Cooperation in the Commonwealth of Independent States. I. C. S. Payments and Securities Settlement Initiative. Cooperation in the Commonwealth of Independent States.
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Cooperation in the Commonwealth of Independent States I C S Payments and Securities Settlement Initiative
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
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
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
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 RegionalSecurities Commissions Group
CIS INITIATIVE ACTIVITIES Phase 1 Workshops Meetings 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
CIS INITIATIVE ACTIVITIES Phase 2 (From IV Quarter 2005 – IV Quarter 2007) Country Assessments Meetings Workshops/ Training Country 1 IV Q 2004 Country 2 I Q 2005 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 9 IV Q 2006 Country 10 I Q 2007 Ad Hoc Policy Papers Core PrinciplesMatrix Securities Matrix WG TOR Working papers …… Central Bank Group Meetings Country 11 II Q 2007 Country 12 III Q 2007