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IFC and Institute of Bankers Pakistan Help Banks Cope with Risk


In Karachi:
Riham Mustafa
Phone: +20 2 461 9150
E-mail:
rmustafa@ifc.org


Karachi, Pakistan, May 24, 2010IFC, 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.


About IFC
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.

About IBP
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.