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International Monetary Fund

This note 1 addresses the following main issues: What good practice in government cash management means; and how it interacts with other policies. Why close coordination or integration between debt and cash management is important. How in practice cash managers can develop more active policies; the potential benefits of that to financial market development; and its implications for monetary policy. What this means for institutional structures: for debt and cash managers, and for their interaction with the central bank. This note offers