Post-Training Report to North Koreans

I have attached a report sent to our North Korean partner institutions indicating areas of training that is much needed in future sessions. This is a truncated report, and we will follow up with a more complete report later for Choson Exchange visitors. Our confidentiality policy means that we only broadly summarize some of our discussions with our North Korean counterparts. ------------------------------

There is room for extensive cooperation on training with Daesong Bank, the State Development Bank, and other financial institutions as our lecturers feedback and survey results from the training session at Kim Il Sung University e-library (12 participants with lectures recorded and re-broadcast on the intranet) indicate that skill sets for finance (e.g. modeling with excel) is severely lacking and awareness of global financial institutions and models is low.

We recommend more intensive training sessions in-country with a focus on building skill-sets in investment selection, accounting, macro-economics, financial modeling with computers and legal training. This should be complemented with further training abroad that emphasizes building networks and visits to key financial institutions to learn from them.

  Above is a picture taken from our lectures on the Singaporean development experience

Above is a picture taken from our lectures on the Singaporean development experience