The Island will play host to senior officials of central banks and finance ministries from some 30 small countries next month.
They're taking part in the inaugural session of the The Small Countries Financial Management Programme.
The Isle of Man Government is helping to launch the initiative which is aimed at helping small countries respond to the global financial crisis.
The programme is designed and run by Oxford University's Said Business school but the first 10 days will be held at the International Business School on the Island.
It's claimed the global financial crisis has highlighted the vulnerability of small countries to external shocks and there is concern that some, particularly those that have developed an offshore finance sector, are vulnerable for money laundering.
Treasury Minister Allan Bell says it's a major initiative which, whilst aimed at benefitting others, could also be good for the Island.
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