YEREVAN, July 20, /ARKA/. IFC, a member of the World Bank Grou, said it trained Armenian bankers in specific aspects of risk management to help make the banking system more stable and efficient, which is especially important to enable the economy to recover from negative effects of the global financial crisis.

In a press release IFC said it held training sessions on July 18-19 in Yerevan that covered the main trends in global banking. The training focused on financial instruments that can minimize liquidity risks arising from events such as credit rating downgrades or sudden, unexpected cash outflows. Over 20 participants from leading banks joined the program.

“The training helped participants understand how liquidity risks affect the banking business,” said Thomas Lubeck, IFC Regional Head for the Caucasus.

Categories: Banks @en, General news, News | Comments Off on IFC trains Armenian banks to enhance liquidity management and improve efficiency

Tags: Armenia, IFC, TRAINS

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