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Extending TSA coverage remains an important priority for further treasury modernization in many PEMPAL countries. Moreover, now that tax and non-tax receipts of central governments are fully covered by the TSA, further reforms may prove more challenging and necessitate a more nuanced approach tailored to each country’s specific context. 

This note was prepared at the request of the TCOP Executive Committee. It aims to inform further efforts on establishing optimal coverage of the TSA in the region by providing an update to the 2021 TSA and Cash Management Survey and summarizing additional data on the issue. The note is based on the brief survey on the TSA coverage conducted in September – November 2025 among PEMPAL member countries. Seventeen countries responded to the survey. Discussions at the recent TCOP events have also provided a useful framework for the preparation of the note.