Emerging and transition economies are seeing increasing demand for the acquisition of financial know-how. Knowledge sharing helps countries build up human capital, and for the Luxembourg Government, it is an effective method of delivering both development assistance and creating goodwill.
Since 2016, the House of Training-ATTF has been responsible for both financial training and technology transfer. Its assistance programmes are supported by the Luxembourg Government and provided to over 40 selected country partners around the world. Through its work the House of Training-ATTF serves a dual purpose, highlighting Luxembourg’s finance expertise and strengthening the financial sectors of the country partners it works with by building capacity and supporting sustainable development.
It does this through the transfer of knowledge and competence in financial services through:
- High quality seminars and training, both in Luxembourg and around the world,
- technical assistance, consultancy, and coaching (where learning needs go beyond the “regular classroom”).
In almost all cases, the training is delivered by experienced, Luxembourg-based financial centre practitioners. In a typical year, the House of Training-ATTF organises some 100 sessions abroad and up to twenty in Luxembourg for the purpose of technology transfer, opening doors to valuable learning opportunities and increasingly also certifications, many to an internationally recognised standard.
The work carried out by the House of Training-ATTF on behalf of the Luxembourg Government is an investment that benefits all parties. The relationships developed through training activities provide contacts and develop goodwill between banks and bankers in both Luxembourg and its partner countries
The work carried out by private sector experts on behalf of the House of Training (ATTF) is a showcase for sharing know-how from the Luxembourg financial centre. Through the support provided by Luxembourg’s Government, it has built up longterm relationships and has provided valuable support and assistance for the development of financial sectors in many of the countries it has worked with.