NIBM (National Institute of Bank Management) has concluded a two-week ITEC (Indian Technical and Economic Cooperation) Training program on Inclusive Banking and Finance in its Pune campus recently.
NIBM is an Indian institution for research, training, and consultancy in banking and finance situated in Pune with educational and residential facilities while ITEC is a bilateral program of assistance of the Government of India towards integrated and imaginative foreign policy.
The program saw participation from 30 representatives hailing from 28 different African and Central Asian countries including South Sudan, Mozambique, Ethiopia, Tanzania, Zambia, Madagascar, Morocco, Qatar, Uzbekistan, Kyrgyzstan, and others.
According to the representatives from NIBM, the program, which was a first of its kind conducted at the institute, saw an overwhelming response. “We had received 68 applications for the program as against the 30 participants that could be accommodated. The government has allowed NIBM to repeat the program for the remaining participants,” the representatives said.
Addressing the valedictory session, participants appreciated the course content.
“NIBM had been originally allotted six ITEC sponsored training programs by the Ministry of External Affairs, Government of India, which has now increased to seven with the current program being repeated. The number of ITEC programs was initially 4. NIBM has seen a 140 percent growth in the number of international participants over the last four years. During 2018-19, there were 1,064 international participants from over 51 countries, who attended various training programs at NIBM,” the representatives explained.