Connect with IMF Institute
Safeguard Assessments

Safeguards Assessments of Central Banks (SAC)

Deadline passed

Session No.: JV 22.17

Location: Vienna, Austria

Date: October 10-14, 2022 (1 week) New dates

Delivery Method: In-person Training

Primary Language: English

    Target Audience

    Central bank officials serving on governance and oversight bodies, and/or senior central bank staff responsible for accounting, financial reporting, auditing, risk management, internal control, legal, or reserve management operations.

    Back to top

    Qualifications

    Participants are expected to have a university or postgraduate degree in accounting, business, economics, finance, or law, or have earned professional certifications in auditing (chartered or certified public accountants, internal auditors, informationsystems auditors) or finance (certified financial analysts).

    Back to top

    Course Description

    "Disclosure: Due to COVID 19, courses will be delivered in person, hybrid, or virtual, according to safety guidelines. As of today, this course is scheduled to be delivered in person in Vienna, but its delivery method may change. By submitting your application, you confirm your availability to participate in the course either in person or virtually. Up-to-date Covid-19 vaccination is likely to be required and related information may be requested from participants for in-person courses."

    This course, presented by the Finance and Legal Departments, is designed to give central bank officials interactive exposure to the IMF safeguards assessment methodology. It has a special focus on central bank governance and highlights the importance of independent oversight, transparency and accountability for improving financial safeguards. It also provides a forum for central bank staff to exchange views on their experiences in reinforcing safeguards and governance frameworks and dealing with emerging issues. The course incorporates interactive lectures, discussions, and workshops addressing crucial assessment areas, especially external and internal audit mechanisms, financial reporting, the system of internal controls, management of international reserves, and reporting of monetary data to the IMF. The course also reviews the concepts underlying autonomy and good governance in central bank legislation.

    Back to top

    Course Objectives

    Upon completion of this course, participants should be able to:

    • Assess the strengths and vulnerabilities of their central banks’ safeguards and governance frameworks.
    • Identify specific steps to improve financial safeguards.
    • Use leading practices for central banks in the areas of good governance, central bank autonomy, accountability, and transparency.
    • Describe and explain the requirements of the IMF safeguards policy and the importance of implementing safeguards recommendations.  
    Back to top

    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and the public. Click Learn more to find our current offerings.

    Transforming Public Finance through GovTech

    English | June 17-21, 2024 | In-person Training | Vienna, Austria

    Apply online by March 31, 2024

    RA-GAP VAT Gap Estimation Model (VGAPx)

    Spanish | May 1, 2023 - April 15, 2024 | Online Training | Course conducted online

    Apply online by April 1, 2024

    Public Sector Debt Statistics (PSDSx)

    Spanish | May 1, 2023 - April 15, 2024 | Online Training | Course conducted online

    Apply online by April 1, 2024

    Financial Programming and Policies, Part 1: Macroeconomic Accounts & Analysis (FPP.1x)

    Spanish | May 1, 2023 - April 15, 2024 | Online Training | Course conducted online

    Apply online by April 1, 2024

    VITARA - Performance Management (VITARA-PMG)

    English | January 1, 2024 - April 15, 2024 | Online Training | Course conducted online

    Apply online by April 1, 2024