CIMA Secures Training Deal With World Bank

Thu, 19 Nov 2009

The Chartered Institute of Management Accountants (CIMA) has become the first UK-based accountancy body to sign a training agreement with the World Bank .

Under the new Quality Training Partner deal, the bank will train its finance and accounting employees at its Washington DC headquarters in CIMA's professional accountancy qualification .

Charles Tilley, chief executive of CIMA, said he and everyone else involved with the institute was delighted with the new partnership.

He said: "This is an organisation with exacting professional standards and it has a critical role in fighting world poverty."

"We feel the CIMA qualification will give the relevant people in resource management the broad-based business, and above all strategic, focus that is so essential in the bank's work in more than a hundred countries."

He added: "This agreement builds on our previous work with the World Bank, notably in Bangladesh where we are sole expert supplier to strengthen the local accounting body."

Glenn Miles, scheme coordinator and director at The World Bank, said: "We chose CIMA to support the World Bank RM Fast Track Development Program because of its unique emphasis on combining strategy and financial management disciplines."

"We want our trainees to be able to 'think, act and talk business' both from a strategic as well as from a financial perspective."
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