Cooperation in the Commonwealth of Independent States

1
Cooperation in the Commonwealth of Independent
States
I
C
S
Payments and Securities Settlement Initiative
2
Cooperation in the Commonwealth of Independent
States
In September 2004, the World Bank in cooperation
with regional and international organizations
launched the Commonwealth of Independent States
Payments and Securities Settlement Initiative in
Almaty, Kazakhstan
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Cooperation in the Commonwealth of Independent
States

• The Initiative will assess payments and
  securities settlement systems in the Countries
  belonging to the Commonwealth of Independent
  States (Armenia, Azerbaijan, Belarus, Georgia,
  Kazakhstan, Kyrgyz Republic, Moldova, Russia,
  Tajikistan, Turkmenistan, Ukraine, and
  Uzbekistan) with a view to identifying strategies
  and action plans to improve their safety,
  efficiency and integrity
• Although the CIS Initiative will follow a
  similar infrastructure as other regional
  experiences, the content and interaction
  mechanisms will be adapted to the reality of the
  CIS Region

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Cooperation in the Commonwealth of Independent
States
OBJECTIVE Assessing and recommending
improvements to payments and securities
settlement systems in the CIS
Country Ownership
Integration of securities and payments
Cooperation with international organizations
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Cooperation in the Commonwealth of Independent
States
Secretariat (rotating basis)
Core Team (World Bank)
IAC Int. Organizations Central Banks from
Other Regions Securities Commission from Other
Regions
Regional Central Banks Group
COUNTRY TEAM
Local Authorities

• COUNTRY
• ASSESSMENT
• Public Report
• Statistical Tables
• Glossary
• Recommendations Report/Action Plan

Regional Securities Commissions Group
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CIS INITIATIVE ACTIVITIES
Phase 1
Meetings
Workshops
Preparatory Work
- Preparation of relevant documents - Initial
contacts with IAC members -Initial contacts
with countries in the Region
Preparatory Workshop September 2004
IAC meeting September 2004
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CIS INITIATIVE ACTIVITIES
Phase 2 (From IV Quarter 2005 IV Quarter 2007)
Country Assessments
Meetings
Workshops/ Training
Country 2 I Q 2005
Country 1 IV Q 2004
Annual Payments Workshop
Country X
Country 3 II Q 2005
Country 4 III Q 2005
Country Y
Annual IAC meeting
Country 6 I Q 2006
Country 5 IV Q 2005
Country Z
Groups
Tools
.
Country 8 III Q 2006
Country 7 II Q 2006
Securities Commission Group Meetings
Web Page
Country 10 I Q 2007
Country 9 IV Q 2006
Ad Hoc Policy Papers Core Principles
Matrix Securities Matrix WG TOR Working papers
Central Bank Group Meetings
Country 11 II Q 2007
Country 12 III Q 2007