The World Bank Treasury manages the World Bank's finances to enable all operations and lending, acts as a trusted advisor to our member countries to support financial stability and resilience, and leads financial innovation to implement the Maximizing Finance for Development agenda. Treasury has three departments and one risk and controls team.
The Asset Management & Advisory Department provides capacity-building services to public sector asset managers, including central banks, international financial institutions, public pension funds, and sovereign wealth funds. TRE is the liquidity and asset manager for external clients with $35 billion AUM. TRE also supports nearly 30 technical workshops and thought leadership conferences each year, in addition to publishing original, leading publications on asset management.
The Capital Markets & Investments Department is responsible for issuing World Bank bonds in the international capital markets to finance projects World Bank member countries. Treasury borrows over $60 billion annually and issued in over 70 currencies, and oversees asset and liability management for IBRD and IDA, with over $150 billion AUM. Treasury also works with clients on risk management transactions, and contributes to the World Bank development through innovative financing, risk management solutions, green bonds, and disaster risk management tools like catastrophe bonds.
The Treasury Operations Department acts as the bank for the World Bank Group by supporting business units with payments, receipts, foreign exchange and cash management needs. TRE is responsible for establishing and managing all bank account relationships, routing details and settlement instructions and is also responsible for the reconciliation, investigations and cash accounting for the World Bank’s cash flows—totaling over $7 trillion each year.
Treasury Risk, Compliance and Controls (TRERC) team's mission is to enable and improve operational effectiveness across all Treasury business lines. TRERC work program is focused on mitigating Operational Risk, ensuring a robust control framework for TRE processes as part of the Internal Controls over Financial Reporting (ICFR) Program and asset management activities for external clients under the Service Organization Controls (SOC 1) Reporting; managing Treasury Business Continuity Program and Access Control framework for Treasury IT applications; supporting Treasury IT Investment Program, as well as maintaining the inventory of Treasury business processes and promoting best practices in Data Governance.
