Sortie de la 11e promotion des professionnels du marché financier

Graduation of the 11th class of financial market professionals

financial market stock market

The 11th class of financial market professionals graduated last Monday in Algiers, at the end of a training course organized by the Commission for the Organization and Supervision of Stock Market Operations (Cosob) in collaboration with the Banking Training Institute (IFB).
The ceremony took place in the presence of the Minister of Finance, Laaziz Faid, the Minister of Communication, Mohamed Laâgab, the general directors of public banks and insurance companies, in addition to a number of executives from the financial sector.
Speaking on this occasion, Mr. Faid affirmed that “the graduation of a host of executives constitutes a grandiose achievement which adds to the path of development and modernization of the financial market in Algeria being one of the main levers of sustainable economic development.”
Mr. Faid said that this promotion is marked by the participation, “for the first time” of journalists, noting that this approach is part of “our commitments aimed at strengthening financial culture as a tool contributing to the achievement of financial inclusion and the consolidation of transparency.”
Recalling that this training aims to strengthen the skills of participants including executives from banks, the Bank of Algeria, and the insurance sector, the minister considered that “their remarkable presence reflects the growing interest in financial markets and reflects the dynamics that Algeria is experiencing.”
For his part, Mr. Laâgab highlighted the importance of continuing training for journalists and their role in popularizing concepts, also insisting on the continuation by the Commission for the Organization and Supervision of Stock Market Operations (Cosob) of the organization of this type of training for the benefit of journalists.
For his part, the president of Cosob, Youcef Bouzenada, said that Cosob launched this year, in collaboration with IFB, three new training programs concerning the revitalization of stock exchange points, compliance with the program for the prevention of money laundering and the financing of terrorism, as well as training in the activity of participatory investment advisors.
Regarding the annual classification of economies, carried out by the World Bank (WB), Mr. Faid welcomed the “tangible” improvement in Algeria’s ranking, thanks to the improvement in gross national income (GNI) per capita, rising from 3,900 dollars to 4,960.
Manel Z.