Managing reserves is one of the key functions of the central banks.  This Seminar provides a platform for discussion of policy issues relating to the alternative investment for foreign exchange and other asset classes or instruments.  It addresses the issues relating to the appropriate investment strategy for reserves portfolios, including building internal capacity and resources, using private sector financial services and communicating with external stakeholders.

Objectives: At the end of the Seminar, participants will be able to: (i) describe the criteria for assessing foreign exchange reserves adequacy; (ii) develop a framework for analysing alternative investments opportunities and new asset classes/instruments (iii) identify the appropriate risk/return trade-off and ways to improve returns while controlling downside risk; (iv) explain critical factors in developing in-house capacity and governance structure to decide on the appropriate strategic asset allocation; and (v) develop a strategy for communicating with external stakeholders.

Resource Persons: The Seminar will be led by senior officials from the World Bank, international financial institutions and central banks.

Target Group: The Seminar is designed for central bank officials whose work involves supervising and managing the reserve/portfolio (FX) management functions of central banks at operational and technical level.