Media ININ Economy We Trust
28-04-2019 Media in\ Abu Dhabi
The training course for capacity building in the payment systems for employees of the Central Bank of Yemen, organized by the Arab Monetary Fund in cooperation with the World Bank Group, started today at the Marriot Hotel in Abu Dhabi and will last till May 6th.
The course focuses on building the capacity of workers in the payment and settlement systems of the Central Bank of Yemen, in the light of the establishment of a new department specialized in payment systems at the bank.
The course will discuss the concepts of modern payment systems and the link between these systems in achieving financial stability and enhancing financial coverage. It will also discuss the development of the latest trends in this regard. It will discuss the requirements of building the legislative and institutional framework for payment and settlement systems in Yemen by explaining the tasks, responsibilities and roles of and their cadres, based on best practices and international experiences.
The course will discuss how to manage payment systems, especially the RTGS system, and learn about the requirements for developing such a system, in addition to discussing how to use and supervise electronic payments for government services.
On the other hand, recognizing the importance of improving risk management and countering electronic threats, the course program included the risk management aspects of payment systems, especially systemic risks, and the importance of achieving financial stability and identifying appropriate methodologies and tools.
The course provides practical training for the staff of the Central Bank of Yemen in aspects of interest to the infrastructure of payment systems, which will result in the assessment of the needs of the bank accurately, as a first step towards prioritizing the technical support of the Central Bank of Yemen in the construction of the national payments system in Yemen in cooperation between the Arab Monetary Fund and the Monetary Fund And the World Bank within the framework of the strategy of developing the financial sector in Yemen.
HE Abdulrahman bin Abdullah Al-Humaidi, Director General of the Fund, said at the opening of the session: “Organizing the course to build the capacity of workers in the field of payment systems at the Central Bank of Yemen at the appropriate time in light of the establishment of a new department specialized in payment systems at the Central Bank of Yemen. The course will deal with the management of payment systems, especially the RTGS system and the requirements for developing such a system. Discuss how to use electronic payments in government services to enhance transparency and efficiency.
