Governments in developing countries need to reform the public sector to overcome banking and cash management inefficiencies and adopt international best practices. Inefficient cash management presents to governments a significant opportunity cost, often overlooked as it is not appropriated or expensed. Government cash and treasury management in most developing countries uses manual processes with check- and cash-based payments, multiple bank accounts, large cash floats, and idle balances earning little or no interest; and focuses on budget expenditure control rather than efficient banking and cash management.[…]