The Institute of Management and Leadership
Development (IMLD) at UTAR, in collaboration with the Institute of Finance
Management (IFM), Tanzania, organised a training programme on “Mastering
Budgetary Pressures: Strategies for Financial Resilience” from 29 October
2024 to 6 November 2024.
The programme was specifically designed for the
delegates of the Ministry of Finance, Tanzania, focusing on empowering them
with essential financial management and budgeting strategies. The programme
commenced with a warm welcome and briefing by IMLD Director Prof Dr Cheng
Ming Yu, who highlighted the significance of the event in fostering
international collaboration and sharing best practices in financial
resilience.
The training featured an engaging mix of theoretical
sessions, workshops, assignments, and field visits. Participants explored
budgeting fundamentals, controls, and forecasting techniques at the
training. Through interactive group discussions, they shared their
experiences and tackled common budgetary challenges. Workshops provided the
participants with knowledge of budget strategy and sustainable budgeting
frameworks, preparing them for practical challenges in strategic financial
planning. The delegates also visited the Private Pension Administrator (PPA)
Malaysia and Bank Negara Malaysia, which highlighted innovative technologies
in budget management.
The programme concluded with a reflection session,
followed by a certificate presentation by Prof Cheng. This programme marked
a significant milestone in fostering international partnerships with
Tanzania, strengthening ties between the two economies while promoting
knowledge exchange and capacity building in public financial management.
Prof Cheng (front row, third from
right) with trainers and participants
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