BRIDGETOWN, Barbados, CMC – The Barbados-based Caribbean Growth Financial institution (CDB) Tuesday paid tribute to its founding President, Sir Arthur Lewis, whom it described as a pioneer of regional improvement, who would have celebrated his 109th birthday at this time.
“A famend scholar, innovator, and winner of the Nobel Memorial Prize for Financial Sciences, Sir Arthur was instrumental in establishing CDB, which stays the one indigenous improvement financial institution within the area,” the area’s premier monetary establishment stated of the primary St. Lucian to function president of the Financial institution.
It stated that serving as president from 1970 – 1973, Sir Arthur performed an important function in shaping the technique and construction of the establishment and devising the insurance policies and procedures to make sure its effectiveness in selling financial improvement within the Caribbean.
“Recognising that the evolution and progress of the area would require a talented workforce, his tenure was marked by an emphasis on growing human capital, with the Financial institution prioritizing investments in schooling and abilities improvement to help financial progress. ”
The CDB stated that Sir Arthur believed collaboration and joint efforts have been important to deal with frequent challenges and demanding in fostering integration and cooperation amongst Caribbean nations.
“As President, he inspired member nations to work collectively and leverage the assets and experience of the Financial institution to realize shared targets,” the CDB stated.
The CDB, which earlier this month introduced that it had despatched its present president, Dr. Hyginus ‘Gene’ Leon, a St. Lucian nationwide on administrative go away till April this 12 months, stated that it honors the legacy of Sir Arthur “via our dedication to accelerating the social and financial improvement of Caribbean nations and our ongoing efforts to mobilize the capital and assets wanted to realize the most effective future for the Area and the folks we serve.”
Associated
