Cairo: The Central Bank of Egypt (CBE) has announced a partnership with the Central Bank of Djibouti (CBD) to conduct a comprehensive training programme for CBD officials. The initiative aims to enhance the operational capabilities of the CBD by focusing on crucial areas such as Egypt’s International Transactions Reporting System (ITRS), letters of credit, and payment processing.

According to State Information Service Egypt, the training sessions held from 28 to 30 October provided participants with an in-depth understanding of these essential systems. The CBE organized virtual courses that addressed various banking-related topics, including Bank Restructuring and Banking Resolution, Implementing International Standards for Anti-Money Laundering and Combating the Financing of Terrorism, Stress Testing, and the Transitioning to the ISO 20022 Swift Messaging System.

The programme, facilitated by the Arab Academy for Management, Banking and Financial Sciences (AAMBFS), aimed to equip CBD officials with the nec
essary knowledge and skills to navigate evolving global financial standards and regulatory requirements. The Djiboutian delegation praised the quality and organization of the training sessions and expressed interest in future collaborations to strengthen knowledge exchange between the two institutions.

In addition to this collaboration, the CBE recently hosted delegations from Zambia and Eswatini, showcasing initiatives in sustainable finance and promoting micro, small, and medium enterprises (MSMEs). These efforts highlight the CBE’s commitment to sharing expertise and developing financial sectors across African nations.