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.
