How to Develop A Framework for the Investment of Temporary Government Cash Surpluses /

Well-developed cash management aims to improve government operational efficiency and facilitates better service delivery by ensuring liquidity to meet payment obligations as they fall due. Liquidity, however, comes at a cost. Governments can reduce the cost of maintaining liquidity by proactively ma...

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Bibliographic Details
Main Author: Fainboim Yaker, Israel
Other Authors: Saxena, Sandeep, Williams, Mike
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2020.
Series:IMF How To Notes; How-To Note ; No. 2020/003
Online Access:Full text available on IMF
Description
Summary:Well-developed cash management aims to improve government operational efficiency and facilitates better service delivery by ensuring liquidity to meet payment obligations as they fall due. Liquidity, however, comes at a cost. Governments can reduce the cost of maintaining liquidity by proactively managing their cash balance at an appropriate level and prudently investing any excess liquidity. This note discusses the policy framework and processes that governments should put in place to identify, guide, and govern the investment of their surplus cash resources.
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Physical Description:1 online resource (25 pages)
Format:Mode of access: Internet
ISSN:2522-7912
Access:Electronic access restricted to authorized BRAC University faculty, staff and students