Philippines: Strengthening Treasury’s Liquidity Management

Sovereign Project | 47113-001 Status: Closed


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Project Name Strengthening Treasury’s Liquidity Management
Project Number 47113-001
Country Philippines
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8495-PHI: Strengthening Treasury's Liquidity Management
Technical Assistance Special Fund US$ 210,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Finance - Money and capital markets

Gender Equity and Mainstreaming
Project Rationale and Linkage to Country/Regional Strategy

Project Outcome

Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation

Business Opportunities

Consulting Services

1. Output 1: Capacity of the BTr is enhanced.

1. National Investment and Debt Management Specialist

A. Objective of Assignment:

1. The objective of this technical assistance is to improve the Bureau of the Treasury's (BTr) organizational structure and the technical capacity of staff across the various operational units (e.g. human resources, dealing, processing, asset and risk management). The duration of this consultancy will be a total of 176 working days (eight months) on a continuous basis starting in September 2013 and finishing by August 2014.

B. Scope of Work:

2. The expert will work with the BTr's international expert (resident adviser) and will assist BTr in implementing the Treasury Single Account (TSA). As part of this effort, the expert will develop an updated organizational structure for the BTr with a clear delineation of responsibility and authority, and assist with its implementation. In addition, the expert will support the development of an enhanced human resources framework including revised job qualification standards, recommendations for increased salaries, and a recruitment and training strategy. The expert will also develop a structured training program for entry level staff to ensure the revised framework can be implemented. The expert will provide more advanced training to strengthen BTr's investment and risk management functions and will develop an Investment Management Framework.

C. Detailed Tasks:

(i) Develop a revised organization structure for the BTr with clearly delineated responsibilities, including job descriptions and qualification standards, along with hierarchical approval authorities, operating standards, policies and procedures and reporting methodologies.

(ii) Develop and deliver a basic capacity building program or training modules to support entry level staff and ensure that the revised organization structure can be implemented.

(iii) Develop an initial funds management strategy.

(iv) Develop an initial set of risk measures keyed to the initial funds management strategy.

(v) Develop and deliver an advanced capacity building program targeted at BTr's asset and risk management functions.

(vi) Provide ongoing policy advice to BTr to support the reorganization and launch of the BTr as well as ad hoc capacity development.

D. Minimum Qualifications:

3. The expert should have a minimum of 15 years' experience in treasury operations of a global bank, asset management firm or, alternatively, in a sovereign treasury department as an asset manager. The expert should also have management and/or supervisory responsibility sufficient to provide advice regarding the optimal organizational structure of the Btr as well as current knowledge of global investment conditions and trends.

E. Output/Report Requirements:

4. The consultancy will require a total of 176 working days to commence in August 2013. The assignment will be continuous. An office space in the BTr will be provided to the consultant. The consultant will report to the National Treasurer and other relevant officials as well as the ADB project officer.

F. Deliverables:

5. The consultant will deliver the following to the Treasurer, with a copy provided to the ADB project officer; revised organizational structure, draft human resources strategy, operating policies and procedures, TNA, asset management strategy and risk management framework as well as the outline of proposed capacity building programs. In addition, the consultant will prepare quarterly reports summarizing policy advice provided to BTr and the content of any training programs completed.

2. Output 2: Impediments to improved liquidity management identified.

1. International expert Market Makers

A. Objective of Assignment:

6. The Bureau of the Treasury (BTr) has initiated a program to develop a Treasury Single Account (TSA) and to improve its cash management. In conjunction with this project, BTr wil

Responsible Staff

Responsible ADB Officer Stephen Schuster
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines


Concept Clearance -
Fact Finding 06 May 2013 to 17 May 2013
Approval 10 Oct 2013
Last Review Mission -
Last PDS Update 13 Nov 2013

TA 8495-PHI

Approval Signing Date Effectivity Date Closing
Original Revised Actual
10 Oct 2013 - 10 Oct 2013 01 Dec 2014 31 Dec 2014 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
210,000.00 0.00 0.00 0.00 0.00 0.00 210,000.00 10 Oct 2013 193,209.13

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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