FIVE DAYS TRAINING ON RISK ANALYSIS LAUNCHED
By Our reporter,
The
five days training for Southern African Development Community
Development Finance Institutions (SADC-DFIs) that aims at assisting
participants in applying a risk management framework in the execution of
their duties, while developing risk management policies, procedures and
methodologies for their institutions, particularly with respect to
credit risk was launched at the Double Tree Hotel in Dar es Salaam.
Speaking during his welcoming remarks, the TADB’s Acting Managing Director, Francis Assenga said that risk is a key issue that constraint development of projects to lack
access to short, medium and long term finance for production,
processing, value addition, and infrastructure for agriculture sector
because they are considered with high risk by the financial community.
Mr.
Assenga said that this attitude has hampered the development of
appropriate financial services and products to agriculture sectors, and
limited penetration of micro-finance and bank finance for agricultural
sector for the required agriculture transformation for the achievement
of sustainable food self-sufficiency, food security and support to
subsistence/smallholder farmers to commercial to effectively contribute
to economic growth and poverty reduction.
“I request you to concentrate in these five days since you will
focus on the concepts, tools and techniques of credit risk management,
but you will also deal with aspects of market and operational risk that
you will use in credit risk
mitigation, especially through utilizing credit guarantee facilities,
group lending/joint accountability arrangements, insurance policies and
other similar arrangements,” he said.
On
his part, the Chief Executive Officer for Southern African Development
Community - Development Finance Resource Center (SADC- DFRC), Mr. Stuart
Kufeni said that the training is conducted to fulfill its mandate by
offering training through technical and capacity building support, as
well as policy research and advisory services.
“This
training is in line with the DFRC’s mandate which is to promote the
effective mobilization of resources by the financial sector, in
particular the DFIs, for investment in key areas with the potential to
stimulate growth, generate employment and alleviate poverty, in line
with the objectives of SADC,” he said.
He
added that the overall approach under this programme is to develop
on-the-job capacity building interventions and other training programmes
directed at institutional effectiveness and enhancement of the skills
base of the DFI Network members. To this end, the DFRC uses secondments,
technical assistance, workshops and seminars, placements on external
training programmes, and other ad hoc interventions.
Moreover,
through these interventions, the DFRC supports the strategic and
organizational processes of the DFIs, their processes and systems, as
well as develop and enhance skills of their staff in core areas.
“The
programme will also explore best practice in institutional arrangements
for risk management in DFIs and related institutions; ultimately, the
aim of the capacity building programme is to achieve institutional
strengthening and operational effectiveness of the DFIs, while
supporting financial sector strengthening and reform in the SADC
region,” said Mr. Kufeni.
According
to training facilitator, Mr. Siyanga Malumo, the workshop has a highly
interactive delivery method ensuring involvement of all of the
delegates. A number of practical case studies will be used to test and
reinforce key learning points.
“The
programme is targeted at middle to senior managers involved in credit
risk assessment and management, including business and project analysts
with a responsibility for risk management,” he said.
The
SADC-DFRC is a SADC institution established under the SADC Principle of
Subsidiarity. It is collectively ‘owned’ through a Trust by the
SADC-DFI Network as its ‘self-help’ organisation. Only the 29 members of
the DFI Sub-committee that have signed the MOU of May 2000 are members
of the Network.
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