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Training and Skills Transfer:Appropriate Frameworks for Maximising the Benefit
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by John Nugée, Managing Director, Official Institutions Group           

Introduction

Knowledge and skills transfer from the external fund managers is one of the most challenging yet important aspects for central banks reserves managers. A number of central banks struggle to reach a level ground on how best this issue can be resolved between the engaging central bank and the fund manager. In this respect, staff development and training becomes high priority for all African central banks, and a key concern for MEFMI in their work with their central banking constituency.  Some of this training is provided internally at each central bank; some comes from public conferences arranged by MEFMI and other organisations.  But a third and important source of staff development is the training that can be offered by private sector service providers that a central bank engages with. 
 
8 Country Missions to Be Conducted for the MEFMI Modelling and Forecasting Reference Manual
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The process for the development of a Modelling and Forecasting Reference Manual for the MEFMI region commenced with the consultancy team embarking on an information gathering exercise.
 
MEFMI Participates in DMFAS TfT
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The United Nations Conference on Trade and Development (UNCTAD) has developed a new version of their Debt Management and Financial Analysis System (DMFAS 6.0). The new version incorporates new features and also enhancements of modules from the current version. They have also developed three capacity building modules in debt management, which can be used with DMFAS or outside of the system. The facility skills transfer and enhancement of appreciation of the new version, DMFAS Programme convened a Training-for-Trainers Workshop (TfT) in Geneva, Switzerland, from 14 to 25 February 2011.  MEFMI was invited as an UNCTAD DMFAS Programme partner, and was represented by Mr Cornilious Deredza, Debt Management Programme Officer.

 
 
MEFMI Programme Officer Conducts Lecturers at Masters of Banking and Finance Course
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As part of its networking activities, the Financial Sector Management Programme (FSM) participates in the annual Bank for International Settlements (BIS) segment on the Master’s Programme in Banking and Finance. The programme is conducted at the Centre Africain d’Études Supérieures en Gestion (CESAG) in Dakar, Senegal.  This year it had 40 participants all drawn from various West African countries. 
 
MEFMI Region HR Practitioners Share on Critical Capacity Gaps
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In an effort to ensure that the MEFMI region continues to employ best practice in managing its human capital, the Institute hosts an annual Human Resources Managers workshop (HR). The workshop is attended by high level officials from MEFMI client institutions who are HR practitioners from central banks, ministries of finance and economic planning.

 
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