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ADFIAP presents Corporate Governance project to CIPE Partners in Asia

During the Center for International Private Enterprise (CIPE) Partner Conference on “Governance and Anti-Corruption” held on January 27-28, 2010 in Makati City, Philippines, ADFIAP, represented by its Secretary General, Octavio B. Peralta, presented the program of activities and results of its multi-year CIPE-supported project themed, “DFIs for Corporate Governance” project.

The capacity-building project is ADFIAP’s response to the growing need of its member-DFIs in the Asia-Pacific region for the implementation of good corporate governance policies and practices in their respective institutions by learning from experiences of fellow members as well as from those in other parts of the world.

The project started in 2002 with an awareness and orientation campaign on corporate governance issues (Phase 1) and then proceeded to developing a corporate governance “scorecard” for development banks and other financial institutions (Phase 2). It subsequently focused on expanding the role of the bank's compliance officer to cover governance matters (Phase 3) and then linked governance with sustainable development (Phase 4). In its final stage, the project tackled risk management within the framework of corporate governance (Phase 5). For more information on the project, please visit www.governance-asia.com.

About 30 participants from CIPE-partner think-tanks, learning institutes, chambers of commerce and industry, associations and the private sector from China, Indonesia, Mongolia, Pakistan, Thailand and the Philippines attended the event to exchange respective experiences on initiatives concerning corporate governance reforms and anti-corruption measures. The event also afforded the participants to network with each other, cooperate for future projects, know more of CIPE’s programs and advocacies, and relate with CIPE on project impact and sustainability.

CIPE www.cipe.org was represented by its Executive Director, Dr. John D. Sullivan, Deputy Director for Programs, Jean Rogers, Regional Director for Asia, John Callebaut and Program Officer for Asia, John Morrell. CIPE strengthens democracy around the globe through private enterprise and market-oriented reform. CIPE is one of the four core institutes of the National Endowment for Democracy. Since 1983, CIPE has worked with business leaders, policymakers, and journalists to build the civic institutions vital to a democratic society.

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ADFIAP promotes “Greening the Board” to Corporate Directors

Upon the invitation of the Institute of Corporate Directors (ICD) Philippines, ADFIAP represented by its Secretary General, Octavio B. Peralta, talked to a group of corporate directors on the subject of “greening the Board” during the ICD’s 52nd breakfast roundtable meeting at the Tower Club in Makati City.

Mr. Peralta highlighted the work and advocacy of ADFIAP and its members in environmental governance based on its USAID environmental due diligence project and later on the EU-Asia Pro Eco grant project that institutionalized an environmental management systems in development finance institutions (DFIs) for resource efficiency and “green” lending operations. The “greening the Board” initiative deals with further enhancing the CSR programs of companies by instituting measures like considering to nominate a Director with a working knowledge on environmental issues, having a Board-approved corporate environmental policy, constituting an environmental committee or expanding the scope of the risk management committee to look closely on environmental issues, and preparing a company annual report cum sustainability reporting or a stand-alone sustainability report.

The ICD http://www.icdcenter.org/cg/ is made up mainly of individual corporate directors and reputational agents committed to the professional practice of corporate directorship in the Philippines in line with global principles of modern corporate governance. ICD is working closely with the Organization for Economic Co-Operation and Development (OECD), the Gkobal Corporate Governance Forum, and the International Corporate Governance Network on improving actual boardroom practices, moving away from principles into actual practices. ICD is a non-stock, not-for-profit organization working in close partnership with other business, government, and civil society organizations to promote and uphold the practice of good corporate governance.

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ADFIAP lines up programs for 2010

ADFIAP greets 2010 with new and diverse programs and activities for its members. Two big events are lined up – the 33rd Annual Meetings in Vancouver, Canada on May 10-12, 2010 hosted by the Business Development Bank of Canada (BDC) and the CEO Forum VII in Siem Reap, Cambodia in November (dates to be determined) hosted by the Rural Development Bank of Cambodia. A third one under the auspices of the World Federation of DFIs (ADFIAP is now WFDFI Secretariat) is the International Conference on Greening Financial Institutions to be held in Karlsruhe, Germany in cooperation with E-Tech of Germany. So, save these dates!

ADFIAP’s Asia-Pacific Institute of Development Finance (IDF) has in its full calendar, five (5) study tour programs on microfinance and SME finance, a performance measurement seminar, corporate and treasury risk management seminar, P.R. seminar, Islamic banking, property development and appraisal and the credentialing programs of the Association (please see IDF calendar of activities in this edition and book early for the events!).

The ADFIAP Consulting (AC) which was launched in July, 2008 is undertaking projects for the Geneva-based International Trade Centre on setting up a regional knowledge center for small and medium enterprise (SME) finance, on intermediary lending for Caribbean DFIs and on sustainable financing for exporting associations for a European programme. For your consulting needs, please contact us at inquiries@adfiap.org.

ADFIAP is also making available its accumulated knowledge resources and toolkits in development financing by launching an enhanced website, complete with an e-Library that has over 400 articles from the Journal of Development Finance (JDF) compiled since the Association’s inception in 1976. The e-Library has also a book series on principles and practices in development banking as well as country-specific development banking history and evolution. Aside from these online resources, ADFIAP has also printed publications such as the bimonthly Newsletter, the JDF and four other thematic newsletters on governance, green banking, SMEs and general management.

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IDF holds 4th MSME finance STP in Manila

ADFIAP’s Asia-Pacific Institute of Development Finance (IDF) is conducting its 4th study tour program (STP) on micro and small and medium enterprises (SME) financing in Manila, Philippines on January 25-29, 2010. Twelve participants from India, Malaysia, Palau and the Philippines have enrolled to the program.

This program is unique as it combines principles and concepts with practical applications from regulatory regimes to operational aspects in the MSME sector. It exposes the participants to the experiences and best practices on MSME finance through institutional visits to various key microfinance and SME banks in the Philippines, from policy-making bodies to conduits of wholesale and retail microfinance and SME funds. It also deepens the participants’ knowledge and understanding of MSME operations through field visits to microfinance and SME centers as well as provides a platform for exchanging views and ideas among participants to have a better appreciation of the significant roles that financial institutions play in the promotion of MSME finance in their respective countries.

The institutional visits with corresponding briefings and interactive discussions include the Planters Development Bank, Development Bank of the Philippines, People’s Credit and Finance Corporation, Bangko Sentral ng Pilipinas (Central Bank of the Philippines), National Credit Council, CARD-MRI Center, Ahon sa Hirap Foundation and the Asian Development Bank.

The IDF will be holding another study tour program on SME Financing and Development on April 12-16, 2010 in Hanoi and Ho Chi Minh. For more details about the STPs, please contact Ms. Sandra Honrado at shonrado@adfiap.org.

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ADFIAP, BDC gear up for 33rd Annual Meetings

Preparations for the 33rd ADFIAP Annual Meetings to be held in Vancouver, Canada on May 10-12, 2010 are now in high gear as the event draws closer, with ADFIAP and member-host Business Development Bank of Canada (BDC) regularly undertake coordination meetings via telephone and e-messages. Highlights of the Meetings consist of the Board of Directors Meeting, the 13th Extraordinary Meeting of the General Assembly, Shared Interest Group Sessions, Fellowship Program, the Conference Proper, the Awards Night, the 71st Board of Directors Meeting, and the Delegate-Meets-Delegate program.

This will be the second time that ADFIAP will have its Annual Meetings in Vancouver after 22 years, the first being in 1988. Over a hundred delegates from members, partners organizations and other institutional guests are expected to attend the event.

This year’s Conference theme, “Innovative Financing for a Greener Economy” is indeed timely as many organizations today are becoming cognizant of the effect of climate change that affects the way businesses are conducted. The topics to be discussed and dissected in four plenary sessions revolve around the theme which include: Plenary Session 1: Financing the Green Economy: Global Trends and Best Practices in Green Finance, Plenary Session 2: Implications of a Low Carbon Economy for DFIs: Risks and Opportunities; Plenary Session 3: Clean-Tech: The Role of Innovative Development Financing in Promoting Cleaner Technologies and Plenary Session 4: Innovative Financing for the Greening of Cities.

The conference website will be up in the Internet soon!

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ADFIAP, AMFA to develop joint programs on microfinance, others

ADFIAP and the Azerbaijan Micro Finance Association (AMFA) have signed a memorandum of cooperation on December 21, 2009 for a joint partnership to develop and promote training and capacity-building programs, among other activities, on microfinance, financial inclusion and related subjects to enhance their respective members’ professional and business viability and sustainability. Signing the memorandum of cooperation were Ms. Jhale E. Hajiyeva, Executive Director of AMFA and Mr. Octavio B. Peralta, Secretary General of ADFIAP.

The cooperation will begin with a modest sharing of information through exchange of newsletters and website updates. Other envisioned activities, going forward, include mission exchanges and study tour programs as well as strategic alliances and business networking among ADFIAP and AMFA’s members and partner-organizations.

The Azerbaijan Micro-Finance Association (AMFA) http://www.amfa.az, the focal organization of 27 member-microfinance institutions in the country, was created in December 2001 as follow up of the first Azerbaijan Microfinance Conference held in the capital city of Baku.

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ADFIAP Membership climbs to 110

With two additional new members to the ADFIAP membership roster – the International Bank of Azerbaijan and the National Small Industries Corporation of India, Ltd. – the total number of ADFIAP members goes up to 110 institutions in 42 countries and territories.

The International Bank of the Republic of Azerbaijan (IBA), the largest bank of the country, was incorporated in 1991 as a fully state-owned bank and is domiciled in the Republic of Azerbaijan. On October 28, 1992, the Bank became a joint stock commercial bank and the Ministry of Finance of the Republic of Azerbaijan became the major shareholder of the Bank. The Chairman of the Board of IBA is Mr. Hajiyev Jahangir Fevzi.

The National Small Industries Corporation Ltd., (NSIC) with an ISO:9001-2008, was established by the Government of India as a public sector company in 1955, to enhance the competitiveness of micro and small enterprises as well as to provide integrated services to the sector such as marketing, credit, technology and other support services. Dr. HP Kumar is the current Chairman and Managing Director.

Link to membership roster

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IDF runs 4th DevMan Credentialing Course

ADFIAP’s Institute of Development Finance (IDF) conducted its 4th Development Bank Management (DevMan) Program from December 1-12, 2009 at the Asian Institute of Management (AIM) Center in Makati City, Philippines. Ten (10) officers of ADFIAP members from the Federated States of Micronesia, Samoa, and the Philippines who successfully completed the program were granted the credential of Affiliate in Development Bank Management, bringing the total to 47 officers from member-banks with this Level 2 credential.

This two-week program, aimed at enhancing the managerial and technical capabilities of development bank managers, consisted of two modules – Module 1 covered bank operation management and financial management that included topics on financial management systems, loan management, performance management, credit analysis for investment loans and treasury while Module 2 included Asian management and decision-making techniques.

Aside from the classroom discussions, the participants had the opportunity to visit three of the premier development financial institutions in the Philippines – the Development Bank of the Philippines (DBP) where they learned the bank’s operation management and how it analyzes projects that are submitted for loan application; the Philippine Export-Import Credit Agency (PhilExim), where they were briefed on the organization, management, and special issues of a credit guarantee bank; and the Planters Development Bank, where they were familiarized with the operation and management of SMEs, micro finance lending and financial risk management.

Dr. Alberto P. Peña, Professor and Associate Director of the Office of International Studies and Programs at the Illinois State University, U.S.A., was the main resource person of the program while Mr, Orlando P. Peña, President of the Asia Business Consulting, covered the 2-day general management module.

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ADFIAP, ITC, ITD organize Roundtable on Regional SME Center

ADFIAP, the Geneva-based International Trade Centre (ITC) and the International Institute for Trade and Development (IITD) of Thailand organized a roundtable meeting on the proposed setting up of a Regional SME Finance and Knowledge Center on November 24-25, 2009 at the Planters Development Bank Headquarters in Makati City, Philippines.

The envisioned Regional SME Finance and Knowledge Center is aimed at building the capacity of trade support institutions (TSIs), chambers of commerce and industry and SMEs, resulting in easier access to finance. Using existing practical tools and solutions developed by the organizing organizations, the Center is expected to produce, among others, country-based resource persons that would train and coach SME managers on sound financial management practices.

The two-day event was participated in by experts from ADFIAP-members in India (Small Industries Development Bank of India), Philippines (Planters Development Bank), and Malaysia (SME Bank Malaysia) and other supporting and participating institutions like the Philippines’ Department of Trade and Industry and the University of the Philippines’ Institute for Small Scale Industries (UPSSI). The end result of the meeting was an initial concept paper on the structure, content and modality of the Center which will then be developed into a full project proposal for grant purposes.

This event is a first step in the implementation of the Memorandum of Understanding between ADFIAP and ITC which was signed on October 28, 2009 at the Dusit Thani Manila held during the CEO Forum VI.

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IDF runs 4th Core Dev Program

ADFIAP’s Institute of Development Finance (IDF) conducted its 4th run of the “Core Development Banking Program” (CoreDev) on November 23-27, 2009 at the Asian Institute of Management Training Center in Makati City, Philippines. Nine participants from Palau, Federated States of Micronesia and the Philippines who have successfully finished the course were granted the credential “Associate in Development Banking” by the IDF. Since 2005, IDF has already given this credential to 74 officers of ADFIAP member-banks.

CoreDev, which is the Level 1 of IDF’s credentialing program, consists of two modules. The first module on “Principles and Practices of Development Banking,” provides the participants with pertinent knowledge and skills on the operational policies and workings of development banking as well as on the economic, social and governance aspects of development finance, including important guidelines on long-term project finance.

The second module on “Design and Appraisal of Development Projects” provides the participants with the different aspects of project investment design and how the financial and economic aspects fit into the overall investment plan submitted by a loan client. In addition, the module includes appraisal techniques that distinguish between purely private-oriented investments and development projects.

Aside from the in-depth classroom discussions, the participants had an opportunity to visit the Landbank of the Philippines, the pre-eminent state-owned development finance institution in the country, and observed firsthand the role of the Bank and how it generally assesses projects that are submitted for loan request and/or equity contribution and also learned about the Bank’s credit and equity programs available to local conduit-institutions.

The main resource person of the program was Dr. Alberto Peña, Professor and Associate Director of the Office of International Studies and Programs at the Illinois State University in the U.S.A

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ADFIAP addresses Malaysia-Kazakhstan Business Forum

On invitation by the Republic of Kazakhstan’s Ministry of Industry and Trade, and with the support of the Development Bank of Kazakhstan (DBK), ADFIAP, represented by its Secretary General Octavio B. Peralta, addressed business leaders from both Malaysia and Kazakhstan in Kuala Lumpur on the roles of development banks in pursuing national socio-economic development. Mr. Peralta also cited the achievements of ADFIAP members in both countries and proposed ideas to business cooperation between public and private sectors in the two nations. Among opportunities for development banks he mentioned were in the financing of trade and logistics, small and medium enterprises, renewable energy, agriculture, infrastructure, as well as information and communications technology either through conventional or Islamic banking services. About a hundred participants attended the event which featured presentations on economic and business data as well as business-to-business meetings.

DBK, http://www.kdb.kz/en is a member of the ADFIAP Board of Directors and has been recognized by ADFIAP through its annual awards for its outstanding projects in infrastructure development in 2006 and 2007 and in environmental development in 2009.

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ADFIAP Consulting speaks at International SME Forum

On invitation by Marcus Evans, ADFIAP Consulting (AC) made a presentation during the 4th Annual SME Banking and Finance Forum on November 17-18, 2009 held at Sheraton Imperial Kuala Lumpur Hotel, Malaysia. The event with the theme, “Embracing SME Financing Opportunities and Heightening Bank Portfolio through World Class Product Development to Remain Competitive in Today’s High-Octane Environment” was chaired by Dr. Alberto Brugnoni, President and Founding Member of ASSAIF and former Director of Merill Lynch Private Bank Suisse.

The AC group’s Ms. Corazon D. Conde, Ms. Ma. Cecilia M. Ibarra and Ms. Arlene S. Orencia attended the event, with Ms. Conde presenting the topic on “Managing Portfolio Risk in Lending to Micro, Small and Medium Enterprises.”

There were fourteen (14) speakers, all SME experts from various banks and organizations in Southeast Asia, who shared their wealth of experience and insights in formulating the right business model for SMEs; measuring and improving SME products and sales strategies; formulating credit schemes and policies to mitigate risks and achieve high return investments; benchmarking on the latest developments in SME banking; and enhancing performance measurement with the right marketing techniques and product innovations.

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ADFIAP Consulting conducts SME Lending Seminar in KL

The ADFIAP Consulting (AC) group conducted a half day seminar on “Holistic Approach to SME Lending: The Philippine Experience” on November 19, 2009 at the auditorium of SME Bank in Kuala Lumpur, Malaysia. The event was organized jointly by ADFIAP and MNY Consulting Sdn Bhd Malaysia. 57 participants from ADFIAP member-development finance institutions in Malaysia such as the SME Bank, Bank Pembangunan, AGRO Bank, MIDF, Sabah Credit, and Exim Bank, among others, attended the seminar.

AC was represented by three of its principals, namely, Ms. Ma. Cecilia M. Ibarra, Head of Training and Advocacy, who discussed Business Development: Making SMEs Bankable; Ms. Corazon D. Conde, AC Group Head, who shared her experiences on Lending Under a Controlled Risk Environment and Credit Risk Analysis Tools and Head of Projects & Programme Ms. Arlene S. Orencia who capped the seminar with her topic on Support Infrastructures and Supervision and Monitoring.

The open forum that ensued the presentations, chaired by Yang Berbahagia Dato Md Noor Yusoff, Chairman of MNY Consulting Sdn Bhd, became an avenue for exchange of ideas, experiences, lessons learned and best practices among the participants and speakers, thus, mutually reinforcing and enriching their perspective and insights on sustainable finance for the SME sector.

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ADFIAP Consulting attends Environment Tech Verification Forum

ADFIAP Consulting (AC), the Association’s service unit for advisory and consulting work, attended the 4th International Environmental Technology Verification (ETV) Forum held on November 11-13, 2009 at the New World Hotel in Makati City, Philippines.

ETV is the process for developing, conducting and reporting scientifically-objective evaluation of environmental technologies. The benefits that can be derived from ETV are: (a) an objective and credible performance data on environmental technologies (b) acceptance and use of environmental technologies (c) reduction on time and expense in market introduction and (d) enhancement of industry incentives to invest in environmental technology research and development.

The forum, with this year’s theme, ETV: Accelerating Technology Solutions to Climate Change, serves as a venue for exchanging of ideas and sharing of experiences on issues related to implementing ETV programs and how this supports technology solutions to climate change mitigation and adaptation. The forum highlighted the importance of ETV as a tool in accelerating the deployment of environmentally-sound technologies even as it seeks to identify programs and innovative technologies to mitigate and adapt to climate change. The Forum also brought about alliances among participating countries towards mutual recognition of verification process, international acceptance of ETV, and the development of a plan of action for future cooperation. This was the first time that the Forum was held in Asia. Previous events were held in U.S., Canada and Paris. About 160 delegates from 14 countries as well as from different Philippine institutions, both from government and the private sector, attended the Forum.

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CEO Forum VI, a resounding success

Judging from the attendance of 110 chief executives, board members and senior officers of development financing institutions as well as regional and international organizations, the relevance and timeliness of the topics, the interesting side events held, and the positive feedback from the delegates themselves, the conduct of the 6th International Forum for Chief Executives of DFIs (CEO Forum VI) was deemed a resounding success by the organizers.

Organized by ADFIAP and hosted by the Association members in the Philippines, namely, the Development Bank of the Philippines (DBP), Land Bank of the Philippines (LDB), Planters Development Bank, and the Philippines Export-Import Credit Agency,  the 6th edition of the CEO Forum VI covered the theme, “Leading the Recovery:  Environmental, Social and Governance Imperatives for DFIs” and tackled the global economic crisis, the impact of climate change, and other challenges to sustainable development  Specific topics discussed were development finance and migrant workers’ remittances, fund sources for financing development, governance and financial institutions, financing for climate change adaptation and mitigation, and financial inclusion and social finance.

Two pre-Forum events – the seminar on Islamic Banking & Finance and the UNEP Finance Initiative’s workshop on Environment and Social Risks in Lending and Investment Practices – were also widely received by another set of 90 participants, mostly from Philippine banks and other business organizations (please see related stories).

The CEO Forum is an annual event that serves as a venue for chief executives and senior officers from ADFIAP member-institutions and partners to stay abreast of current issues and challenges in financing sustainable development This year’s forum was also organized as a “green event”. For more information on the CEO Forum, please visit this link: http://www.adfiap.org/events.php.

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ADFIAP, ITC to boost SMEs in As-Pac Region

In an effort to boost the capacity of SMEs in Asia and the Pacific, ADFIAP and the Geneva-based International Trade Centre (ITC) signed a memorandum of understanding (MoU) on October 28, 2009 in Makati City, Philippines  to build a long-term strategy for a regional SME Finance and Knowledge Centre, expected to be first in Asia. Sealing the agreement at the press briefing during the International CEO Forum VI are (L-R) Octavio B. Peralta, Secretary General of ADFIAP, and Roger Megelas, ITC Senior Adviser, Trade Finance for SMEs Unit. Looking on are (L-R): ADFIAP Chairman Fuimaono Falefa Lima, General Manager of the Development Bank of Samoa and Isidro Sobrecarey, ADFIAP Deputy Secretary General.

ITC, a joint agency of the World Trade Organization and the United Nations that assist developing and transition countries achieve sustainable human development through exports, is extending an initial grant of US$28,500 to ADFIAP for the project which eventually aims to raise a project funding of over US$ 200,000.

Specifically, the regional SME Finance and Knowledge Centre aims to build the capacity of trade support institutions (TSIs), chambers of commerce and industry and SMEs, resulting in easier access to finance. Using existing practical tools and solutions developed by both organizations, the Centre is expected to produce country-based resource persons that would train and coach SME managers on sound financial management practices. SMEs account for around 90% of all businesses and employ as much as 60% of the workforce in the region.  At present, however, they generate only around 30% of exports, mainly due to lack of access to credit.

An expert roundtable to develop the framework and modalities of the project is set to be held this November.

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ADFIAP, UP ISSI to build capacities for MSMEs

ADFIAP and the University of the Philippines’ Institute for Small-Scale Industries (UP ISSI) inked a memorandum of understanding on October 28, 2009 in Makati City, Philippines, for a joint partnership to develop and promote training and capacity building for micro, small and medium enterprise (MSMEs) in the country and enhance their professional and business viability and sustainability. The ADFIAP Consulting (AC) service unit of the Association will take the lead on this initiative. AC has developed a holistic approach to MSME development starting with advocacy, social preparation, capacity building, networking, project identification, support infrastructures and finally, financing. The experience gained from this initiative will be documented and disseminated to all ADFIAP members that are into MSME sector financing.

Shown at the press briefing are (L-R): Cora Conde, Group Head of ADFIAP Consulting; Octavio B. Peralta, ADFIAP Secretary General; Fuimaono Falefa Lima, ADFIAP Chairman and General Manager of the Development Bank of Samoa; and Dr. Ruperto P. Alonzo, UP ISSI Executive Director. UP ISSI is a pioneer, innovator, and advocate in MSME training and development in the Philippines. Over the years, it has helped other countries in Asia and the Pacific build up their own MSME development capabilities.

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Zaigham Mahmood Rizvi, Honorary Member

The ADFIAP Board has approved the endorsement to the General Assembly of the conferment of honorary membership to Mr. Zaigham Mahmood Rizvi, former Chairman and Director of the House Building Finance Corporation (HBFC) of Pakistan. ADFIAP confers honorary membership to individuals who have performed outstanding services in the field of development banking or who have been closely connected with the profession of development banking and have served ADFIAP for many years.

Mr. Rizvi is a career development finance banker. He has served in many prestigious and frontline development finance institutions (DFIs) in Pakistan and abroad. He is also a very strong advocate of the important role of DFIs in the development processes of developing countries. He has been associated with the ADFIAP for over 20 years where his work received several recognition awards such as the “Outstanding CEO Award” and the “Membership Contribution Award”. 

Mr. Rizvi’s notable achievements include the successful turnaround of three leading DFIs in Pakistan, namely: Pak-Libya Holding Company, Pak-Kuwait Investment Company and House Building Finance Corporation.  He also played a leading role in the establishment of new joint venture DFIs in Pakistan, namely: Pak-Oman, Pak-Iran and Pak-China Investment Company.

Mr. Rizvi was also one of the founding members of the team which established Oman Development Bank, the first DFI in the Sultanate of Oman. Most of Oman’s industrial development is attributed to the pioneering role of ODB. The shining stars of Muscat securities market were originally promoted and funded by ODB.

Mr. Rizvi has served as the Chairman of the Mutual Funds Association of Pakistan for nearly 10 years and has played a pivotal role in launching a variety of mutual funds in Pakistan’s capital market.  He also served on the boards of the Karachi Stock Exchange and the Islamabad Stock Exchange as a nominee director of Security and Exchange Commission of Pakistan (SECP).

He was the Founding Director of Pakistan Institute of Corporate Governance (PICG), an institution established under the guidance of SECP. Mr Rizvi is currently working for the World Bank as a Consultant on housing and housing finance, and is based in Washington, D.C. He is also the Chairman of Takaful Pakistan (an Islamic Insurance Company) and a Director on the Boards of different corporate entities including House Building Finance Corporation of Pakistan.

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ADFIAP's Membership Category amended

The ADFIAP Board, during its 70th Meeting in Manila, Philippines on October 28, 2009, has approved the amendment and expansion of the Sponsor/Sustaining Membership category under Article 5.2 of the ADFIAP Constitution. Under the new provision, this category can now accommodate the membership of public and private institutions, non-government organizations and individuals that support the purpose and mission of ADFIAP and are willing to pay membership dues or contribution to assist the Association financially. With this amendment, the Association expects to increase its current membership base of 108 members in 41 countries. The Association has the following institutional membership categories:  Ordinary, Special, Sponsor/Sustaining, and Associate.

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2011, 2012 ADFIAP Annual Meetings Hosts Named

The ADFIAP Board, in its 70th Meeting in Manila, has accepted the offers to host the 34th and 35th ADFIAP Annual Meetings of the Turkish Republic of Northern Cyprus Development Bank (TRNCDB) and the Development Bank of Turkey (DBT) in 2011 and 2012, respectively.

As earlier announced, the 33rd ADFIAP Annual Meetings will be hosted by the Business Development Bank of Canada (BDC) on May 10-12, 2010 in Vancouver, Canada.

TRNCDB was established in 1992 with the aim of providing low cost finance to selected sectors in accordance with the development plan of the government of the Turkish Republic of Northern Cyprus. By providing financing to private enterprises, the TRNCDB supplies vital support for the country’s economic development and it is the primary channel for low-cost, medium and long-term loans to selected sectors such as industry, tourism, health and education.

DBT was established in 1975 as a development and investment bank under the name of State Industrial and Workers’ Investment Bank to foster private industry and generate domestic capital with the objective of financing and rehabilitating the worker-owned companies.  In 1989, Tourism Bank has merged with DBT to ensure efficient use of resources and to provide low-cost medium and long-term loans to private enterprises in industry and tourism.

DBT has been supporting environmentally-conscious projects and contributing to the development of environmental protection policies which are indispensable component of sustainable growth and development. In 2008, DBT has started working to get an ISO 14001 environmental management system (EMS). Today, DBT is a leading institution for development and sustainable growth. 

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IDF runs 2nd Islamic finance seminar in Manila

ADFIAP’s Institute of Development Finance (IDF), in collaboration with MNY Consulting Sdn Malaysia Berhad and the Gov. Jose B. Fernandez, Jr. Center for Banking and Finance of the Asian Institute of Management conducted the 2nd Islamic Banking and Finance Seminar on October 26, 2009 at the Dusit Thani Hotel in Manila, Philippines as a pre-CEO Forum VI event. The first full blown seminar of its kind was held in Kuala Lumpur, Malaysia on July 13-17, 2009.

47 participants from various financial institutions and organizations, mostly from the Philippines, attended the event which covered the basic principles, regulatory framework, modalities and products and services of Islamic finance. The resource person of the seminar was Mr. Ahmad Nazir Che Yen, Senior Vice President of CIMB Islamic Bank Berhad based in Kuala Lumpur, Malaysia.  He has more than 20 years of experience in Islamic as well as conventional banking and is a regular lecturer at the Islamic Banking and Finance Institute of Malaysia.

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ADFIAP, UNEP FI organize environment & social risk management workshop

ADFIAP and the Geneva-based United Nations Environment Programme’s Finance Initiative (UNEP FI) jointly organized the “Training Workshop on Environmental and Social Risk Management in Lending and Investment Process” on October 27, 2009 at the Dusit Thani Manila, Philippines. The event was attended by 53 participants from various financial institutions and organizations from the Philippines and abroad.

The objective of the seminar is to bring financial institutions up to speed regarding the environmental and social risks involves in lending and investing projects as a consequence of the activities of their clients; guide them  through strategies and tools to detect, evaluate and mitigate these environmental and social risks; and explore next steps in terms of promoting the efficient implementation of E & S risk analysis in the financial sector.

The event was graced by Hon. Alfredo C. Antonio, a member of the seven-man Monetary Board of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines).  The other speakers during the event included  Mr. Ben Ridley, Regional Head of Sustainability Affairs for the Asia Pacific region at Credit Suisse; Melissa Makwarimba, An independent consultant based in Zimbabwe who has over 15 years experience advising and building the capacity of public and private sector organizations, and Ms. Corazon D. Conde, Group Head of ADFIAP Consulting and a certified C3 Trainer and Bank Coach of GTZ.

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CEO VII goes Siem Reap, hosted by RDB

The seventh edition of the annual International Forum for Chief Executives of DFIs (CEO Forum VII) will be held in Siem Reap, Cambodia in November 2010 and will be hosted by the Rural Development Bank of Cambodia (RDB). This was confirmed by RDB’s Chairman and Chief Executive Officer, Mr. Son Kon Thour, during the CEO Forum VI held in Manila on October 28-29, 2009. The first three forums, starting in 2004, were held in Kuala Lumpur under the auspices of the Association of DFIs of Malaysia (ADFIM). It moved to Bangkok in 2007 and hosted by the SME Development Bank of Thailand and then back to Kuala Lumpur through ADFIM again in 2008 before this year’s event in Manila.

The CEO Forum, a platform for experience-sharing on latest issues and trends of relevance to ADFIAP members, partners and stakeholders, attracts around one hundred chief executives, board members and senior officers of these institutions worldwide.

The 2010 host RDB http://www.rdb.com.kh/ was established in January 1998 and received a banking license to operate initially as a specialized bank. The RDB is registered at the Ministry of Commerce and operates under the financial and technical guardianship of the Ministry of Economy and Finance (MEF) and control of the National Bank of Cambodia (NBC). RDB’s vision is to finance and refinance the country’s financial institutions, micro, small and medium enterprises, and community-based associations in rural and urban areas.

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ADFIAP, Azerbaijan Associations forge cooperation protocol

Invited and hosted by the Azerbaijan-Turkey Business Association (ATIB), ADFIAP Secretary General, Octavio B. Peralta visited the Azerbaijan capital city of Baku on October 8-9, 2009 to meet with same-purposed organizations and related government bodies to interest them in cooperating with ADFIAP on information and knowledge exchange on sustainable development as well as joint programs of mutual interest, including membership of Azerbaijan banks in ADFIAP.

In the ATIB headquarters, Mr. Peralta met first with its President, Prof. Ahmet Erentok and several of ATIB’s member-banks and affiliates where he introduced ADFIAP and presented its programs and activities. Interaction ensued and there was positive response for international cooperation.

The Azerbaijan Banks Association (ABA) was also visited by Mr. Peralta, meeting with its current Chairman, Mr. Eldar M. Ismayilov and its Executive Director, Mr. Farhad Aliyev. Other institutions visited by Mr. Peralta were the International Bank of Azerbaijan (Mr. Jahangir F. Hajiyev, Chairman of the Board), the State Committee for Securities (Mr. Mehman A. Abbas, Head of Executive Administration), the Ministry of Economic Development (Mr. Sahil R. Babayev, Chief Advisor, Mr. Elchin Ahmadov, Head of Division for Cooperation with International Financial Institutions and Mr. Fuad Ahmadov), the Azerbaijan Investment Company (Mr. Afgan Isayev) and the Central Bank of Azerbaijan, where Mr. Peralta met with its Governor, Dr. Elman Rustamov and Mr. Rashad Orujov, Director for Banking Supervision.

The tangible result of the meetings was the adoption of cooperation agreements between ADFIAP and ATIB and between ADFIAP and ABA to pursue joint activities such as conferences, training programs and mission exchanges.

ATIB www.atib.az is one of the prestigious unions uniting businessmen of Azerbaijan and from foreign countries operating in the country. It has gained great achievements during the period from its establishment by being the public union representing the interests of the business circle.

ABA www.aba.az is the public union that joins banks and non-banking credit institutions operating in Azerbaijan, with currently 48 members.

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ADFIAP to assume WFDFI Secretariat

In Its Board of Governors (BoG) meeting held in Istanbul, Turkey on October 5, 2009, the World Federation of Development Finance Institutions (WFDFI) has nominated ADFIAP to assume its Secretariat from 2010 to 2012. It was agreed by the BoG that the rotation of the WFDFI Secretariat be regularly undertaken every three years among the regional members.

The Board meeting was attended by the three of the four regional association members of the WFDFI – ADFIAP, the Association of National DFIs in Member Countries of the Islamic development Bank (ADFIMI) and the Latin American Association of DFIs (ALIDE). The African Association of DFIs (AADFI) was unable to attend. As the Secretariat of the WFDFI, ADFIAP will continue to build on the work done by ALIDE, the erstwhile Secretariat, and pursue programs and activities that are relevant and timely to the regional members.

The WFDFI http://www.wfdfi.org.pe/ was founded in Zurich in June 1979 at a UNIDO development bank conference by AADFI, ADFIAP, ALIDE and KfW of Germany to serve as a forum for the regional DFI associations to exchange experiences and best practices and to serve as a focal point for DFIs around the world.

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ADFIAP attends Greening Education Conference

ADFIAP expands its sustainable development outreach by participating in the “International Greening Education” event held from September 30 to October 2, 2009 in the “green city” of Karlsruhe, Germany that was organized by Etech Germany and Italy’s ADAPT (Green Jobs Observatory) at Marco Biagi Research Centre/ University of Modena and Reggio Emilia.

The event took about 50 education and environmental policy makers, delegates from international and development agencies, academicians, teachers, and environmental professionals from 23 countries through the need for greening the education, and through discussing effective initiatives that governments, education institutions and development organizations need to take to provide sustainable knowledge, skills, values and practices in classrooms and in the communities.

Etech Germany www.etechgermany.com is an [ECO] ² centered program that integrates both economical and ecological aspects in all of its projects. It is mandated by both private and public sector organizations to initiate projects leading to the reduction of carbon dioxide footprint. One of the major areas of GUT Etech Germany is to cooperate with education institutions and jointly develop and implement greening education programs.

ADFIAP was represented by its Secretary General, Octavio B. Peralta, and its consulting unit. Mr. Peralta gave the closing remarks of the conference. Ms. Corazon Conde and Mr. Alberto Reyno, represented the ADFIAP Consulting group.

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ADFIAP participates in Sustainable Products and Services Forum

On invitation by the UNEP/Wuppertal Institute Collaborating Centre on Sustainable Consumption and Production (CSCP), ADFIAP participated in the conference on “The Future of Sustainable Products and Services” held on September 27-28, 2009 in Essen, Germany.

The international event, attended by about 200 participants from 30 countries, brought together key players from a variety of disciplines to further the understanding and to drive processes that are currently ongoing in the field of sustainable products and services.

Sustainable product and service design is becoming a new point of leverage for brands wishing to retain their competitive advantage in the coming years. Enterprises, policy makers and civil society players have already started to understand sustainable products and services as a framework for driving growth, increasing shareholder value, heightening stakeholder satisfaction and protecting and enhancing environmental and socioeconomic standards.

The CSCP www.scp-centre.org was ADFIAP’s partner-institution in the Associations’ environmental governance standards project from 2005 to 2007 that was funded through a grant under the European Commission’s EU-Asia Pro-Eco Programme. ADFIAP was represented by its Secretary General, Octavio B. Peralta, and its consulting unit. Mr. Peralta was one of the panelists during the closing session of the event. Ms. Corazon Conde and Mr. Alberto Reyno, represented the ADFIAP Consulting group.

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ADFIAP, Etech Germany to organize Green Events

Under a cooperation agreement, ADFIAP and Globale Umwelt-Technologien GmbH Etech Germany will jointly organize programs under the theme of sustainable finance for ADFIAP member-DFIs and like-minded financial institutions.

Two events are initially being planned – an international conference on the greening of the financial sector and an online certification program for bankers in sustainable development. The conference is slated to be held in Karlsruhe, Germany on September 2010 while the online course will be launched shortly.

The green events are part and parcel of ADFIAP’s sustainable development mission that is aimed at providing its members with the opportunity to learn international best practices on green finance as well as to explore business models in the area of sustainable development.

Etech Germany www.etechgermany.com is mandated by both private and public sector organizations to initiate projects leading to the reduction of CO2 footprint. Together with its network partners from industry, research and development and education bodies as well with a range of experts covering different sectors of economy, Etech Germany works in the areas of sustainability management, green financing, education for sustainability; and in designing and implementing pilot projects that promote green technologies and ecological techniques, processes and practices.

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IDF holds Seminar on Human Capital Transformation in Manila

The ADFIAP’s Institute of Development Finance (IDF) successfully conducted the Third International Seminar-Workshop on Transforming Human Resources Management into Human Capital on September 21 to 25, 2009 in Manila, Philippines. The seminar was attended by 15 participants from ADFIAP’s member-DFIs in Samoa, Bhutan, Vietnam, Bangladesh, India, and the Philippines. Dr. Roberto De Ocampo, Former Secretary of Finance, Republic of the Philippines; and Chairman, RFO Center for Public Finance & Regional Economic Cooperation, graced the event as Keynote Speaker.

The five-day program gave opportunity for the participants to explore what can be done to reform the human resources management structure and development practices in development banks and financial institutions in the Asia-Pacific region to ensure that they can cope with the present financial crisis and other crises that will occur in the future.

The resource persons were: Mr. Orlando P. Peña, former ADFIAP Secretary General and Chairman and CEO, ABC Consulting, as the Course Director; Mr. Gerry Plana, CEO IiP Philippines and Executive Director, People Management Association of the Philippines (PMAP); Mr. Mario A. Torrefranca, Assistant Manager, Training-HRM, Development Bank of the Philippines; and Ms. Consuelo V. Dantes SVP, Planters Development Bank.

The seminar participants also attended the national conference of the People Management Association of the Philippines (PMAP) held on September 23, 2009, providing them another opportunity to interact with the HR Officers and Managers of Manila-based foreign and local companies.

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ADFIAP adopts Social Responsibility Principles for Associations

ADFIAP joins 200 other associations and non-profit organizations worldwide in adopting the “Global Principles for Socially Responsible Associations and Non-profits” initiated by the Washington, D.C.-based American Society of Association Executives & The Center for Association Leadership (ASAE & The Center). The Principles outline social responsibility guidelines for associations and non-profit organizations to adopt and implement in their daily operations.

The 30-point document includes provisions that guide associations on becoming more socially-responsible in areas related to association management, including advocacy, leadership, ethics, diversity, self-regulation, human rights, philanthropy and community service as well as environmental and economic sustainability. The Principles complement the United Nations Global Compact, a universally-vetted set of goals addressing many of the world’s most challenging problems.

For details of the Principles, please visit www.asaecenter.org/srprinciples

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ADFIAP grows to 108 members, 41 countries

With four (4) more institutions joining as members, ADFIAP’s membership has now grown to 107 members in 41 countries and territories. Joining ADFIAP recently are the Royal Insurance Corporation of Bhutan Limited, Lanka Orix Leasing Company Plc (LOLC), Export Credit Guarantee Agency of Oman SAOC (ECGA),the Export-Import Bank of Malaysia Berhad (EXIM Bank), and Al Amanah Islamic Investment Bank of the Philippines (AAIIBP)

The Royal Insurance Corporation of Bhutan Limited (RICBL), originally incorporated under the Royal Charter in 1975, was registered in the year 1991 under the Companies Act of the Kingdom of Bhutan 1989. Its core line of business includes life insurance, non-life insurance and credit investment. Other businesses that RICBL is involved with are management of private provident fund, group insurance of civil servants, arm forces and monks, and manages the Rural House Insurance Scheme, an undertaking of the Royal Government of Bhutan. RICBL is one of the oldest financial institutions in the country with the Capital Fund over Nu. 650 million and continues to grow further and now ready to make another leap into the future as the country undergoes rapid socio-economic advances.

Lanka Orix Leasing Company Plc (LOLC) was incorporated in 1980 primarily to provide financial assistance to the SME sector in Sri Lanka under a World Bank project in collaboration with the International Finance Corporation, Bank of Ceylon, National Development Bank and Orix Corporation in Japan. Today,