Working with the Ministry of Finance to review governance and risk management
A big part of the Tunisian economy is tourism. In 2015, terrorists repeatedly attacked tourists, initiating a rapid economic decline. Three of the largest local banks – representing a third of the Tunisian deposit market – had to be nationalised.
The Tunisian Ministry of Finance (MoF) requested UK technical and governance support and we were asked to review existing governance arrangements by the UK Department for International Development (DFID).
We created an extended training programme for the Tunisian Public Banks Monitoring Unit and a shorter course for non-executive directors. Both programmes combined technical knowledge and soft skills with real-life practical learning.
We worked with two local institutes, enabling us to combine our international perspective with their local expertise. This was crucial to the success of the training.
Our solution also included:
- detailed diagnostics to ensure it was fit for purpose and met precise needs
- 13 modules and six soft skills sessions
- additional technical support for a new five-year framework for public sector banks in Tunisia.
Those who took part in the programme reported being:
- more confident
- better able to think strategically
- more knowledgeable about internationals standard for governance, risk management and regulation.
More recently, our Tunisian partners have asked us to help during the Covid-19 crisis. We responded with a tailored programme covering all aspects of bank governance in a crisis.
After the first session, Adnan Gallas, Director of the Institut de Financement du Développement du Maghreb Arabe (IFID) said:
“I thank the entire LIBF team for their efforts during this difficult period for having managed to put in place in a short time an ambitious and highly interesting project for all stakeholders. This project will create a kind of brainstorming, a dynamic of positive and collective reflection that can only be beneficial.”
See our infographic.
Working with the Ministry of Finance to review governance and risk management
A big part of the Tunisian economy is tourism. In 2015, terrorists repeatedly attacked tourists, initiating a rapid economic decline. Three of the largest local banks – representing a third of the Tunisian deposit market – had to be nationalised.
The Tunisian Ministry of Finance (MoF) requested UK technical and governance support and we were asked to review existing governance arrangements by the UK Department for International Development (DFID).
We created an extended training programme for the Tunisian Public Banks Monitoring Unit and a shorter course for non-executive directors. Both programmes combined technical knowledge and soft skills with real-life practical learning.
We worked with two local institutes, enabling us to combine our international perspective with their local expertise. This was crucial to the success of the training.
Our solution also included:
- detailed diagnostics to ensure it was fit for purpose and met precise needs
- 13 modules and six soft skills sessions
- additional technical support for a new five-year framework for public sector banks in Tunisia.
Those who took part in the programme reported being:
- more confident
- better able to think strategically
- more knowledgeable about internationals standard for governance, risk management and regulation.
More recently, our Tunisian partners have asked us to help during the Covid-19 crisis. We responded with a tailored programme covering all aspects of bank governance in a crisis.
After the first session, Adnan Gallas, Director of the Institut de Financement du Développement du Maghreb Arabe (IFID) said:
“I thank the entire LIBF team for their efforts during this difficult period for having managed to put in place in a short time an ambitious and highly interesting project for all stakeholders. This project will create a kind of brainstorming, a dynamic of positive and collective reflection that can only be beneficial.”
See our infographic.