Following up on recommendations from the Feasibility study of on the harmonization of treasury services, the Treasury Services Working Group has embarked upon a project to consolidate banking services in the UN system.  The project aims at negotiating joing contracts with major banks to capaitalize on the combined strenght of the UN system.  In addition to global contracts, the project will also focus on large volume duty stations with the eventual aim of global coverage.

UN Treasury Harmonization Project - Action Plan

The objective of this effort is to adopt a coordinated approach to both the procurement and administration of banking services and relations for all of the Participating UN Agencies, both on a regional and country-by-country basis.  We recognize that the UN System’s entities have varying needs and requirements depending upon the type of operations and countries involved.  We can broadly categorize the banking requirements into the following categories.