TCOP: Results Achieved 2012-17 & Future PFM Priorities 2017-22

1. Treasury Community of Practice (TCOP) Results Achieved 2012-17 Future PFM Priorities and Plans 2017-22 Cross-COP ExCom Meeting, Berne Switzerland, July 2016

2. PEMPAL offers to the treasury specialists from 21 TCOP member countries an efficient platform for: • Learning from and with each other; • Interacting regularly in the process of reforming the national treasury systems; • Sharing common professional challenges, related to TCOP members’ priority topics: - Public Sector Accounting and Reporting; - Treasury Control, evolution of the Treasury role and functions; • Use of Informational Technologies in treasury operations; • Cash management.

3. TCOP main objectives • Promotion of PFM reforms that are priorities for TCOP members, with the focus on national treasuries reforms • Provision of high quality resources and knowledge services to TCOP members • Forming a highly professional community of treasury specialists in TCOP countries • Gaining support for TCOP activities and for activities of PEMPAL as a whole from top management of treasuries from member countries.

4. Vugar Abdullayev, TCOP Chair, Deputy Head , State Treasury, Azerbaijan Nino Tchelishvili , TCOP Deputy Chair, Deputy Head, State Treasury, Georgia Zaifun Yernazarova, TCOP Deputy Chair, Head of Department, MoF, Kazakhstan TCOP Executive Committee Marija Popovic, Head of Department, MoF, Montenegro Mimoza Pilkati, Head of Department , State Treasury, Albania Alexandr Demidov, Deputy Head, State Treasury, Russian Federation Ismatullo Khakimov, First Deputy Head, State Treasury, Tajikistan Ludmila Gurianova, Deputy Head, State Treasury, Belarus Angela Voronin, Deputy Head, State Treasury, Moldova

5. Evaluation of Action Plan Implementation – performance indicators...

6. TCOP activities in figures • Number of participants in TCOP events - over 1000 TCOP members • 4 thematic Surveys conducted among TCOP countries • 30 senior officials from Ministries of Finance and national Treasuries took part in TCOP events • 65 members (about 10% of all participants) attended TCOP face-to-face events as self-payers (on their countries’ expense) • About 160 presentations made at TCOP events by representatives of member countries • About 230 documents uploaded to PEMPAL virtual library

7. ”As one of the participants to the first TCOP event held in 2006, and several others recently conducted, I am impressed by the PEMPAL significant progress in creating and offering knowledge products and opportunities for sharing experience among the members. I am glad to remark the increasing role of the TCOP members themselves in preparing the content of the events. The PEMPAL member-countries act both as PFM knowledge donors and beneficiaries, which contributes to the efficiency of the network and peer to peer learning” Mr. Roman Artyukhin, the Head of Treasury of the Russian Federation attended 4 TCOP events:

8. Outcome of discussions - decisions based on best practice

9. Examples of Outcomes

10. Examples of Outcomes Successful practices in implementation of treasury information systems identified and demonstrated (the agenda of events held in Georgia, Russia, Azerbaijan, Belarus and Moldova included on-line demonstration of treasury IT systems).

11. Examples of Outcomes • Four thematic surveys conducted, assessing the status of reforms on several PFM areas, including public assets accounting, financial reporting consolidation, TSA arrangements, etc TSA coverage in ECA PEMPAL countries Data from PEMPAL TCOP survey implemented in March 2016, countries covered: Albania, Azerbaijan, Belarus, Croatia, Kazakhstan, Kyrgyzstan, Moldova, Russian Federation, Tajikistan, Turkey and Ukraine

12. TCOP Thematic Groups

13. Results achieved by the Thematic Group on Integration of Budget Classification and Chart of Accounts

14. Knowledge Products developed by TCOP • Summary documenton successful BC and CoA integration with examples from TCOP countries • Final report on the work of the TCOP thematic group on Asset Management • Draft of the Practical Guidance on Consolidation of Financial Statements • Report on the resultsof the Survey on budget execution and cash management issues • Report on the results of the Survey on Treasury Single Account functioning in PEMPAL member countries • Detailed Reports on all events, which among other things contain main results of discussions

15. TCOP members’ thematic priorities identified through regular Surveys Topics for discussions for the future period, confirmed during the last survey (June 2016): • Public sector Accounting and Reporting; • Evolution of the Treasury role and functions; • Use of IT in treasury operations; • Cash management • Treasury control and risk management Event formats: • Plenary meetings; • Small thematic workshops; • Study visits; • Thematic videoconferences

16. Ideas for Cross-COP Collaborations • Accrual budgeting • Integration of Budget Classification and Chart of Accounts • Monitoring and и ex-antecontrol of treasury operations • Impact of program budgeting implementation on treasury operations • Risk management in budget execution • Decentralization and delegation of the MoF and Treasury powers to the line ministries

17. PEMPAL unites treasury specialists and various cultures…

18. Thank you for your attention!