in 4 key thematic areas Function Evolution of treasury role and functions IT Use of information technologies in treasury operations Cash Cash management A/R Accounting and reporting in the public sector

Background of the Cash Management Group February 9, 2014 (TCOP ExCom, Tbilisi, Georgia) – Georgia and Moldova propose to establish new working group April 24, 2014 - TCOP ExCom meeting makes the decision May 15, 2014 – first VC of the group - Georgia and Moldova highlighted priority needs and activities to inform working group action plan 13 countries: Albania, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Macedonia, Moldova, Russian Federation, Tajikistan, Turkey, Croatia and Montenegro

Participants of This Event 39 % of this event participants (13 members) are taking part in the work of this thematic group for the first time for 18 % (6 members) this 2nd or 3rd event 27 % (9 members) are participating in the work of the thematic group for the 4th or 5th time only 15 % (5 members) attended 6 or more events of the group

Overview of 2014-2018 Activities Vienna 2018 (current) – Cash Flow Forecasting Chisinau 2017 – Cash & Debt Management: Interaction and Coordination Moscow 2017 – Targeting TSA; Interaction with Central Bank Ankara 2016 – Selected Issues in Liquidity Management Four thematic workshops October 19, 2016 – financial instruments for cash mgmt October 29, 2015 – extending TSA coverage April 9, 2015 – Cash Management in Azerbaijan December 16, 2014 – Cash Management in Russia September 11, 2014 – Cash Management in Turkey May 15, 2014 – discussion on the actions plan Six thematic video-conferences Chisinau 2016 plenary – case of Moldova discussed Tirana 2015 plenary – Selected Issues in Liquidity Management and Treasury Controls Discussions during plenary meetings

Two Knowledge Products

to reconsider date of establishment and to add knowledge product

Have We Covered it All? Georgia Sweden Russia Hungary Albania Moldova TSA Operation Targeting TSA Cash Balance Tools for Cash Mgmt Coordi-nation with Debt Mgmt Coordi-nation with Central Bank Service Level Agree-ment PEFA / DeMPA Georgia Cash flow forecasting Sweden Russia Hungary Moldova Turkey Azerbaijan

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Our Champions Name Country TOTAL VCs F2F Mimoza Pilkati Albania 9 4 5 Zaifun Yernazarova Kazakhstan 8 Aigul Baiguzhina 7 2 Ilyas Tufan Turkey Jadranka Groksa Kardum Croatia Maxim Ciobanu Moldova 3 Angela Voronin 6 Natalia Apostol Oxana Pavlyukova Russian Federation Dimitry Gritskevich Belarus 1 Ludmila Gurianova Ludmila Litvinenko Ukraine Naila Salayeva Azerbaijan Natia Khorguashvili Georgia Nukesh Kozhobergenov Kyrgyz Republic Sergey Turdaliev Stanislav Prokofiev Azer Farajov Dan Berladean Danka Mihaljevic Ekaterina Semenova Erekle Gvaladze Irina Kozlova Vugar Abdullayev