IFC-held training sessions help minimize liquidity risksJuly 20, 2011 - 16:25 AMT PanARMENIAN.Net - IFC, a member of the World Bank Group, is training 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, according to press service of IFC Yerevan office. IFC 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. “Participating bankers acquired a set of standards that can be applied in their respective banks to mitigate and prevent those risks in the future.” IFC’s Financial Crisis Response Program in Europe and Central Asia organized the training in partnership with the Development Bank of Austria. IFC is also working to improve the business-enabling environment for financial institutions, and providing in-depth consultancy to selected financial institutions in Armenia through its Armenia Banking Market Development Project. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Ucom’s fixed network launches in Nor Hachn City residents will be able to use fixed-line Internet, mobile communications and television in one package at more affordable prices. Armenia to send Deputy Foreign Minister to Berlin’s Ukraine Recovery Conference Georgia will attend the forum at the level of Prime Minister, Foreign Minister, while Azerbaijan will send their Foreign Minister. About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. Aliyev travels to Turkey at Erdogan's invitation On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. |