Governor of Afghan Central Bank Concludes IMF Training in Washington
From December 8-15, Afghanistan’s Central Bank Governor Noorullah Delawari participated in a special training course on “Safeguards Assessments of Central Banks” hosted by the International Monetary Fund (IMF) Institute in Washington, D.C.
Lead by the IMF’s Finance Department, the seven-day course brought together senior Central Bank management staff from around the world for seminars on IMF reporting practices, reserve management and a variety of other related topics.
According to the IMF Institute, the course explained the IMF’s approach to assessing the safeguards in place in the central banks of countries that borrow from the IMF. “The focus of safeguards assessments is to identify possible vulnerabilities in a central bank’s accounting, financial reporting, auditing procedures, control systems, and legal framework that may pose undue risks to the central bank’s resources, including IMF disbursements.”
The goal of the course was to provide reasonable assurance that, if significant vulnerabilities in these areas are identified, steps to rectify them are developed and implemented. The course provided participants with the knowledge and tools required to conduct a basic safeguards assessment of their own central banks.
The course included both lectures and workshops concerning the key areas of assessment, including: the external audit mechanism; financial reporting; the internal audit mechanism; the system of internal controls; management of international reserves; and reporting of monetary data under Fund-supported programs.
For more information on the Central Bank of Afghanistan (also known as “Da Afghanistan Bank”) visit: http://www.centralbank.gov.af/
