30 March 2026|TCOP Event|Videoconference

World Bank VC on Leveraging Peer-to-Peer Learning to Support Treasury Development in Europe and Central Asia

© WorldBank
© WorldBank

On March 30, 2026, the World Bank organized a video conference on Leveraging Peer-to-Peer Learning to Support Treasury Development in Europe and Central Asia. Over 45 PFM practitioners, including representatives from 9 PEMPAL countries (Albania, Armenia, Georgia, Hungary, Kazakhstan, Moldova, North Macedonia, Türkiye, and Uzbekistan) and interested World Bank staff joined the event. 

The main objectives of the event were to:

  1. Discuss the key trends in treasury institutional development and further reform priorities.
  2. Showcase some country examples of treasury transformation.
  3. Exchange ideas on how peer-to-peer learning can support treasury development in ECA and other Bank client countries.

The event was opened by Fabian Seiderer, Practice Manager, Governance, ECA West, who noted significant progress in treasury development, including extending TSA coverage, strengthening commitment controls, and digitalizing treasury operations. The main presentation was delivered by Elena Nikulina, Sr. Public Sector Management Specialist,and Mark Silins, TCOP Thematic Advisor, who shared the main insights from the recent TCOP knowledge product on the Evolution of the Role and Functions of the National Treasury Institutions in PEMPAL Countries. Abdulaziz Khaydarov, Chairman of the Treasury Service Committee under the Ministry of Economy and Finance, Uzbekistan, Davit Gamkrelidze, Head of State Treasury of Georgia, and Yusuf Yavuz, Head of Department, Ministry of Treasury and Finance, Ministry of Treasury and Finance, Türkiye, shared the experience of their countries in treasury evolution and the role of PEMPAL TCOP in supporting treasury reforms. 

Srinivas Gurazada, Head, PEFA Secretariat, the World Bank, noted the significant progress in PFM reforms achieved by ECA countries, as documented in the recent 2025 PEFA PFM Data Tracker, and pointed to the need for continuous improvements and performance measurement. The meeting was closed by Adrian Fozzard, Practice Manager, Governance, ECA East, who noted that the findings from the treasury evolution are important for successful implementation of the new PEMPAL Strategy for 2026-2030 and highlighted the need for more cross-COP cooperation within PEMPAL, as exemplified by the recent Joint BCOP and TCOP event on green budget reporting.