The Arab Monetary Fund ( AMF), in collaboration with the World Bank Group, hold a seminar in Abu Dhabi, UAE, concentrating on capability-building of staff of Yemen’s Central Bank in payment systems.
The course talks about the ideas of modern payment systems, the link between these techniques to attain financial stability and improve economic coverage, and offers recent developments in this regard.
The seminar may also address the needs for creating the legislative and institutional framework of payment and settlement systems in Yemen, wherein employees will be presented with the tasks and their responsibilities and roles, depending on best practices and worldwide experiences.
Furthermore, the seminar will talk about managing payment systems, particularly the Real-time Gross Settlement ( RTGS ) system, and recognizing the needs for generating such a system. It will also talk about how to use and control digital payments for government services.
The course program provides practical training for the Bank staff in the regions of interest to the infrastructure of payment systems, which will lead to accurately examining the Bank’s requirements since an initial step towards prioritizing the technical support in the development of the nationwide paybacks system in Yemen.
AMF Chairman Abdulrahman al-Humaidi discussed that the seminar comes in a timely manner in light of the institution of a new division specialized in payment systems at Yemen’s Central Bank.
Through the seminar, Humaidi described, the Fund was keen to offer an idea of the structure of the department along with the duties and roles allocated to its members, depending on best practices and worldwide experiences.
The program may also talk about how you can handle settlement systems, particularly the RTGS method along with the needs for creating such a system, along with talking about how to use digital payments in government solutions, thereby improving transparency and efficiency, he concluded.