Reserve management initiative: World Bank Group Treasury’s uninvested cash view dashboard
The multilateral body has harnessed customer data to provide central banks with insights about potential lost earnings linked to parked cash and overdrafts
The World Bank Group (WBG) manages around $300 billion for 80 different central banks, pension funds and other institutions, Akinchan Jain, the head of asset liability operations, tells Central Banking. While most of this money is invested in assets, a small portion of these funds can stay uninvested in custody accounts at the end of the day. Depending on the offerings from the custodians, and what has been negotiated by each client, these portfolios earn varying overnight credit rates. Some
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