while harmonisation of laws is a long - term goal, in the interim, the development of regional guidelines for insolvency practitioners can provide a consistent framework for managing cases across borders. these guidelines can address practical issues such as documentation standards, timelines for resolution, and cross - border coordination mechanisms. establishing regional centres for insolvency research and training can serve as a knowledge hub for policymakers, practitioners, and academics. such centres could provide standardised training programmes, publish regional studies, and host annual conferences to foster collaboration. such a centre can house a regional repository of case studies and best practices can provide valuable insights for policymakers and practitioners. this repository could include data on successful restructuring efforts, lessons learned from past failures, and innovative approaches to insolvency management. 3. incorporating climate resilience climate change is an existential threat to our region, and our insolvency systems must reflect this reality. governments and financial institutions should collaborate to develop climate - resilient financial products ( like green recovery plans ) and insurance schemes ( like standstill clauses ) that can mitigate the economic fallout of natural disasters. additionally, stress - testing for climate scenarios should become a standard practice across the region's financial sector. collaborating with international climate funds, private investors, and multilateral institutions can provide the financial resources needed to implement climate - resilient insolvency mechanisms. barbados has already begun to leverage such partnerships to support green finance initiatives, setting a benchmark for the region. 4. strengthening institutional frameworks national governments must prioritise investments in the infrastructure needed to support insolvency processes. this includes not only physical infrastructure such as courtrooms but also human capital development, ensuring that our judges, lawyers, and insolvency practitioners have access to world - class training. conclusion in closing, i want to thank insol international, the world bank, and the eastern caribbean central bank for organising this platform. your efforts in bringing together experts and policymakers will undoubtedly shape the future of insolvency reform in our region. let us leave this roundtable inspired, committed to action, and united in our vision for a stronger caribbean. together, we can overcome any challenge and build a brighter future for our region. thank you. 5 / 5 bis - central bankers'speeches

skills development administration ( tesda ), the bsp will develop a financial literacy course, [ which will be ] a massive open online course offered in the tesda online program. through this course, we can further expand our reach to over four million technical - vocational education and training learners. the digital landscape and the digital payments transformation roadmap the bsp advocates for ( i ) digital financial services through its policy work and ( ii ) digital financial literacy through its advocacy work. under the bsp's digital payments transformation roadmap, we aim to have half of all retail transactions go digital by 2023 and 7 in 10 filipinos to own formal transaction accounts. the bsp is on track to reach these targets through its trifecta of financial inclusion, financial education, and consumer protection programs and policies. in cooperation with our partners, the bsp also executes digital literacy campaigns and embeds cyber hygiene lessons in our fin - ed training programs. so, what can you expect in the next five days of the fined expo? this afternoon, we will hear from our government agency partners as they share their fin - ed milestones and programs. on tuesday afternoon, we will learn about digital payments, qr ph [ national quick response code standard ], and digital banking in our panel discussions. on wednesday morning, we will also learn about responsible debt management and strategies to get out of debt for filipinos from all walks of life. this will be followed by a learning session on financial planning and risk management in the afternoon, featuring stories of financial struggles and successes from our surprise guests. join us on thursday afternoon as experts discuss investment options, such as government saving programs, retirement accounts, and stocks, as well as the regulators'take on virtual assets and nfts [ non - fungible tokens ], among others. finally, we culminate the expo on friday by showcasing examples of innovative financial education initiatives : ( i ) a financial education talk show for families, ( ii ) a livelihood program for persons with disabilities, and ( iii ) an online financial literacy campaign for filipino adults. 3 / 4 bis - central bankers'speeches for our registered participants, come and visit the learning resource center on the expo app to access and download the bsp's materials on economic and financial education for free. we invite you to visit the exhibit hall and fill in your virtual passports for a chance to win exciting prizes. this year, we also added expo - themed