About This Event
“Know your reserves are enough and prove it in writing.”
Equips executives to assess reserve adequacy against international metrics and to formulate or revise institutional investment policy statements that will guide the reserve for years, not one budget cycle.
What You'll Explore
A drafted investment policy statement ready for governance sign-off
A reserve adequacy assessment benchmarked to IMF ARA metrics
A stress-tested view of adequacy under capital account shocks
Clear governance roles and delegation for investment policy
A comparison of your current reserve adequacy against ARA and import-cover benchmarks
Who Should Attend
Open to all qualifying staff — particularly: Governors, Deputy Governors, Reserve Management Committee Members.
Why This Course Matters
Adequacy, Not Guesswork
Benchmark reserves against ARA metrics and months-of-import-cover, not intuition.
Stress-Tested Cover
Test adequacy specifically against capital account stress, the scenario that matters most.
A Policy That Lasts
Draft an investment policy statement built to govern the institution beyond the room.
Programme
Day 1
Reserve adequacy metrics: ARA, months of import cover
Learn what each metric actually measures and where each falls short on its own.
Day 2
Reserve adequacy under capital account stress
Test reserve adequacy specifically against capital account stress.
Day 3
Investment policy statement design principles
Learn what separates a document that governs from one that just describes.
Day 4
Governance of investment policy: roles & delegation
Map where authority should sit and where it currently does not.
Day 5
Investment policy statement drafting workshop
Draft your own investment policy statement.
Standards & Faculty Benchmark
IMF Assessing Reserve Adequacy (ARA) metric
Reserve management guidelines and the Reserve Advisory & Management Partnership curriculum.
World Bank RAMP practices
Reserve management guidelines and the Reserve Advisory & Management Partnership curriculum.
The IMF's Assessing Reserve Adequacy (ARA) metric and World Bank RAMP practices are the benchmarks your reserves will be measured against internationally.
Is This Right for You?
- ☑You are responsible for reserve adequacy assessment or IPS design
- ☑Your investment policy statement needs revisiting or formalising
- ☑You sit on a reserve management committee
Good to Know
Covers adequacy assessment and investment policy end to end, useful whether you own that policy or help execute it.
The Bottom Line
Know, in writing, that your reserves are enough, and exactly what evidence backs that claim.
Recommended For
Open to all qualifying staff — particularly: Governors, Deputy Governors, Reserve Management Committee Members.