Safeguards Assessments of Central Banks (SAC)
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Bibliographic details
- Session: AT 24.04
- Location: Ebene, Mauritius
- Dates: January 29, 2024 - February 2, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Interpretation language: French Portuguese
- Status: Deadline passed
Program overview and logistics
- Training Program title: Safeguards Assessments of Central Banks (SAC)
- Session No.: AT 24.04
- Date: January 29, 2024 - February 2, 2024 (1 week)
- Location: Ebene, Mauritius
- Delivery Method: In-person Training
- Deadline status: Deadline passed
- Primary Language: English
- Interpretation Language: French Portuguese
- Presented by: Finance and Legal Departments of the IMF
Target audience
- Central bank officials serving on governance and oversight bodies.
- Senior central bank staff responsible for:
- accounting,
- financial reporting,
- auditing,
- risk management,
- internal control,
- legal functions,
- reserve management operations.
Qualifications for participants
- University or postgraduate degree in accounting, business, economics, finance, or law; or
- Professional certifications in auditing (chartered or certified public accountants, internal auditors, information systems auditors) or finance (certified financial analysts).
Course description and focus areas
- Designed to give central bank officials interactive exposure to the IMF safeguards assessment methodology.
- Special focus on central bank governance with emphasis on:
- independent oversight,
- transparency,
- accountability for improving financial safeguards.
- Provides a forum for exchange of experiences in reinforcing safeguards and governance frameworks and addressing emerging issues.
- Instructional methods: interactive lectures, discussions, and workshops.
- Crucial assessment areas addressed:
- external and internal audit mechanisms,
- financial reporting,
- the system of internal controls,
- management of international reserves,
- reporting of monetary data to the IMF.
- Reviews concepts underlying autonomy and good governance in central bank legislation.
Course objectives (learning outcomes)
- Assess the strengths and vulnerabilities of participants’ 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.
References