Khartoum — The Central Bank of Sudan (CBOS) is due to inaugurate the national project for microfinance's officers on Sunday at the Friendship Hall under auspices and honor of the First Vice President of the Republic, Ali Osman Mohamed Taha.

The project is designed to train 1000 graduates for a period of 6 months to work as officers in the field of microfinance and to evaluate microfinance projects at the commercial banks.

The initiative came from the Bank of Sudan in line with its policy aiming at expansion and spread of microfinance operations overall Sudan as well as to contribute to the capacity building of banks to provide microfinance service at the global pattern to the beneficiaries in accordance with the CBOS strategic axes for the period (2012-2016).

The Central Bank of Sudan also aims at capacity-building and training to fill the shortage of the bankers specializing in dealing with the beneficiaries, in addition to training on preparation of feasibility studies for microfinance projects of privacy and specialization.

The training program prepared for the microfinance officers and feasibility studies contains three major training suitcases in the basics of the work of banks and microfinance operations on selection and evaluation of projects for 6 months, covering the period of training field which will be at the branches of banks.

So that agreement was reached with Sudan Academy for Banking and Financial Sciences to conduct training courses.

The Bank of Sudan addressed the banks to nominate officers of microfinance (two for each branch) to cover their branches in Sudan according to specific specializations. CBOS also ensured to bear the expenses of training to encourage the project as well as the salaries of the officers for two years after which the banks are to pay their expenses as their employees.