ADFIAP, represented by its Secretary General, Mr. Enrique I. Florencio, attended the Philippine MICE Conference (MICECON) 2023, the biggest gathering of Meetings, Incentives, Conventions, and Exhibitions (MICE) professionals held on March 1-3, 2023 at the SMX Convention Center in SM Lanang, Davao City. Located in the southern part of the Philippines and the center for

ADFIAP, represented by its Secretary General Mr. Enrique Florencio spoke at the 4th CEFIA Government-Private Forum on 16th February 2023 at the Bai Hotel Cebu, Philippines, and shared ADFIAP’s over two decades journey of embracing and embedding the principles of EESG (economic, environmental, social, and governance) together with its member-DFIs and their contribution in accelerating transition finance. At the 4th CEFIA Forum, ASEAN+3 government officials, international organizations, universities, and private companies gathered on-site or online and shared progress on activities and discuss future activities aimed at energy transition towards a decarbonized energy system in the ASEAN region.

Further, Mr. Florencio highlighted ADFIAP’s collaboration with CEFIA which has been very instrumental in enriching the understanding and capacities of its member DFIs in identifying and financing transition projects and broadening their knowledge of financial programs and products through the capacity-building programs.
The 4th CEFIA Forum was hosted by the Department of Energy, Government of the Philippines, in cooperation with the Ministry of Economy, Trade and Industry (METI) of the Government of Japan, with support from the ASEAN Centre for Energy (ACE). The CEFIA Forum was held back-to-back with the 17th ASEAN+3 NRE and EE&C Forum.

The ADFIAP Secretariat, led by Secretary General Mr. Enrique I. Florencio, met with Mr. Nishaman Karunapala, the new Managing Director and CEO of HDFC Bank of Sri Lanka, via Zoom. Mr. Florencio briefed Mr. Karunapala on ADFIAP’s mission, purpose, and advocacies, and invited him and his management team to the upcoming 46th Annual Meetings, which will be held in Almaty, Kazakhstan on May 15-17, 2023. Together with Mr. Florencio is ADFIAP Group Heads Ms. Sandra Honrado (Membership and Training) and Mr. John Alianza (Business Development and Marketing).

The Small Industries Development Bank of India (SIDBI) has expanded its presence in the region of Hosur by launching a new branch office to support micro, small, and medium firms. SIDBI, with cooperation from the Central Bank of India, also established a SIDBI Cluster Development Fund to assist in building infrastructure for MSMEs in clusters.

According to SIDBI chairman and managing director Sivasubramanian Ramann, financial support is supplied to state governments in term loans at concessional rates to fund initiatives involved in the MSME ecosystem following the launch of the new office. He stated that SIDBI took additional steps to increase credit flow to MSMEs and that the bank has just developed an automated straight-through process to approve loans up to Rs 50 lakh online in a couple of hours.

According to a press release, the Hosur branch will continue collaborating with MSMEs, industry groups, and all stakeholders to provide targeted financial assistance to MSMEs in the district and neighboring areas. During the inauguration, micro, small, and medium company clients received permission letters for term loans ranging from Rs 30 lakh to Rs 3 crore to acquire equipment and machinery.

Last year, the China Development Bank (CDB), one of the country’s policy banks, increased its financial support for agriculture. According to the bank, the outstanding agricultural-related loans in 2022 reached 250 billion yuan ($36.26 billion). The loans have provided significant help in ensuring food security, constructing agricultural and rural infrastructure, modernizing agriculture, improving rural living circumstances, and consolidating and expanding poverty reduction achievements.

Based on the announcement, the bank also issued 8 billion yuan in special financial bonds for rural regeneration last year. According to the bank, CDB will continue to provide financial assistance for agricultural and rural infrastructure and encourage rural regeneration in 2023.

As part of its efforts to promote sustainable transportation, the Fiji Development Bank (FDB) is the leading financial organization funding Electric Vehicle (EV) Charging Stations in Fiji. FDB contributes to Leaf Capital Pte Ltd’s EV charging stations at Kundan Singh and Mana Coffee.
Solar energy generated by solar panels installed on the rooftops of the Kundan Singh and Mana Coffee buildings powers the charging stations. Setaita Tamanikaiyaroi, Manager of Climate & Eco-Finance at FDB, emphasized that this is just the beginning as FDB committed to funding electric vehicle infrastructure and assisting in decarbonizing Fiji’s land transport sector under its Climate & Eco Finance Plan.
FDB encourages enterprises to embrace electric car financing. The goal of Leaf Capital, according to Alex Reddaway, Founder and CEO, is to bring about a fundamental change in the transportation business, which connects nicely with FDB’s goal of minimizing Fiji’s carbon footprint by lending to green ventures.
Mr. Reddaway said he was looking forward to opening more charging stations along the Coast and at RB Patel’s Jet Point in Nadi in the coming weeks and announced three new locations. He intends to have charging stations across Viti Levu by the end of 2023 before expanding to Vanua Levu.

The Development Bank of Mongolia (DBM) has been supporting the Mongolian Government’s program on advancing small and medium enterprises (SMEs). The DBM has been providing soft loans for the purpose of enhancing factory capacity of the SMEs which will expand their scope, generate employment, uplift standard of living, and help in the economic development of

Russia’s Vnesheconombank and Renova Group of Companies JSC signed a cooperation agreement during the Russian Investment Forum in Sochi, Russia, to work on financing high-tech, innovations and investments in disruptive technologies, including projects aimed at developing digital economy, industry 4.0, blockchain, and neurotechnologies. Both parties are going to pay special attention to supporting export of

The Development Bank of Japan (DBJ) offers “DBJ Green Building Certification” in order to support its customers who own or operate real estate properties with high environmental and social awareness. Based on its comprehensive evaluation system, which includes not only an environmental perspective but also a social one (owner response to social needs of the