About DFIs for Corporate Governance

The DFIs for Corporate Governance Project is joint undertaking of the Association of Development financing Institutions in Asia and the Pacific, or ADFIAP and the Center for International Private Enterprise or CIPE.

ADFIAP is the focal point of all development banks and other financial institutions engaged in the financing of sustainable development in the Asia-Pacific region. Founded in 1976, ADFIAP has currently 113 member-institutions in 42 countries. The Asian Development Bank or ADB is a Special Member of the Association. ADFIAP is also a founding member of the World Federation of Development Financing Institutions or WFDFI 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.

CIPE is a non-profit affiliate of the U.S. Chamber of Commerce and one of the four core institutes of the National Endowment for Democracy. CIPE has supported more than 920 local initiatives in 105 developing countries, involving the private sector in policy advocacy and institutional reform, improving governance, and building understanding of market-based democratic systems. CIPE programs are also supported through the United States Agency for International Development.

Follow this link to know more about DFIs for Corporate Governance: http://www.governance-asia.com

Corporate Governance and Development Finance Institutions In Asia and the Pacific

The Asian financial crisis placed a new emphasis on corporate governance in Asia and the Pacific. At the center of the crisis were companies and conglomerates, owned and controlled by generations of families and interlocking interests, which were brought up in a relationship-based (rather than market-driven) environment. As promoters of economic growth, development finance institutions (DFIs) in the region took a central role in advocating corporate governance reforms, but DFIs cannot succeed in promoting good corporate governance within the Asian business community until they establish effective governance mechanisms within their own structures.

Download here: Corporate Governance and Development Finance Institutions In Asia and the Pacific