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Government Cash and Treasury Management Reform

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.[…]