{
  "title": "Safeguards Assessments of Central Banks (SAC)",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2024/sacjv24-12",
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  "summary": "Safeguards Assessments of Central Banks Training Program Safeguards Assessments of Central Banks (SAC) Deadline passed Session No.",
  "publishDate": "2025-08-26",
  "sections": [
    {
      "heading": "Target audience and qualifications",
      "content": "- Target audience:\n  - Central bank officials serving on governance and oversight bodies.\n  - Senior central bank staff responsible for accounting, financial reporting, auditing, risk management, internal control, legal, or reserve management operations.\n- Qualifications:\n  - Expected educational background: university or postgraduate degree in accounting, business, economics, finance, or law.\n  - Alternatively, professional certifications in auditing (chartered or certified public accountants, internal auditors, information systems auditors) or finance (certified financial analysts)."
    },
    {
      "heading": "Course description and pedagogical approach",
      "content": "- Presented by: Finance and Legal Departments (IMF).\n- Purpose:\n  - To give central bank officials interactive exposure to the IMF safeguards assessment methodology.\n  - To emphasize central bank governance with special focus on independent oversight, transparency, and accountability for improving financial safeguards.\n- Instructional format:\n  - Interactive lectures.\n  - Discussions.\n  - Case studies.\n- Core 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- Additional thematic coverage:\n  - Concepts underlying autonomy and good governance in central bank legislation.\n- Participant interaction:\n  - Provides a forum for central bank staff to exchange views on reinforcing safeguards and governance frameworks and dealing with emerging issues."
    },
    {
      "heading": "Course objectives and expected outcomes",
      "content": "- Upon completion of the course, participants should be able to:\n  - Assess the strengths and vulnerabilities of their central banks’ 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."
    }
  ],
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    "Qualifications:",
    "Presented by: Finance and Legal Departments (IMF).",
    "Purpose:",
    "Instructional format:",
    "Core assessment areas addressed:",
    "Additional thematic coverage:",
    "Participant interaction:",
    "Upon completion of the course, participants should be able to:"
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  "generatedAtUtc": "2026-09-29T17:18:19.198Z"
}