RegulationAccounting StandardsWorld Bank and CIMA strike training deal

World Bank and CIMA strike training deal

CIMA wins training deal with World Bank

The first ever agreement between an accountancy body and the World Bank has
been struck.

World
Bank
will train its finance and accounting employees in
CIMA’s
qualification.

The designation awarded to the bank is CIMA Quality Training Partner, the
institute’s first agreement struck in the US.

Before the deal was struck a team from World Bank came to the UK to visit
existing Quality Training Partners and assess the appropriateness of CIMA and
its qualification. Previously, its links with UK-based institutes have not
included training staff in a professional qualification in the bank’s
headquarters.

“This agreement builds on our previous work with the World Bank, notably in
Bangladesh where we are sole expert supplier to strengthen the local accountancy
body,” said CIMA chief executive Charles Tilley.

“We chose CIMA to support the World Bank RM Fast Track Development Program
because of its unique emphasis on combining strategy and financial management
disciplines,” said Glenn Miles, budget director, corporate finance and risk, The
World Bank and scheme coordinator.

“The World Bank has a complex business model and a critical mission. We want
our trainees to be able to ‘think, act and talk business’ both from a strategic
as well as from a financial perspective.”

Further reading:

CIoT lobby win for HMRC ‘equitable
liability’ extension

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