Wealth Management by

MoF holds a training workshop for UAE nationals at IFC

June 23, 2014 2:20 pm

The Ministry of Finance (MoF), represented by the International Financial Organizations Department, recently held a workshop to introduce ministries and federal entities to the training and development opportunities available to UAE nationals.

The workshop was held as part of an agreement between the Ministry of Finance (MoF) and the International Financial Corporation (IFC) to develop the skills and knowledge of UAE national employees and in line with MoF’s commitment to strengthen its bonds of cooperation with various ministries and federal entities in the UAE.

The workshop was held in the Ministry’s headquarters in Dubai and attended by Deepak Kuna, Investment Executive Director at IFC, a member of the World Bank Group, in addition to 50 employees from the Ministry of Environment and Water, the Ministry of Labour, the Ministry of Public Works, the Ministry of Culture, Youth and Community Development, the Ministry of Education, the Ministry of Health, the Ministry of Economy and the Ministry of Energy., A number of MoF employees also participated in the workshop.

At the beginning of the workshop, HE Saeed Rashid Al Yateem, Assistant Undersecretary of Resources and Budget Sector at MoF welcomed all participants and stressed the importance of strengthening collaboration between the UAE and the World Bank Group, to develop the skills and expertise of nationals across the country.

The workshop also provided participants with the opportunity to discuss potential cooperation in regards to the training and development of UAE nationals, with the IFC. In addition, the workshop included a presentation from the IFC about the Corporation’s tasks and responsibilities, its goals and approved training processes and programmes.

Commenting on this workshop, HE Saeed Rashid Al Yateem, Assistant Undersecretary of Resources and Budget Sector at MoF, said: “The MoU signed between the Ministry and IFC represents the launch of a new phase of training and career development in the field of government financial work, which is led by the Ministry.”

HE Khalid Ali Al Bustani, Assistant Undersecretary of International Financial Relations Sector at MoF highlighted that the Ministry seeks to take advantage of the services offered by IFC to train and develop UAE nationals. Any federal government body which wishes to provide IFC training programmes to its employees, must first contact MoF, which will in turn liaise with the IFC to sign the training agreement between the Corporation and the entity.

The MoU, which was signed last April during the IMF and World Bank’s semi-annual meetings in Washington, stipulated that federal government employees should work in technical jobs from 6 months to 2 years to gain IFC expertise and improve their work.