In 2008 the HLCM Finance and Budget network endorsed a Feasibility Study as a first step towards greater harmonization in treasury services across the UN system.

It is expected that common treasury services can be an opportunity for savings in the areas of banking services, payments, foreign exchange and investments. The feasibility study was funded by the HBP. The project consisted of two components, the first component focusing on the development of a web-based knowledge-sharing platform for UN treasurers (Treasury Community of Practice – TCOP) and the second component a Feasibility Study on common treasury services was carried out by a consulting firm.

Donor Report

The Finance and Budget Network's working group on treasury services carried out a feasibility study with KPMG on the harmonization of the treasury services. The project was completed in April 2012 and the last donor report summarizes activities and outputs until the end of 2011.