samaSaudi Arabian Monetary AuthorityNewsThe Institute of Finance (IOF) Holds a Closing Ceremony for the Training Program Provided for central bank of yemen Staff
The Institute of Finance (IOF) Holds a Closing Ceremony for the Training Program Provided for central bank of yemen Staff

​Under the patronage of SAMA’s Governor, Dr. Ahmed A. AlKholifey, the closing ceremony for the four-week training program, provided for the staff of the Central Bank of Yemen (CBY) at the Institute of Finance (IOF) in Riyadh, was held on Sunday today, 4the of Jumada Al-Awwal 1439 (21 January 2018).

Dr. Alkholifey thanked the participants from the CBY for their attendance and their outstanding performance as well as everyone who contributed to the organization and preparation of the program, which represents a practical start for SAMA’s technical assistance offered to the CBY in order to strengthen and support its technical capabilities in performing its main functions.

In his speech, Dr. Alkholifey stressed the importance of enhancing constructive and fruitful cooperation with the CBY in all technical fields related to the work of central banks. He also stressed SAMA's keenness to provide the necessary technical assistance, including this training program. The program was prepared in coordination and consultation with officials from the CBY, as directed by the Custodian of the Two Holy Mosques, to support the Yemeni people and enhance their legislative institutions, including the CBY, to carry out their mandates and thus contribute to improving the economic conditions in Yemen, which will in return benefit Yemeni citizens.

Moreover, it is worth mentioning that the training program included a set of courses specialized in fields and activities relating to central banks, such as electronic banking systems, control and supervision in fields of inspection, auditing and capital adequacy (Basel standards), and anti-money laundering. The program also included practical application at SAMA departments in addition to a special training course for the qualification of trainers to furnish them with the skills and tools necessary to transfer knowledge to the rest of CBY staff. In addition, there will be other programs for CBY staff, including a set of courses and workshops on the technical aspects of banking engaged in by central bank workers, which are expected to be carried out in the first half of 2018.

Dr. Alkholifey pointed out that SAMA still provides many programs and training courses through the IOF in order to improve the level of performance in financial services jobs, inside and outside Saudi Arabia, by developing skills and capabilities of workers in the financial sector in general and providing them with training solutions. This closing ceremony was attended by a number of officials from SAMA and the IOF.​

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