By Nibal Zgheib
The European Bank for Reconstruction (EBRD) is supporting Morocco’s financial system by launching a capital markets e-learning programme in association with Intuition, a digital financial learning provider. The EBRD initiative offers participants the opportunity to update their capital markets knowledge and skills.
The programme was launched in cooperation with the Moroccan Ministry of Economy and Finance, the Moroccan Capital Market Authority (AMMC) and the Casablanca Stock Exchange (CSE). Financial-sector organisations in Morocco can find details on joining the programme at www.capitalmarketselearning.com.
Morocco already has a fairly well-developed legal and regulatory framework and infrastructure for capital markets. However, the COVID-19 pandemic has exposed a need to upgrade skills in risk management and pricing. It has also highlighted digital learning as a solution that can develop the knowledge of a large number of people in their own time, at their own pace.
Participants from partner organisations will gain access to a wide range of course content in French and English that will enhance their capital markets and risk management skills. This will enable them to make a significant contribution to the development of Morocco’s financial sector.
Those who avail of the service can expect to learn principles and best practices in all aspects of capital markets:
- managing and pricing credit risk
- raising funds from investors through fixed-income and money markets
- understanding and appealing to the institutional investment market
- identifying the benefits of derivative financial instruments
- exploring the potential of Islamic finance and fintech
- recognising the principles behind environmental, social and governance investments.
Speakers at the virtual event to launch the programme included Deputy Director of Treasury and External Finance at the Moroccan Ministry of Economy and Finance; Nouaman Alaissami, Director of the Support and Development Division at the AMMC; , Hicham Elalamy, Director of Strategy & Transformation at the CSE; Badr Benyoussef, Head of Morocco at the EBRD Antoine Sallé de Chou and Director, Capital Markets Development at the EBRD, Alex Pivovarsky.
Participants’ progress will be tracked on a learning management system and those who complete their designated study modules will receive a certificate of completion. This will place participants in a strong position to pursue local qualifications with accrediting bodies, such as the AMMC.
Morocco is a founding member of the EBRD and became an investee economy in 2012. To date, the EBRD has invested more than €3 billion(US$3.4billion) in the country through 78 projects.
