The Arab Monetary Fund (AMF), in cooperation with the World Bank Group, will hold a seminar in Abu Dhabi, UAE, focusing on capability-building of employees of Yemen’s Central Bank in payment systems. The course discusses the concepts of modern payment systems, the link between these systems to achieve financial stability and enhance financial coverage, and provides the latest developments in this regard. The seminar will also address the requirements for building the legislative and institutional framework of payment and settlement systems in Yemen, in which employees will be introduced to the tasks and their responsibilities and roles, based on best practices and international experiences. In addition, the seminar will discuss managing payment systems, especially the Real-time gross Settlement (RTGS) system, and identifying the requirements for developing such a system. It will also discuss how to use and supervise electronic payments for government services. The course program will provide practical training for the Bank staff in the areas of interest to the infrastructure of payment systems, which will result in accurately assessing the Bank’s needs, as a first step towards prioritizing the technical support in the construction of the national payments system in Yemen. AMF Chairman Abdulrahman al-Humaidi explained that the seminar comes in a timely manner in light of the establishment of a new department specialized in payment systems at Yemen’s Central Bank. Through seminar, Humaidi explained, the Fund was keen to provide a vision of the structure of the department and the responsibilities and roles assigned to its members, based on best practices and international experiences. The course will also discuss how to manage payment systems, especially the RTGS system and the requirements for developing such a system, as well as discussing how to use electronic payments in government services, thereby enhancing transparency and efficiency, he concluded.