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International Academy of Central Banking
Introducing the International Academy of Central Banking (IACB) The last few years have been difficult ones for central banks. While they deserve praise for their response to the worst financial crisis since the Great Depression, central banks have also received criticism for their actions in the build-up to the crisis. What is clear, however, is that the crisis and its aftermath forcefully demonstrate the pressing need for worldclass professionalism and a global exchange of ideas, solutions and best practices in central banking. The need for skills development and education exists in central banking in three areas: (i) entry-level central bankers, (ii) those in or aspiring to management positions, (iii) the leadership, director and executive level of the central bank. The Official Monetary and Financial Institutions Forum (OMFIF) has, therefore, developed three distinct diploma programmes: Foundations of Central Banking, Advanced Management in Central Banking, and Leadership in Central Banking. Successful completion of each of these programmes leads to an IACB Diploma, accredited by OMFIF. Candidates whohave completed all three diploma programmes receive the designation “Certified International Central Banker” and become Fellows of the IACB (both of which may be achieved through an accelerated track for experienced central bankers). The Academy will be the leading global education initiative focused exclusively on enhancing professionalism in central banking. Working with a talented and experienced group of advisers, curriculum developers and faculty members, we have built a robust set of teaching and reading materials, which will develop the skills and expertise of central bankers around the world. The Academy will have a global orientation. We will not only offer our services to all central banks around the world (through in-house sessions or regional open-enrollment programmes), but will also bring a comparative approach to education. While taking local factors into account, we will indentify best practice and common challenges, goals and ambitions among countries to assemble a cohesive framework for worldwide learning. |
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