The World Bank Treasury has a team of experienced central bankers and investment professionals who lead client engagements and are accountable for the success of the collaboration. The engagement manager is responsible for collaborating with the client on the project plan and putting together the resources to provide conceptual, technical and systems support. A dedicated team of practitioners from across Treasury’s investment management business provides expert know-how and training in each of the functional areas from portfolio management to accounting. Treasury has contracted with professional finance institutes to provide general education in finance, portfolio management and specific asset classes.
The first step in joining RAMP is to organize an onsite peer review, which is a standalone service offered on a one-time, no-cost basis for any member country institution. The peer review is a confidential review of the organization’s management objectives with recommendations for strengthening the governance structure, investment management platform, and resources. Following such a review, an institution may request to join RAMP, but there is no obligation to do so.
Treasury has been providing needs assessments or "peer reviews" for member countries for over 20 years. This exercise is useful for strategic planning and creating a framework of objectives that can help guide the services to be received from RAMP.
The World Bank is a shareholder cooperative and any official institution of a member government can request to join RAMP. As Treasury seeks to balance its client advisory services with its fiduciary responsibilities as asset manager for multiple clients, we are sometimes forced to limit the number of new countries that the program can accept at a given time.
Clients span central banks, sovereign wealth funds, national pension funds and supranational organizations. As of June 30, 2014, Treasury was working with 53 clients of which 80% were central banks. RAMP has current engagements in most regions as can be seen in the chart below.