The World Bank Treasury - Public Debt Management Advisory Group - organized its first workshop on “Cash Flow Forecasting and Cash Management”, hosted by the Ministry of Finance of FYR Macedonia from September 17th to 21st, 2018 in Skopje, FYR Macedonia. This workshop is developed and delivered under the Government Debt and Risk Management (GDRM) Program supported by the State Secretariat for Economic Affairs (SECO) of Switzerland.
The five-day workshop focused on cash flow forecasting and cash management by central governments, covering forecasting of revenue and expenditure, stress testing of projections, coordination between cash and debt management as well as the options to invest excess cash in the market.
The workshop aimed to increase the participants’ expertise about the importance of accurate cash flow forecasting and sound cash management practices to ensure that governments meet their financial commitments on time and in a cost-efficient manner.
The intensive workshop, brought together 16 officials from ministries of finance from seven countries. It consisted in short and practical presentations followed by hands on exercises using an excel-based toolkit specifically designed by the debt and risk management experts at the World Bank Treasury.
Providing advisory and training services for government cash management is one of the areas of expertise of the World Bank Treasury Public Debt Management Advisory group. Through one-to-one missions, knowledge products, workshops, webinars, seminars and forums, and peer group dialogues, the advisory team is dedicated to building human capital among debt and risk management officers across the world.