The role of a central bank today extends far beyond traditional monetary policy, encompassing a dynamic interplay of innovation, global economic forces, and evolving policy challenges. This training course offers a strategic seminar for senior leaders and policymakers to navigate this complex landscape. We will explore cutting-edge policy frameworks, the impact of financial technology, and the interconnectedness of global markets, equipping participants with the foresight to anticipate future trends. This program is designed for professionals who are committed to modernizing their institution's approach and ensuring its relevance in a rapidly changing world.

This intensive five-day program is a unique forum for examining the strategic decisions that shape a nation’s financial future. Participants will engage with advanced topics, from the implications of digital currencies and climate-related risks to the nuances of international cooperation and crisis management. The seminar provides a platform for expert-led discussions and peer-to-peer learning, allowing attendees to exchange ideas and gain new perspectives. By the end of this course, you will possess the strategic insights and operational expertise to lead your institution with confidence, contributing to a more stable and prosperous global financial system.

Duration: 5 days

Target Audience:

• Central bank governors and senior management
• Monetary policy committee members
• Financial regulators and supervisors
• Senior economists and research directors
• Executives from private sector banks
• Treasury and finance ministry officials
• Policy advisors at international financial institutions
• Information technology and innovation leads
• Heads of risk management and compliance
• Academics and researchers in macro-finance

Objectives:

• Analyze the latest trends in monetary policy and financial stability frameworks
• Grasp the policy implications of financial technology and digital payments
• Interpret the global economic and geopolitical forces shaping central banking
• Formulate strategies for international cooperation and communication
• Understand the role of central banks in addressing climate-related financial risks
• Evaluate governance, transparency, and accountability in modern central banking
• Assess the challenges and opportunities of a multi-polar global financial system
• Develop a strategic vision for institutional modernization and innovation
• Apply lessons from recent crises to inform future policy design

Course Modules: Module 1: Modern Monetary Policy Frameworks

• The evolution of inflation targeting and its alternatives
• The role of central bank balance sheets and unconventional tools
• Navigating the low-interest-rate environment
• The interaction of monetary and fiscal policy
• Communication strategies and forward guidance

Module 2: Central Banking & The Digital Frontier

• The policy implications of Central Bank Digital Currencies (CBDCs)
• The regulation and supervision of digital assets
• The impact of FinTech on payments and financial services
• Leveraging data analytics and AI for policy analysis
• Cybersecurity and resilience in a digital ecosystem

Module 3: Global Economic Outlook & Policy Coordination

• Analyzing global financial flows and capital market volatility
• The impact of geopolitical shifts on monetary policy
• The role of the IMF and other international bodies
• Cross-border policy spillovers and coordination challenges
• The future of the international monetary system

Module 4: Financial Stability in a Changing World

• Systemic risk modeling and network analysis
• The role of macroprudential policy in managing leverage
• Supervising non-bank financial institutions
• The challenge of climate-related financial risks
• Global trends in financial regulation

Module 5: Innovation in Payment Systems

• The shift to instant and real-time payment systems
• The oversight and governance of payment infrastructures
• The role of central banks as payment system innovators
• Addressing cross-border payment frictions
• The future of payment technology

Module 6: Governance, Transparency & Accountability

• The legal and institutional frameworks for central bank independence
• Enhancing transparency and public communication
• The role of internal audit and risk management
• Managing stakeholder expectations and political pressures
• Building and maintaining institutional credibility

Module 7: Climate-Related Financial Risks

• The distinction between physical and transition risks
• The role of central banks in greening the financial system
• Climate-related stress testing and scenario analysis
• The use of climate data in economic analysis
• The Network for Greening the Financial System (NGFS)

Module 8: Crisis Management & Resolution

• Lessons from the 2008 global financial crisis
• The central bank's role as a lender of last resort
• Crisis communication and confidence-building measures
• Bank resolution and recovery frameworks
• The role of central banks in a sovereign debt crisis

Module 9: The Future of Central Banking

• The long-term impact of demographic and technological shifts
• The evolving relationship with fiscal authorities
• The challenge of financial inclusion and inequality
• The role of central banks in a sustainable economy
• A strategic vision for the next decade of central banking

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.