Publication: Reserve Management Survey Report 2025: Insights into Public Asset Management, the Fifth Edition
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2025-11-11
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2025-11-11
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The World Bank Treasury’s Reserve Advisory and Management Partnership (RAMP) team conducted its fifth survey on reserve management practices in 2025. This report presents findings from 136 central banks, representing the highest response rate to date. The survey captures evolving reserve management practices amid concerns about global inflation, monetary policies, and geopolitical tensions, all leading to macroeconomic uncertainty. The data was collected in the first quarter of 2025 and provided by the participants as of December 2024.
Respondents identified key concerns, including managing geopolitical risks, navigating macroeconomic policy shifts, and balancing liquidity with returns. The report also highlights the growing importance of sustainability in reserve management, though some institutions noted challenges in aligning these goals with such traditional objectives as safety, liquidity, and return. Operational capacity, particularly in terms of talent development and modernizing IT systems, emerged as a recurring theme. This edition of the survey aims to capture how these shifting dynamics are influencing reserve management decisions and institutional priorities.
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“World Bank. 2025. Reserve Management Survey Report 2025: Insights into Public Asset Management, the Fifth Edition. © World Bank. http://hdl.handle.net/10986/43953 License: CC BY-NC 3.0 IGO.”
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