Fiscal Year 2025
Capacity Development Activities
Financial Supervision and Regulation
Onsite Inspection of Risk Management, Internal Control, ICAAP and IFRS 9
METAC provided capacity building for the on-site supervisors of the Central Bank of Egypt (CBE) during 9–13 June in onsite inspection of risk management, internal control, Internal Capital Adequacy Assessment Process (ICAAP) and IFRS 9. It presented onsite inspection methodologies to assess risk management, corporate governance, and internal control. The mission explained ICAAP philosophy, principles, and assessment methodology, presented onsite inspection methodology for IFRS 9 implementation, and illustrated the interaction between regulatory and accounting provisioning and impact on capital. The workshop was attended by 9 senior onsite supervisors who were trained in identifying gaps and room to modernize their current procedures of onsite inspection.
Real Sector Statistics
Improving quarterly GDP (QGDP) compilation and benchmarking techniques
During 28 July - 8 Aug, METAC assisted the Egyptian Ministry of Planning, Economic Development and International Cooperation (MPEDIC) with improving quarterly GDP (QGDP) compilation and benchmarking techniques and provided training on the quarterly national accounts methodology to enhance staff capacities.
