(ZIZ News) – Officer-in-Charge of the Private Sector Development Unit at the Caribbean Development Bank (CDB), Peter Blackman, is of the view that investments in human resource development and training are critical enablers to achieving national and regional goals for social and economic development.
Blackman’s remarks came on Monday at the opening of a four-week training programme for financial institutions, organised by the CDB, in collaboration with the Development Bank of St. Kitts and Nevis.
“CDB also views training as a critical tool for improving the productive capacity within its borrowing member countries as a means of responding to the demands of a competitive and changing social and economic environment,” Blackman stated, noting that “there’s also the recognition of the need for a continuous learning among staff within financial institutions to ensure that they are adequately equipped with knowledge and problem solving techniques critical to their professional development.”
He said the goal is to promote sustainable financial institutions throughout the OECS region.
“The overall objective of the training is to build institutional capacity across key operational areas within the financial institutions represented here by promoting and improving the quality of credit underwriting, management and administration, risk management and the cultivation of a management philosophy that emphasizes building of sustainable financial institutions,” the CDB official said.
Participants are drawn from five member countries of the Caribbean Development Bank, namely St. Vincent and the Grenadines, Grenada, Belize, Dominica and host Country St. Kitts and Nevis.