1. HASMIK STEPANYAN
April

2. CASH FLOW MANAGEMENT AND FORECASTING
REPUBLIC OF ARMENIA
Legal Framework
Coordination Mechanisms Between Central Bank and Ministry of Finance
Current Activity
Rights and Responsibilities
Existing Problems and Future Plans

3. LEGAL FRAMEWORK Budgetary System Law Treasury System Law
Central Bank Law
Agreements Between Central Bank and Ministry of Finance
The Account Service
Principles of Cooperation
Coordination of State Bond Issues

4. COORDINATION MECHANISMS BETWEEN CENTRAL BANK AND MINICTRY OF FINANCE
Financial committee Meeting in Central Bank (daily)
Monetary Policy Meeting in Central Bank (weekly)
Central Bank Board Meeting (according to the schedule)
Budget Committee Meeting at the Ministry of Finance (weekly)
Meetings with T-bone's Agents (once a month)
Other Meetings

5. CURRENT ACTIVITY TSA Cash Flow Forecasting State Budget Forecasting
Other Subaccount Forecasting
Weekly Updating
TSA Cash Flow Management
Issue of T-bills (for Central Bank and for Cash Flow Need)
T-bonds Buyback Operations
Invest Money as a Deposit in Central Bank

6. RIGHTS AND RESPONSIBILITIES
Central Bank
As a Financial Agent (free servicing)
Interest Payment for Deposits
Provides Information Flows
Ministry of Finance
Provide Information Flows
Provide Updated Information
Ensure Payment of the Amount on Time

7. EXISTING PROBLEMS AND FUTURE PLANS
Cash Flow Forecasting Approval
Cooperation with the State Revenue Committee
TSA subaccounts forecasting
Daily Forecasting
Cash Flow Management Approval
Expand instruments
Repo and Reverse Repo Operations
Overdraft
Deposit Auctions

8. Thank You Hasmik Stepanyan Public Debt Management Department
Ministry of Finance
Republic of Armenia