Strategic planning for central banks: Delivering change, measuring success and meeting objectives
About the course
Senior central bankers will gain skills in active strategic planning in a complex and uncertain landscape. Participants will explore best practices for creating robust strategic plans that align with institutional mandates and incorporate short, medium, and long-term strategic objectives. The course will emphasize the importance of digital transformation and its role in modernising operations, while also addressing governance, resource allocation, and performance monitoring in achieving strategic priorities. Additionally, participants will learn from effective communication channels strategies to engage various stakeholders internally and externally. By the end of the course, participants will be better equipped to navigate challenges and drive organisational success through strategic alignment and adaptability.
Agenda
Welcome and context-setting
- Introductions, programme overview and learning objectives
- The evolving strategic role of central banks in a complex uncertain operating environment
Building a robust strategic plan
- Designing strategic plans with short, medium, and long-term horizons
- Translating mandates into clear and measurable strategic objectives
- Using adaptive and agile project management methodologies
The role of the board, balancing expectations and independence
- The role of boards and senior management in setting, steering, and reviewing strategy
- Aligning boards, committees, and executive teams around strategic priorities
- Funding, resource allocation, and budget oversight to support strategic delivery
The big focus: digital evolution - a strategic priority for all central banks
- Digital evolution as a strategic enabler
- A focus on increasing resilience of our systems
- Data modernisation, management, governance and analytics as institutional foundations
- Understanding the role of AI and advanced technologies in central bank operations
Strategy execution, institutional alignment, and performance monitoring
- Translating strategic priorities into departmental plans and delivery roadmaps
- Using KPIs and performance metrics to track implementation, progress and outcomes
- Breaking silos, enhancing cross-departmental deliveries, and strengthening coordination
- Assessing impact through external evaluations and internal review mechanisms
Strategic communication and evolution
- Communicating strategy internally and externally (internal tools used vs external vendor evaluations)
- Engaging boards, staff, governments and stakeholders effectively
- Treating strategy as an evolving and adaptive document and not just a static plan
Learning objectives
- Develop a comprehensive understanding of the evolving strategic role of central banks in today’s complex financial environment.
- Learn to create and implement short, medium, and long-term strategic plans that align with institutional mandates and priorities.
- Gain insights into effective governance structures and the role of senior management in steering strategy and resource allocation.
- Explore the importance of digital transformation as a strategic enabler and its implications for modernising central bank operations.
- Master performance monitoring techniques, including the use of KPIs, to assess the effectiveness of strategic initiatives and adapt to changing circumstances.
- Enhance communication strategies to engage stakeholders (internal and external) effectively and foster alignment around strategic objectives.
Who should attend
- Chief Strategic Officers
- Heads of Secretariat
- Office of Secretariat
- Heads of Communications
- Heads of Legal
- General Counsels
- Governors
- Deputy Governors
- Board Members (Executive & Non-Executive)
- Heads of Training
- Vice Presidents
- Heads of Operations
- Heads of Finance
- Heads of HR
- Heads of IT
- Managers/Directors of payments, monetary policy, financial stability, supervision and regulation departments
Registration
Coming soon
Enquire about:
- Agenda and registration process
- Group booking rates
- Customisation of this programme
Season tickets options
Accreditation
This course is CPD (Continued Professional Development) accredited. One credit is awarded for every hour of learning at the event.
