Posted by Mario Pessoa
During February 16-17, 2017 the Latin American Treasury Forum (FOTEGAL) together with the International Monetary Fund (IMF), the Inter-American Development Bank (IDB), the World Bank, and the Swiss Economic Cooperation (SECO) organized a high level workshop in Washington to discuss active cash investment and electronic payment systems.
The FAD Deputy Director, Chris Towe, emphasized in his opening remarks that investing excessive cash can potentially generate positive financial returns to the treasuries, but the challenge is to minimize risks and avoid a negative impact on the payment of government obligations. On the use of electronic payment systems, he pointed out that developments have been impressive. The challenge is how to incorporate these facilities in treasury’s operations and provide better services to the public.