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Source: International Monetary Fund

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

Author/Editor:

Israel Fainboim Yaker ; Sandeep Saxena ; Michael J. Williams

Publication Date:

December 21, 2020

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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.

Series:

How-To Note No. 2020/003

Frequency:

occasional

English

Publication Date:

December 21, 2020

ISBN/ISSN:

9781513563824/2522-7912

Stock No:

HTNEA2020003

Format:

Paper

Pages:

29

MIL OSI Economics