GTZ trains Central Bank on microfinance

The first training workshop on microfinance began Saturday January 24th in order to train 10 participants from the Central Bank. Trainees will be responsible for applying the microfinance law after it is approved by Parliament.  

The five-day training workshop is the first in a planned series of workshops sponsored by the Yemeni-German Private Sector Development Project (GTZ-PSDP), one of the German Technical Cooperation projects working in Yemen.  

“This training aims to build the capacity of the Central Bank in the field of accounting control of micro financing to banks,” said Ozaina Al-Jundi, advisor for microfinance at the GTZ-PSDP. “It is an introduction to Microfinance to explain its importance, products and used methodologies.”

“By the end of the training session, participants will receive professional information related to microfinance. Participants will also be able to follow-up in coming sessions on a number of specialized Microfinance areas, including financial audits, risk management and others of specialized training courses. There will be a training workshop held every month in 2009,” he said. 

As an international cooperation enterprise promoting sustainable development through it’s worldwide operations, the federally owned Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ) GmbH supports the German government in achieving its development-policy objectives. It provides viable, forward-looking solutions for political, economic, ecological and social development in a globalised world.

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