February 29, 2012 No. 9/12-G CDB Funds Publication on Risk Management in Financial Institutions The Caribbean Development Bank (CDB), in partnership with the Multilateral Investment Fund (FOMIN) of the Inter-American Development Bank, has funded the research for a new publication entitled "Exogenous Risk Management in Financial Institutions That Serve the Most Vulnerable Segments of the Population". The document includes a best practices manual and case studies of experiences of microfinance institutions in Latin America and the Caribbean. The work draws on the experience of the Caribbean Technical Support Facility (CTSF), an ongoing programme which was designed to strengthen the risk management capabilities of microfinance institutions in the Latin America and the Caribbean region in the area of disaster mitigation, and to which CDB is also a contributor. Coordinator of the CTSF, Ms. Lisa Harding, indicated that "the publication, is not only of great importance to microfinance institutions, but also presents an excellent opportunity for them to work with their clients on mitigating against vulnerabilities, recognizing the existence of threats, and recommending strategies on how to improve their condition in the event of a natural disaster". A copy of the publication is available in the CDB Information Services Centre.