Mission and Vision | Our Prime Values | History | Milestones | Founders | Capability Statement

"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 109 member-institutions in 41 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"



To advance sustainable development by
strengthening the development finance function
and institutions, enhancing capacity of
members, and advocating development
finance innovations.



Through the provision of development
finance services by its members,
ADFIAP envisions a future of lasting economic,
environmental and social development and
growth in the region, with its people
as the ultimate beneficiary.

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.


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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.


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1976

October: ADFIAP Charter signed by 31 DFIs during the Annual Meeting of the Asian Development Bank (ADB) in Manila. The first ADFIAP Management Committee Meeting was also held.

1977

April: ADFIAP became operational after the registration of 15 member-institutions as provided in for the Constitution. Mr. Vicente Jayme was elected ADFIAP Chairman.

September: Mr. Orlando Peña, President of Asia Business Consultants, a PDCP subsidiary, was designated concurrently Executive Officer of ADFIAP. PDCP provided an office space for the ADFIAP Secretariat

November: At the 4th Management Committee Meeting, the strategic objectives of the Association were set.

1978

January: the first issue of ADFIAP Newsletter was published.

May: the First General Assembly Meeting of the Association was convened in Bangkok, Thailand.

September: the First Curriculum Design Workshop for a course on small-scale lending was conducted in the Manila, Philippines.

November: first full-time ADFIAP regular staff member was appointed - Mr. Roberto J. Manzano, as Information Specialist.

1979

April: the first issue of the Journal of Development Finance (JDF) was published.

1980

May: a Special Conference of the Association was convened in Manila, Philippines to discuss training needs of the Association. The first and second Executive Development Programs (EDP) were convened in Manila and Bombay, respectively.

1983

ADFIAP helped organize the World Federation of DFIs (WFDFI), which was based in Madrid, Spain.

1986

The Autonomous Secretariat was organized with Mr. Orlando P. Peña appointed as Secretary General.

The 1st Forum on Human Resource Management was organized and held in Manila.

April: Mr. Vicente Jayme turned over the ADFIAP Chairmanship to Mr. John W. Fletcher, Chief General Manager of the Commonwealth Development Bank of Australia.

1988

December: Mr. John W. Fletcher turned over the ADFIAP Chairmanship to Mr. S. S. Nadkarni, Chairman of the Industrial Development Bank of India.

1989

The International Trade Centre UNCTAD/WTO (ITC) inked a 4-year technical assistance project with ADFIAP on export finance.

1990

The first issue of the Development Finance Magazine was published.

1991

March: Mr. Octavio B. Peralta was appointed Deputy Secretary General of the Association.

October: the ADFIAP International Headquarters was inaugurated in the presence of the Honorable Jesus P. Estanislao, Philippine Secretary of Finance.

1992

April: Mr S. S. Nadkarni turned over the ADFIAP Chairmanship to Mr. Chang-Dal Kim, President and Representative Director of the Korea Technology Banking Corporation.

1993

ADFIAP was accredited by the United Nations's Economic and Social Council as an NGO on Consultative Status.

1994

September: ADFIAP assumed the Chair and Secretariat of the World Federation of DFIs.

1995

April: the first issue of the Banking and Finance Digest was published.

December: Mr. Chang-Dal Kim turned over the ADFIAP Chairmanship to Mr. Aswin Kongsiri, President of the Industrial Finance Corporation of Thailand.

1996

September: ADFIAP and Thomson Publishing signed a Memorandum of Agreement for TFS Asia to Publish the Asian Banking Digest.

September: ADFIAP's private global intranet for electronic banking and commerce or the A-Net was launched in Manila.

1997

January: Signing of A-Net Memorandum of Agreement in the presence of Canadian Prime Minister, Mr. Jean Chretien at the Philippine International Convention Center in Manila, Philippines.

February: the first issue of the Asian Banking Digest was published.

May: the First World Summit on Development Finance was held in Manila, Philippines, in time of the ADFIAP 20th Annual Conference. The ADFIAP Awards were launched.

1998

April: ADFIAP launched its website in the Internet (www.adfiap.org)

1999

April: Creation of a members' client service facility in the Internet called the Smecenter.org (http://www.smecenter.org)

May: Mr. Aswin Kongsiri of the Industrial Finance Corporation of Thailand turned over the ADFIAP Chairmanship to Datuk Mohamad Saleh bin Mohd. Ghazali of the Bank Industri Malaysia Berhad.

2000

May: The Asia Pacific Institute of Development Finance (IDF), ADFIAP's career development and credentialing center, was launched

July: ADFIAP partnered with the US-Asia Environmental Partnership (US-AEP) to promote environmental due diligence in Asia.

October: ADFIAP tied up with East-West Electronic Trade Center (EWETC) of the United States to provide the Association's websites, the www.banktouch.com and the www.smecenter.com, with the International Banking Facility (iTBF).

October: Datuk Mohamad Saleh bin Mohd. Ghazali of Bank Industri & Teknolgi Malaysia Berhad turned over the ADFIAP Chairmanship to Mr. Moksevi R. Prelis of DFCC Bank.

2001

May: the Association honored its chartered signatories with the 20th Century Achievement Awards.

ADFIAP honored the Asian Development Bank for its significant role in the development of Asia and the Pacific in the 20th century and its pivotal role in bringing together banks and financial institutions to ensure that sustainable development continues in the region.

Mr. Moksevi Prelis of the DFCC Bank turned over chairmanship of the Association to Mr. Isoa Kaloumaira of the Fiji Development Bank.

2002

May: The ADFIAP Awards was launched to recognize outstanding people and institutional achievements in development.

July: ADFIAP and Capacity Building International Germany (InWEnt) held the first Financing for Lasting Development Seminar in Manila.

ADFIAP invited to the APEC Experts meeting in Hong Kong.

October: ADFIAP and the Center for International Private Enterprise (CIPE) launched the “DFIs for Corporate Governance” Project.

October: ADFIAP celebrated its 25th Year Anniversary.

2003

January: Mr. Anothai Techamontrikul of the Industrial Finance Corporation of Thailand assumed the Chairmanship from Mr. Isoa.

October: ADFIAP speaks at the 3rd Global Roundtable on the Environment sponsored by the United Nations Environment Programme’s Finance Initiatives.

2004

May: Ambassador Jesus P. Tambunting, Chairman & CEO of Planters Development Bank, assumes as ADFIAP Chairman after Mr. Anothai.

May: ADFIAP drafts new mission statement during an auspicious Board retreat in Almaty, Kazakhstan.

2005

January: Mr. Octavio B. Peralta assumes the post of Secretary General succeeding Mr. Orlando P. Peña who served ADFIAP for 28 years.

August: ADFIAP received a grant of €346,446 from the European Union’s Asia Environment Governance Standard (EGS) Projects.

September: Small and Medium Enterprises Finance Initiative (SME FI) launch

November: ADFIAP's first 5-Year Strategic Plan with the theme, "ADFIAP: Focused and Prepared to Lead" was approved by the Board.

2006

February: ADFIAP and UK's Community Development Finance Association sign Memorandum of Cooperation

May: ADFIAP Unveils new logo, new branding strategy; Members crafts Colombo Consensus during its 29th Annual Meetings in the Sri Lankan capital hosted by the DFCC Bank

July: CIPE provides 4th grant to ADFIAP on linking good governance with sustainable development

2007

May: ADFIAP celebrates 30th Year Anniversary of existence; Members presents the Hanoi Consensus during the 30th Annual Meetings in the Vietnamese capital hosted by the Bank for Investment and Development of Vietnam.

June: ADFIAP invited to join the UN Marrakech Process advisory group on cooperation dialogue

July: CIPE gives 5th grant to ADFIAP on improving risk management and financial disclosure under a good governance framework.

November: Mr. Isidro A. Sobrecarey joins ADFIAP as Deputy Secretary General.

December: ADFIAP's membership hits all-time high of 87 members in 37 countries

2008

May : Mr. Fuimaono Falefa Lima, General Manager of the Development Bank of Samoa, assumes as ADFIAP Chairman after Ambassador Jesus P. Tambunting.

August: ADFIAP wins two "Associations Make a Better World Award" from the 24,000 member American Society of Association Executives & the Center for Association Leadership for its corporate and environmental governance projects.

December: ADFIAP membership reaches an all-time high of 100 institutions in 40 countries and territories.

2009

April: ADFIAP publishes first ever integrated annual and sustainability report using the Global Reporting Initiative (GRI) guidelines.

May: ADFIAP's second 5-Year Strategic Plan with the theme, "ADFIAP as Community: Inclusive, Involved, Innovative" was approved by the Board.

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  • Bangladesh Shilpa Bank
  • Bangladesh Shilpa Rin Bank
  • Bank Pembangunan Indonesia
  • Bank Pembangunan Malaysia Berhad
  • China Development Corporation
  • Commonwealth Development Bank of Australia
  • Development Bank of the Philippines
  • Development Bank of Singapore
  • Development Bank of Western Samoa
  • Development Finance Corporation of Ceylon
  • Export Import Bank of Japan
  • Fiji Development Bank
  • Industrial Bank of Japan
  • Industrial Credit and Investment
  • Industrial Development Bank of India
  • Industrial Development Bank of Pakistan
  • Industrial Finance Corporation of India
  • Industrial Finance Corporation of Thailand
  • Industrial and Mining Development Bank of Iran
  • Japan Development Bank
  • Korea Development Bank
  • Korea Development Finance Corporation
  • Malaysian Industrial Development Finance Berhad
  • Medium Industry Bank (Korea)
  • Nepal Industrial Development Corporation
  • National Development Finance Corporation (Pakistan)
  • Overseas Economic Cooperation Fund
  • P.T. Indonesian Development Finance Company
  • P.T. Private Development Finance Company of India
  • Pakistan Industrial Credit and Investment Corporation, Ltd.
  • Private Development Corporation of the Philippines
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    ADFIAP, founded in 1976, is the largest and most prestigious aggrupation of development banks and other financial institutions engaged in the financing of development in the Asia-Pacific region. It counts among its 109 members in 41 countries, the Asian Development Bank (ADB). It is a founding member of the World Federation of Development Financing Institutions (WFDFI) comprising of similar associations in Africa, Europe, Latin America and the Middle East, and a non-governmental organization in consultative status with the United Nations Economic and Social Council. The permanent Secretariat of ADFIAP is based in Manila, Philippines.

    Human resource development, specifically training, is one the strengths of the Association. ADFIAP, through its Asia-Pacific Institute of Development Finance, has organized over a hundred conferences, symposia, and seminars not only in the Asia-Pacific region but in Europe and North America as well, notably Germany, the U.S. and Canada. These events were mostly in collaboration with international organizations, among others, the World Bank Institute, the German Foundation for International Development (now InWEnt), the United Nations Development Programme, the United Nations Industrial Development Organization, the USAID, the Australian International Development Assistance Bureau (now AusAid), the International Trade Centre UNCTAD/WTO (ITC), the Center for International Private Enterprise (CIPE), the ADB, etc.

    Another strength of ADFIAP is in research and publication. The Association regularly publishes the Journal of Development Finance, resource books and manuals, a compilation of technical papers and studies on related subjects in the field of development finance, the ADFIAP Newsletter, and many others. Research studies and surveys of over 50 subjects have been published so far. ADFIAP has also produced volumes of case studies and training packages on project appraisal, supervision, and rehabilitation, joint ventures, trade finance, environmental due diligence, corporate governance, socially-responsible investment, entrepreneurship, etc.

    Using its expansive network and pool of experts and resource persons, ADFIAP has also conducted capacity-building programs for members and same-purposed institutions on project management, SME finance, greenbanking, microfinance and governance. It also provides consulting and advisory services on development banking using the knowledge and experiences of member-development banks in the Asia-Pacific Region.


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