Manama: The Bahrain Institute of Banking and Finance (BIBF), the region's premier training and development provider, has signed a Memorandum of Understanding (MoU) with the Institute of Banking and Financial Training and Studies (IBFTS) in Libya. This agreement aims to enhance collaboration in education, training, and capacity building across the banking and financial services sector.
According to Bahrain News Agency, the MoU was signed by Dr. Ahmed Al Shaikh, Chief Executive Officer of the BIBF, and Ahmed Othman, General Manager of the IBFTS. The signing took place in the presence of senior officials from both institutions.
Through this strategic partnership, both parties will work together to develop and deliver joint training programmes tailored to the evolving needs of the banking and financial industry. The collaboration will also facilitate the exchange of expertise, knowledge, and best practices in professional education. Additionally, it will explore opportunities for student and staff exchanges, as well as workshops and conferences.
Dr. Ahmed Al Shaikh stated that the MoU reflects a commitment to strengthening regional cooperation in financial education and professional development. By collaborating with IBFTS, the goal is to foster the growth of highly skilled professionals who will drive the development of the financial sector in both countries.
Ahmed Othman expressed delight in formalising the partnership with BIBF, a leading institution in the region. He noted that this collaboration will provide students and professionals in Libya with access to expertise, innovative training, and opportunities for knowledge exchange, contributing to the country's financial sector growth and resilience.
This agreement is part of BIBF's mission to expand its regional and international partnerships, supporting sustainable development goals through education and human capital development.