Publication: Cash Management Reform in Indonesia : Making the State Money Work Harder
Date
2014-10
ISSN
Published
2014-10
Author(s)
Indonesian Ministry of Finance
World Bank Group
Abstract
During the last decade, a body of common
practices has emerged among developing countries on the
legal, institutional and procedural foundations to support
efficient cash management. These common practices have been
reviewed and documented in guidance notes and publications
on international practices issued by multilateral
institutions like the International Monetary Fund (IMF), the
World Bank (WB), and the Organization for Economic
Co-operation and Development (OECD). Additionally, frequent
peer-to-peer exchanges of experiences between countries have
resulted in the continued evolution of
cashmanagement practices to leverage improvements
in data management, ICT and banking systems. The first part
of this chapter examines international practices with regard
to setting the objectives, as well as the legislative and
institutional arrangements for cash management. It details
the objectives and principles of cash management, its links
with policy issues, information technology needs, incentives
and sanctions to promote implementation, and the sequencing
of the reform. The second part of the chapter describes
Indonesia s experience with setting the objectives and
institutional arrangements related to cash management, and
with sequencing of the cash management reform. The
concluding part describes the remaining challenges and
suggests the way forward.
Link to Data Set
Citation
“Indonesian Ministry of Finance; World Bank Group. 2014. Cash Management Reform in Indonesia : Making the State Money Work Harder. © Jakarta. http://hdl.handle.net/10986/20665 License: CC BY 3.0 IGO.”