What is ADFIAP
“ADFIAP is the focal point of all development banks and other financial institutions engaged in the financing of development in the Asia-Pacific region. Its mission is to advance sustainable development through its members. Founded in 1976, ADFIAP has currently 131 member-institutions in 45 countries. The Asian Development Bank is a Special Member of the Association. ADFIAP is also a founding member of the World Federation of Development Financing Institutions composed of regional associations in Africa, Asia-Pacific, Latin America and the Middle East. ADFIAP is an NGO in consultative status with the United Nations’ Economic and Social Council. The permanent Secretariat of ADFIAP is based in Makati City, Metro Manila, Philippines”
Statement of Mission
To advance sustainable development by strengthening the development finance function
and institutions, enhancing capacity of members and its human resources, and advocating development finance innovations.
Statement of Vision
Through the provision of development finance services by its members, ADFIAP envisions a future of sustainable economic, environmental and social development and growth in the region, with its people as the ultimate beneficiary.
Our P.R.I.M.E. Values
As a membership service organization, we are guided by the following set of beliefs and values – from our day-to-day operations to strategic planning and to the way we relate with and treat our constituency, i.e., members, partners, the development finance community and the public-at large.
We will endeavor to constantly improve on our professional standards. Our Board of Directors, officers and staff will continue to learn new things and hone up their skills for the benefit of our stakeholders.
We exist because of and for our members. Thus, we will strive to continuously enhance our relationship with them as well as to like-minded institutions so that we will be able to provide products and services that will be of real value to them.
We conduct ourselves with utmost honesty, fairness and transparency in everything we do and to everyone we serve and work for. We build trust by adhering to the highest ethical practices.
We subscribe to the belief that constant dynamism and innovation are tools to continuously improve on what we do and what we strive for – this we do for the service of our members and other stakeholders.
We value the diversity of our members, their cultures and uniqueness. We will nurture and cultivate this diversity with unity and equality – all for the cause of development for the institutions that they belong and for the constituencies that they serve.
The idea of an association of development bankers had originated in Manila in 1969 at the Fourth Regional Conference of Development Financing Institutions of Asia and the Pacific under the auspices of the Asian Development Bank (ADB). Such an idea further gained substance during the UNIDO Banker’s Meetings which commenced in 1970 in Paris. At the last UNIDO Meeting in Caracas, it was learned that two regional associations, namely the Latin American (ALIDE) and African (AADFI) regional associations, had been formed.
It was also reported in Caracas that similar institutions were contemplated for the Arab countries and for countries in Eastern Europe. The DFIs from the Asian and Pacific region attending the Caracas meeting agreed then that it would be timely to form an Association of Asia-Pacific DFIs.
At the end of the sixth Regional Conference, October 1, 1976, 31 DFIs attending the Conference in Manila under the auspices of ADB jointly signed a Memorandum of Agreement to adopt the Constitution of what came to be known as the Association of Development Financing Institutions in Asia and the Pacific or ADFIAP, and affirmed their interest in becoming members of the Association.