Safeguards Assessment of Central Banks

SAC

TARGET GROUP | Central bank officials serving on governance and oversight bodies, and/or senior central bank staff responsible for accounting, financial reporting, auditing, risk management, internal control, legal, or reserve management operations.

QUALIFICATIONS | Participants are expected to have a university or postgraduate degree in accounting, business, economics, finance, or law, or have earned professional certifications in auditing (chartered or certified public accountants, internal auditors, information systems auditors) or finance (certified financial analysts).

COURSE DESCRIPTION | This course, presented by the Finance and Legal Departments, is designed to give central bank officials interactive exposure to the IMF safeguards assessment methodology. It has a special focus on central bank governance and highlights the importance of independent oversight, transparency, and accountability for improving financial safeguards. It also provides a forum for central bank staff to exchange views on their experiences in reinforcing safeguards and governance frameworks and dealing with emerging issues. The course incorporates interactive lectures, discussions, and case studies addressing crucial assessment areas, especially external and internal audit mechanisms, financial reporting, the system of internal controls, management of international reserves, and reporting of monetary data to the IMF. The course also reviews the concepts underlying autonomy and good governance in central bank legislation.

COURSE OBJECTIVES | Upon completion of this course, participants should be able to:

• Assess the strengths and vulnerabilities of their central banks’ safeguards and governance frameworks.

• Identify specific steps to improve financial safeguards.

• Use leading practices for central banks in the areas of good governance, central bank autonomy, accountability, and transparency.

• Describe and explain the requirements of the IMF safeguards policy and the importance of implementing safeguards recommendations.

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Course Details

Start: 20240506May 06
End: 20240510May 10

Language: English

Sponsoring Organization: IMF

Admin Arrangements


Application Deadline: February 25, 2024