Financial Management & Disbursement for World Bank Projects Training in Dubai

Program Date

25 Nov 28 Nov 2024

Program Location

Dubai, UAE

Program Venue

Studio M Arabian Plaza

Registration & Payment Deadline

30 Sep 2024

Program Overview

Proper Oversight and sound management of financial resources are critical for the success of every development project. Timely and precise financial data are indispensable for effective decision-making, as well as for corrective action by project management staff. By tracking financial indicators, one can enhance the prospects of timely completion of deliverables within the planned project budget. With donor-financed projects, the financial management system usually follows a structured guideline that dictates a comprehensive and transparent directory of standards. However, many find adherence to such guidelines difficult and daunting.

This short-term intensive training course will focus on the financial management of World Bank-funded Projects and provide in-depth information regarding its documentation requirements, Financial Management Cycle, Planning, Budgeting & Reporting. Upon the completion of the program, its participants will have a comprehensive understanding of the World Bank’s project financial management guideline and the directory of standards.

Target Audience

Financial Management & Disbursement for World Bank Projects Training in Dubai, UAE is an ideal suit for all professionals involved in the mid and top-tier management level of World Bank funded projects. Some of the roles include:

  • Financial Managers and analysts
  • Finance officers and examiners
  • Project Management Staff
  • Budget Planners & Analysts
  • Finance, Accounting and Budgeting professionals willing to work on the World Bank-funded projects in the near future.

Program Objectives

Upon the successful completion of Financial Management & Disbursement for World Bank Projects Training in Dubai, UAE, the attendees will have a deep understanding of every major aspect following the projects funded by the World Bank Group. The delegates will be able to participate and fully comply with donor requirements per se. Upon the successful completion of the program, the participants shall be able to:

  • Follow and adhere to Financial Management Guidelines of Projects financed by the World Bank
  • Meet the Documentation Requirements of the Donor
  • Administer Planning, Budgeting, and Reporting of projects funded by the World Bank
  • Comprehend the Audit Process of World Bank-Funded Projects
  • Appreciate the responsibilities of the borrower and the donor
  • Understand Legal Aspects of World Bank-Funded Projects
  • Define and Analyze the Funding Structure and Strategies for World Bank Projects.

Program Contents

First Day

  • World bank Project cycle and Project documentation
  • World bank project financial Management Guidelines and borrower responsibilities
  • Project Interim Financial Reporting and its Cycle
  • Internal control
  • Planning and budgeting
  • Project Accounting system
  • IFRS and its characteristics
  • Annual Financial reporting

Second Day

  • Internal Audit control & Arrangements
  • Skills on project Financial Management system
  • Disbursement policies and procedures statement of Expenditure
  • IFRS- Based disbursement
  • Legal issues during the loan duration
  • Inventory, depreciation, capitalized interest
  • Minority interests and consolidation
  • Exceptional and material items

Third Day

  • A detailed review of the balance sheet including the explanation of all significant accounting terminology
  • Understanding the fixed assets note
  • Accounting goodwill – what is it?
  • Liabilities, pension fund accounting
  • Debt and other liabilities like debt
  • Deferred tax, contingent liabilities
  • Overview of the International Accounting Standards Board
  • The implications of the IAS Initiative

Fourth Day

  • Review of new standards produced in the last five years
  • Present and future values
  • Perpetuities and annuities
  • Introduction to project analysis
  • Identifying the key risk areas
  • The essential aspects of the management task
  • The issue of spreadsheet risk
  • Overview of the forecasting process
  • The relationship between organization risk and financial risk
  • Identifying appropriate funding structures
  • Recognizing the drivers of funding strategies.

Program Methodology

The presenter will use various modern adult-learning techniques in order to achieve successful results for the attendees. The Focus will be made on practical activities and tools, in order to ensure the instant appliance of material covered. The methods used will include presentation, open discussion, group assignments, individual tasks and exercises.  The consultant will encourage maximum participation of delegates and request feedback after every session in order to improve the delivery of program content.

Program Fee

Payment Options

Fee Covers

  • Visa Assistance (complementary)

  • Participant Assessment

  • Airport Pickup

  • Accommodation

  • Wi-Fi

  • Welcome Dinner

  • Breakfast

  • Workshop Kit

  • Program Materials

  • Program Experts

  • Practical Activities

  • Lunch

  • Refreshments

  • Interactive workshop

  • City Map & Direction

  • Risalat T-shirt

  • Field Visit

  • Program Certificate

  • Entertaining Tour

  • Program Report