What is Competency Development

This chapter aims to highlight the role of global institutions in facilitating competency development for people from different nationalities spread across diverse geographies. Training and development is an essential step towards accomplishing inclusive development and is closely connected with social and economic development on a universal scale. Although multilateral institutions are taking efforts towards providing timely and regular training to people worldwide, there is ample scope for ensuring the successful implementation of knowledge and skills disseminated through various training initiatives. It is in this context that transfer of training or learning transfer gains prominence as a game changer in shaping the development initiatives driven by global institutions. This chapter thus delves deeper on the need to ensure a robust training transfer ecosystem and the significance of global institutions in facilitating the same to achieve competency development. The chapter concludes with pragmatic recommendations to enhance competency development universally.