{
  "title": "Safeguards Assessments of Central Banks (SAC)",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/courses/sac",
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  "summary": "Safeguards Assessments of Central Banks Training Program Course Safeguards Assessments of Central Banks (SAC) This course is designed to give central bank officials interactive exposure to the IMF safeguards assessment methodology.",
  "publishDate": "2025-07-30",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The Training Program Course \"Safeguards Assessments of Central Banks (SAC)\" is designed to give central bank officials interactive exposure to the IMF safeguards assessment methodology.\n- The course emphasizes central bank governance and highlights the importance of independent oversight, transparency, and accountability for improving financial safeguards.\n- The course provides a forum for central bank staff to exchange views on experiences in reinforcing safeguards and governance frameworks and dealing with emerging issues."
    },
    {
      "heading": "Teaching methods and topics covered",
      "content": "- Interactive lectures.\n- Discussions.\n- Case studies.\n- Crucial assessment areas addressed:\n  - External and internal audit mechanisms.\n  - Financial reporting.\n  - The system of internal controls.\n  - Management of international reserves.\n  - Reporting of monetary data to the IMF.\n  - Concepts underlying autonomy and good governance in central bank legislation."
    },
    {
      "heading": "Target audience",
      "content": "- Central bank officials serving on governance and oversight bodies.\n- Senior central bank staff responsible for:\n  - Accounting.\n  - Financial reporting.\n  - Auditing.\n  - Risk management.\n  - Internal control.\n  - Legal operations.\n  - Reserve management operations."
    },
    {
      "heading": "Qualifications for participants",
      "content": "- Expected educational or professional background:\n  - University or postgraduate degree in accounting, business, economics, finance, or law.\n  - Or professional certifications in auditing (chartered or certified public accountants, internal auditors, information systems auditors).\n  - Or professional certifications in finance (certified financial analysts)."
    },
    {
      "heading": "Course objectives (learning outcomes)",
      "content": "Upon completion of the Training Program Course \"Safeguards Assessments of Central Banks (SAC)\", participants should be able to:\n- Assess the strengths and vulnerabilities of their central bank's safeguards and governance frameworks.\n- Identify specific steps to improve financial safeguards.\n- Use leading practices for central banks in the areas of good governance, central bank autonomy, accountability, and transparency.\n- Describe and explain the requirements of the IMF safeguards policy and the importance of implementing safeguards recommendations."
    }
  ],
  "bullets": [
    "The Training Program Course \"Safeguards Assessments of Central Banks (SAC)\" is designed to give central bank officials interactive exposure to the IMF safeguards assessment methodology.",
    "The course emphasizes central bank governance and highlights the importance of independent oversight, transparency, and accountability for improving financial safeguards.",
    "The course provides a forum for central bank staff to exchange views on experiences in reinforcing safeguards and governance frameworks and dealing with emerging issues.",
    "Interactive lectures.",
    "Discussions.",
    "Case studies.",
    "Crucial assessment areas addressed:",
    "Central bank officials serving on governance and oversight bodies.",
    "Senior central bank staff responsible for:",
    "Expected educational or professional background:",
    "Assess the strengths and vulnerabilities of their central bank's 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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  "generatedAtUtc": "2026-09-29T16:40:51.639Z"
}