Karachi, Pakistan, May 24, 2010─IFC,
a member of the World Bank Group, is training senior bank executives from
Afghanistan and Pakistan to effectively manage risk, helping them navigate
uncertainty in global financial markets, identify sustainable investments,
and build a stronger banking sector.
IFC and the Institute of Bankers Pakistan (IBP) are hosting a three-day
training program from May 24-26 in Karachi for over 40 senior bank executives
and other bank staff working in risk management. The training will cover
topics including writing and documenting a bank risk strategy, creating
bank governance structures, and identifying and mitigating risk.
This training session builds on IFC’s recent
efforts to raise awareness in Pakistan about the importance of creating
sustainable risk management practices within banks. Last year, IFC and
the State Bank of Pakistan (SBP) held a conference on managing risk during
the depths of the financial crisis, which underlined the importance of
risk management and sustainable finance.
Mushtaque Jindani, Managing Director
of IBP, said, “This training program
is part of IBP’s endeavors to bring quality, certified, and standardized
professional development programs to Pakistan. IBP is dedicated to upgrading
the capacity of the banking industry in Pakistan, and the strategic partnership
with IFC is a significant step in this regard.”
Kaiser H Naseem, IFC Bank Advisory Services
Program Manager, said, “This training program is an opportunity to exchange
information and share knowledge on a topic critical for banks to establish
sound risk and governance structures in Afghanistan and Pakistan.”
IFC works closely with banks across the Middle East and North Africa to
help structure robust risk management systems and train bank staff on risk
management. IFC has supported risk management conferences and helped strengthen
banking practices in other regional countries including Afghanistan, Egypt,
Saudi Arabia, and Yemen.
IFC, a member of the World Bank Group, creates opportunity for people to
escape poverty and improve their lives. We foster sustainable economic
growth in developing countries by supporting private sector development,
mobilizing private capital, and providing advisory and risk mitigation
services to businesses and governments. Our new investments totaled $4.5
billion in fiscal 2009, helping channel capital into developing countries
during the financial crisis. For more information, visit www.ifc.org.
The Institute of Bankers, Pakistan (IBP)
is Pakistan’s only recognized institute dedicated to providing training
services for the banking industry in Pakistan. Its mission is to train
and develop a sound human resource base for the financial sector and to
work for continuous learning, adaptation and application of knowledge.
The professional development programs offered by IBP cover all major banking
disciplines including: operations, consumer, risk, compliance, governance,
Islamic, SME, microfinance etc. For further details, visit www.ibp.org.pk.