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As a dynamic and continuously evolving organization, ADFIAP is often confronted with the challenge of engaging all its members and partners to embrace one community that advances financing sustainable development.Read more
This month we feature Datuk Vincent Pung Yee Kiong, Chief Executive Officer of Sabah Credit Corporation.
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Jamaica Energy Security and Efficiency Enhancement Project
In it’s mission to reduce its dependence on fossil fuels, The Development Bank of Jamaica launched its program JESEEP in conjunction with public/private partners which was supported by the World Bank/International Bank for Reconstruction Development from which the Bank has established an Energy Line of Credit to on-lend through Approved Financial Institutions. This Line of Credit represents part of a larger loan of US$ 15 million borrowed from the World Bank by the Government of Jamaica through the Ministry of Mining and Energy in which the purpose is to support the National Energy Policy.
This Energy Policy which was crafted by the Ministry of Mining and Energy covering 2009-2030, enable Jamaican businesses and industry to access energy and allowed them to become competitive on the international market; and for individuals and households to have the energy they need to manage their daily lives in this modern economy. The policy advanced a modern, efficient, diversified and environmentally sustainable energy sector.
Fiji Development Bank’s Money Smart
With it’s mission to economically develop the quality of life in the country, and with the belief that Financial Literacy is the cornerstone to help young people become not only enterprising adults but also responsible adults when it comes to managing their personal and/or business finances, the Fiji Development Bank launched a Financial Literacy Programme which is called Money Smart. This has been a compulsory internal assessment task subject and is taught under the Commercial Studies syllabus to Third Year students.
The programme which was implemented into 162 secondary schools in Fiji developed student skills in financial literacy and financial management at very young age and build on good saving habits. The key objectives of Money Smart was geared to helping young people learn about the value of money from planning to budgeting, differentiating their needs from their wants and savings for key events in their lives.