Home / Latest News / 2016 / Training to Improve COMESA Monetary Cooperation Programme

Training to Improve COMESA Monetary Cooperation Programme

The COMESA Monetary Institute (CMI) in collaboration with Central Bank of Egypt has trained staff from member States Central Banks on management of liquidity, interest rate and exchange rate risk to improve COMESA monetary cooperation programme.
The training which took place in Cairo, from 4th  to 14th  April, 2016 was the third this year that the Central Bank of Egypt has provided to support capacity building for peer Banks of COMESA member States.
The training followed a directive to CMI by the 21st Meeting of the COMESA Committee of Governors of Central Banks, which was held in November, 2015, in Lusaka, Zambia.
In their meeting, the Governors noted that the dynamic nature of economic problems facing the region today required continuous retooling with superior analytical techniques, if proper diagnosis and effective solutions are to be found.
“At the hear t of the problem for Central Banks is balancing policy actions against the risk exposures from such actions and effects of external shocks,” Mr Ibrahim Zeidy, the Director of CMI said.

At the heart of the problem for Central Banks is balancing policy actions against the risk exposures from such actions and effects of external shocks”.

This training was aimed at enhancing the participants’ skills to prudently manage liquidity, interest rates, and market and foreign exchange risks. This is in addition to deepening their understanding of hedging tools and instruments that could serve as protection from unwanted volatility of macro variables and external shocks.
More specifically, the training provided hands on training on risk management; enhanced the skills of participants for the daily managing, controlling, and reporting of risk; enhanced the skills of the participants for effective policy advice and decision- making in the field of risk management. It will further enable member Central Banks to share knowledge and to network.
The training was attended by delegates from Central Banks of Egypt, Ethiopia, Kenya, Sudan and Zimbabwe.

Comments are closed.

Scroll To Top
Birthday