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Inclusive societies are the most peaceful and just societies. The United Nations recognizes this concept and has made the promotion of peaceful, just, and inclusive societies a priority in its Agenda 2030. To achieve this goal the UN has emphasized access to justice for all and building accountable institutions.
The recent global economic and financial crisis has once again revealed to us the crucial importance of understanding the intricacies of risk analysis and risk management applied to finance.
This course is designed for government officials, development consultants and practitioners, students of development, and those who have keen interest in governance and financial management. Nowadays, effective public financial management is considered critical in combating corruption, alleviating poverty, and ensuring the effective use of internal and external resources.
This course serves as an introduction to central banking and monetary policy. We, the public, accept as money (M): notes and coins (N&C) and bank deposits (BD). In other words we accept N&C and BD as the means of payments / medium of exchange.
Everyone negotiates something every day. Whether it is how to handle an organizational challenge, a takeover or a dispute, successful negotiation means getting what you want without offending the other party. Negotiating is not a one-off activity or a finite set of skills. It is an on-going challenge, which benefits from continual practice, analysis and review.
Public debt management is the process of establishing and executing a strategy for managing a governments' debt in order to raise the required amount of funding, achieve its risk and cost objectives, and to meet any other debt management goals that a government may have set, such as developing and maintaining an efficient market for government securities.
Transparency in public finance is a constant preoccupation of modern administrations and citizenries, as the publicity of public expenditure and borrowing, the uniformisation of national accounts, citizen participation in government decisionmaking, and the introduction of various forms of control of government activity have become the rule rather than the exception in all geographies.
With the FATF revised recommendations in 2012, requirements to combat money laundering and terrorist financing have been specifically strengthened in areas with higher risks or where implementation could be enhanced. Financial institutions and other designated sectors are required to adopt a risk-based approach to apply their resources to higher risk areas.
The derivative markets are the financial markets for derivatives, financial instruments like futures contracts or options, which are derived from other forms of assets. The market can be divided into two, that for exchange traded derivatives and that for over-the-counter derivatives.
The essence of international financial governance consists of providing support to the international monetary system that is predictable and stable and that facilitates payments for international economic transactions.