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Safeguards Assessments of Central Banks (SAC)

Safeguard Assessments

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 and discussions, workshops, 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.

Read More Topic : Safeguards Assessments

    Target Audience

    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.

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    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).

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    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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    Upcoming Offering

    Start date End date Location Session No. Primary & (Interpretation) language Apply
    November 15, 2021 November 18, 2021 Kuwait City, Kuwait CE 21.45V English (Arabic) Apply online by October 8, 2021
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    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and public. Click Learn more to find our current offerings.

    Virtual : Vulnerability Diagnostics (VDS)

    English, June 28, 2021 - July 9, 2021, Vienna, Austria

    Apply online by May 9, 2021

    Virtual : Fiscal Sustainability (FS)

    English (Russian), July 19-30, 2021, Vienna, Austria

    Apply online by May 9, 2021

    Virtual : Fiscal Frameworks (FF)

    English (Arabic), June 7-17, 2021, Abu Dhabi, United Arab Emirates

    Apply online by May 10, 2021