Improvement in the management of public finances in developing countries has been an increasingly important focus of World Bank and IMF assistance to member countries. A key element of such assistance is the development of effective treasury systems, which form the backbone for recording and processing all financial transactions related to government budgets. The establishment of an effective, integrated treasury system helps manage public monies with greater financial control, improved monitoring, better planning, better fiscal reporting, and better data for budget formulation, while also...