Concurrently, some of our staff have had the opportunity to attend on-the-job training in Germany as well. I seize this opportunity to commend the Bundesbank for partaking its expertise with our staff. Ladies and gentlemen, Training and human resource empowerment have always been at the kernel of my priorities since I joined the Bank of Mauritius as Governor back in March 2020.
The banking sector, being a talent-intensive service industry, is subject to a wide range of transformations which percolate through the various strata of the sector and which ultimately affect the quality of its throughput. With talents and professionals occupying a centerpiece of the sector's output function, productivity in the sector, and its underlying competitiveness, can only be enhanced through constant upskilling strategies.