The Caribbean Growth Financial institution (CDB) is internet hosting the 2024 Multilateral Growth Banks (MDB) Chief Threat Officers (CRO) Discussion board which opened on September 9, 2024, in Bridgetown, Barbados, bringing collectively over 20 senior threat administration professionals for intensive session.
The 2-day occasion gives a singular platform for the CROs to share methods for supporting the long-term sustainability of their establishments by way of collective experience and strategic dialogue. The agenda is targeted on advancing threat administration practices, fostering knowledge-sharing, and enhancing dialogue amongst taking part establishments.
The periods cowl vital matters corresponding to latest developments in local weather threat, private and non-private sector views on local weather threat devices, and improvements in MDB threat administration. The discussions will even deal with each the potential dangers and purposes of synthetic intelligence in threat administration and points impacting threat administration in battle international locations.
In his opening deal with, CDB Performing President, Isaac Solomon described the Discussion board as vital for creating extra resilient, revolutionary, and adaptive multi-lateral monetary establishments. Citing the present worldwide monetary local weather, Solomon stated, “At a time when the worldwide monetary panorama is fraught with uncertainties, our function in guaranteeing monetary stability and enhancing threat administration is now extra vital 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.”
He added, “Your presence demonstrates a shared dedication to enhancing our capabilities to handle dangers successfully, to make sure monetary stability, protect our establishments’ credit score rankings, and to drive sustainable improvement throughout our areas”.
Present Chair of the MDB CRO Group, Rachel Robboy of IDB Make investments stated, “Stability sheet optimisation and dealing collectively as an MDB ecosystem are entrance and centre on the CRO threat agenda as we share greatest practices, classes discovered, improvements, and alternatives to generate affect and handle threat.”
Chief Threat Officer of CDB, Stefano Capodagli stated, “The 2024 MDB CRO Discussion board underscores the vital significance of threat administration in at the moment’s advanced world monetary setting. By bringing collectively a few of the brightest minds in threat administration, CDB reaffirms its dedication to fostering collaboration and innovation on this very important space. This Discussion board not solely strengthens partnership amongst taking part establishments but additionally contributes to the broader aim of sustainable improvement throughout the Caribbean and past.”
Established in 2013, the CRO Discussion board is held yearly to facilitate enhanced collaboration amongst MDBs on threat administration methods, responses to world points, and mobilising assets. Insights and initiatives rising from the occasion serve to boost the resilience and stability of MDBs globally and contribute to the broader aim of sustainable improvement.
