The Private Enterprise Partnership for the Middle-East (PEP-ME), a technical assistance program created, funded, and
managed by the International Finance Corporation, ended a three-day training workshop Thursday in Amman, Jordan, for 50 managers of – largely private - Iraqi banks.
IFC, the private sector arm of the World Bank Group, staged the workshop to introduce state-of-the-art banking practices in Iraq, where access has been highly constrained by its recent legacy of successive wars and international
economic sanctions. The PEP-ME workshop is a first but crucial step in IFC's strategy for Iraq of upgrading the technical and managerial capacity of the financial sector to reinvigorate private sector development and job creation.
The training program of the workshop was designed for senior managers of private-sector and public sector banks, including heads of risk management units, retail banking, marketing and auditing offices. The five modules of the PEP-ME workshop were delivered in Arabic, and addressed topics such as credit risk management, asset-liability management, strategic planning, foreign risk management and marketing.
Sami Haddad, IFC Director for the Middle East and North Africa, said "This is the first project in the region by PEP-ME. I am pleased that IFC is contributing to building the managerial and technical capacity of Iraqi banks
by providing this training workshop."
A training needs assessment session was carried out on the last day of the workshop by IFC to help identify the further training needs of Iraqi banks. The workshop was organized in collaboration with the Arab Academy for Banking and Financial Services, while the Iraq Bankers' Association played a key role in bringing the representatives of Iraqi banks together. (menareport.com)
© 2004 Mena Report (www.menareport.com )