Connect with IMF Institute

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.

    Back to top

    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).

    Back to top

    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.
    Back to top

    Upcoming Offering

    Start date End date Location Session No. Primary & (Interpretation) language Apply
    March 16, 2020 March 20, 2020 Ebene, Mauritius AT 20.53 English (French) Apply online by February 24, 2020
    October 5, 2020 October 9, 2020 Singapore, Singapore ST 20.22 English Invitation
    November 8, 2020 November 12, 2020 Kuwait City, Kuwait CE 20.23 English (Arabic) Apply online by September 25, 2020
    Back to top

    Apply Now - Application deadline approaching:

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

    Safeguards Assessments of Central Banks (SAC)

    English (French), March 16-20, 2020, Ebene, Mauritius

    Apply online by February 24, 2020

    National Accounts Statistics (NAS)

    English, May 11-29, 2020, Washington, D.C., United States

    Apply online by February 25, 2020

    Public Sector Debt Statistics - Advanced

    English, June 15-19, 2020, Washington, D.C., United States

    Apply online by February 29, 2020

    Macroeconomic Management in Resource-Rich Countries- Online (MRCx)

    French, November 1, 2019 - April 15, 2020, Course conducted online

    Apply online by March 1, 2020

    Online Course: Macroeconomic Diagnostics (MDSx)

    English, November 1, 2019 - April 30, 2020, Course conducted online

    Apply online by March 1, 2020