The document discusses human resource development in financial development institutions. It defines HRD as providing programs to orient, train, and develop employees to improve skills, knowledge, abilities and competencies for individual and organizational growth. It notes two models of Latin American financial development institutions and that HRD is a key factor in their performance. The roles and responsibilities of the board of directors, HRD management, and staff training are then overviewed. The board establishes corporate values, policies, strategies and compliance. HRD management develops the labor system, identifies key personnel needs for different offices, and staff training objectives, strategies and budgeting.