Training Program

ATI countries' Central Bank or Regulator staff who are working on quantitative financial stability assessment and/or stress testing and are interested in incorporating climate-related risks.

There are no specific qualification requirements.

While there are no strict prerequisites, and participants are not required to have any previous experience in climate risk analysis, some information gathering would be helpful ahead of the workshop. Specifically, participants should do pre-workshop work: 

• To gather information on their current approach to financial stability assessment and/or stress testing and their macro forecasting model or methods to calibrate macro-financial scenarios. 
• Regarding physical risk, participants are encouraged to identify possible agencies in their country that could be relevant to their climate-related work and set the open-source software on their computers, considering shared specifications.

Building on the IMF's experience in climate risk analysis for the Financial Sector Assessment Programs (FSAPs), the workshop structure includes lectures, country examples, and hands-on exercises for developing a clear understanding of climate risk analysis frameworks for the banking system. Topics covered include climate scenarios, methodologies, data requirements, and inter-agency collaborations. The agenda will cover both physical and transition risks, but case studies and hands-on work will focus on physical risk, given the exposure and vulnerability to the latter for countries in the region.

The workshop could also serve as an initial step toward potential bilateral capacity development activities if recipient authorities are already conducting stress testing exercises and express interest in further technical assistance to develop a climate risk analysis