Treasury Management for Governments

Prospective Work

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Peoples' Republic of China

Assist in background research for development of a cash balance forecast.

Bangladesh

Assist the debt management office to improve its forecast of cash balances.

Bhutan

​Assist the treasury in improving its TSA and managing it..

Algeria

Creating the treasury's daily cash forecast. 

Recent Work

Experience

Stephen M Vajs has more than 30 years of experience in government financial management.

1982 - 84: Planning Department, US Postal Service

1985 - 87: Planning Office, FMS, US Treasury.

1987 - 93: Cash Management Division, FMS, US Treasury.

1993 - 96: Manager, Cash Management Improvement Act team, and

                 Leader of Bank Compensation team, FMS, US Treasury.

1996 - 97: Treasury representative to US Government Smart Card Technology Task Force

1997: Acting Director, Financial Products Division, FMS US Treasury

1998 - 2003: Director, Risk Management Division, FMS, US Treasury

2003 - 07: Assistant Director (Forecasting), Fiscal Projections Office, US Treasury

2008 - 10: Acting Director, Office of Debt Management, US Treasury

2011 - 12: Global Adviser, Office of Technical Assistance, US Treasury

2012 - Pres.: Consultant to

 - World Bank (missions to Bosnia, Lesotho, Samoa, and Zambia; workshop in Peru);

 - Office of Technical Assistance, US Treasury (missions to Algeria, Angola, Dominican Republic, El Salvador, Gabon, India, Kenya, Kosovo, Mongolia, Romania, Senegal, Ukraine, and Zambia);

 - International Monetary Fund (missions to the Bangladesh, Belize, Bhutan, Costa Rica, Jamaica, Malaysia, Myanmar, and the Philippines);

 - Peoples' Republic of China, and

 - Bank for International Settlements.

Mr. Vajs holds an MA in economics and an MS in statistics, both from the University of Minnesota.