Multinational development banks have a broad membership base, spanning developed and developing countries, borrowers and lenders. As custodians of government reputations and proponents of development, it is of key importance to maintain risk-oriented, transparent and efficient liquidity and cash management practices.
Typically these institutions need to fund projects in various countries, often in multiple currencies, which in turn leads to a requirement for centralised accounts and consolidated banking relationships. Long-term planning is essential in order to ensure that cash is utilised efficiently, and this can only be achieved if the Bank has sufficient insight into local as well as aggregated balances. Administrative costs must typically be kept at a minimum and meet their internal compliance policies.
Common services required:
- Corporate card solutions allow convenient and efficient access to expense management
- Digital platforms give high level of visibility and enhance audit trails to meet regulatory requirement
- Liquidity management enable cash to be mobilised globally by treasurers