BRIDGETOWN, Barbados, CMC—The Caribbean Growth Financial institution (CDB) is internet hosting the 2024 Multilateral Growth Banks (MDB) Chief Danger Officers (CRO) Discussion board, which opened right here earlier this week. The Discussion board will collect over 20 senior threat administration professionals for intensive session.
The 2-day occasion offers a singular platform for the CROs to share methods for supporting the long-term sustainability of their establishments via collective experience and strategic dialogue.
The agenda is concentrated on advancing threat administration practices, fostering knowledge-sharing, and enhancing dialogue amongst taking part establishments.
The periods cowl important subjects corresponding to current developments in local weather threat, private and non-private sector views on local weather threat devices, and improvements in MDB threat administration.
The discussions can even handle the potential dangers and purposes of synthetic intelligence in threat administration and points impacting threat administration in battle nations.
In his opening handle, CDB Appearing President Isaac Solomon described the Discussion board as important for creating extra resilient, progressive, and adaptive multilateral multilateral monetary establishments.
Citing the present worldwide monetary local weather, Solomon mentioned, “At a time when the worldwide monetary panorama is fraught with uncertainties, our position in guaranteeing monetary stability and enhancing threat administration is now extra important than ever. The challenges we face are quite a few and sophisticated, starting from geopolitical tensions to local weather change, from financial instability to technological disruptions.”
“Your presence demonstrates a shared dedication to enhancing our capabilities to handle dangers successfully, to make sure monetary stability, protect our establishments’ credit score scores, and to drive sustainable growth throughout our areas,” he added.
Present Chair of the MDB CRO Group, Rachel Robboy of IDB Make investments, mentioned, “Steadiness sheet optimization and dealing collectively as an MDB ecosystem are entrance and middle on the CRO threat agenda as we share greatest practices, classes discovered, improvements, and alternatives to generate influence and handle threat.”
The chief threat officer of CDB, Stefano Capodagli, famous that the 2024 MDB CRO Discussion board underscores the important significance of threat administration in at this time’s complicated international monetary atmosphere.
“By bringing collectively a few of the brightest minds in threat administration, CDB reaffirms its dedication to fostering collaboration and innovation on this important space. This Discussion board not solely strengthens partnership amongst taking part establishments but additionally contributes to the broader purpose of sustainable growth throughout the Caribbean and past,” he mentioned.
Established in 2013, the CRO Discussion board is held yearly to facilitate enhanced collaboration amongst MDBs on threat administration methods, responses to international points, and mobilizing sources. Insights and initiatives rising from the occasion improve the resilience and stability of MDBs globally and contribute to the broader purpose of sustainable growth.
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