1. Relations between MoF/Treasury and the Central Bank
Group 2
Relations between MoF/Treasury and the Central Bank
Countries: Аzerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia
Moscow, April 5, 2017

2. MoF/CB coordination mechanisms
re. policy implementation and operational approaches
Coordination mechanisms
Azerbaijan
Belarus
Kazakhstan
Kyrgyzstan
Russia
Joint MoF/CB committees (councils, groups etc.) +
Agreements between MoF and CB on information exchange etc.
Settlements support agreements
A “road map” describing cooperation
Legislative and regulatory framework

3. 2. Challenges and Suggested Solutions
1.Challenge: Development and implementation of new CM tools
Solution: Joint meetings with presentations of mutual benefits from CM tools
2. C: Dominating position of CB in some areas of cooperation
S: Escalating up (government, parliament, president). Joint exposure to international experience.
3. C: MoF and CB pursue different goals and objectives
S: Concerted action by MoF and CB. Setting up supervisory bodies (Russia’s experience). Engage civil society. Lean on advice from IFIs.
4. C: Risk management (placing funds with credit institutions, using IT etc.)
S: Establishing SLA with CB assistance. Collaboration with CB in capacity development/training.

4. Suggestions to Improve Cash Management
Implementation of KPIs and effectiveness indicators
Financial and non-financial incentives for the Treasury staff
Separating project vs. process management in the course of implementing new cash management tools (Russia’s experience)
DEVELOP AN SLA DRAFT/TEMPLATE – a PEMPAL knowledge product