Course details

Target Audience:

All government officials are welcome to apply. The course is particularly well-suited for officials in central banks, ministries of finance, and regulatory agencies who have training and experience in macroeconomics and are interested in building their expertise in finance.

Requirements/Qualifications:

Access to a computer with a reliable Internet connection with Google Chrome web browser and proficiency in Excel are essential. Participants are expected to have some familiarity with basic techniques in statistics and probability.

Course Description:

This course, presented by the IMF's Institute for Capacity Development, introduces participants to the fundamentals of financial analysis that are part of the toolkit of policymakers. These tools are used to study the characteristics of various financial instruments and their pricing, and to analyze portfolios of assets and the basics of risk management. Mastery of these tools is considered essential for participants to take part in more advanced and policy-oriented courses offered by ICD in finance or macro-financial areas. Topics covered in the FMAx include:- pricing money market instruments;- bond pricing and sensitivity to yield-duration and convexity;- term structure of interest rates;- equity pricing;- asset allocation and diversification; and- introduction to risk management

Updated on 08 November, 2015

About IMF Institute

The IMF Institute for Capacity Development (ICD) organizes courses for officials from Arab League member countries at the CEF in Kuwait. The CEF's activities are generously sponsored and funded by the Government of Kuwait. The primary purpose of the CEF is to strengthen the skills of officials from Arab League countries in economic analysis and diagnosis, and in formulating and implementing effective economic and financial policies. The IMF will be the principal training provider for the CEF in the area macroeconomic management. Training outside the core areas of expertise of the IMF will be delivered by other organizations, such as, the World Bank, WTO, and OECD. Furthermore, and in line with the CEF's objective to collaborate closely with regional institutions, the CEF started recently to conduct some joint training courses with the Arab Monetary Fund in Abu Dhabi. Courses are offered generally in Arabic or in English with interpretation into Arabic.

Selection Process: 

Courses are by invitation only. Candidates are nominated by government agencies upon the request of the CEF.Observer Policy: The Institute for Capacity Development's policy for participation by IMF local staff and officials from non-program advanced economies in our regional training centers is that they will be given "Observer" status since these centers are run with the assistance of donor financing. Attending as an Observer provides the same access to course content and activities, but all associated costs (accommodation, travel and per diem) need to be covered by the sponsoring institution.

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