ADFIAP holds 16th General Assembly meeting

GMADFIAP held its 16th Extraordinary Meeting of the General Assembly (GA) on May 3, 2016 in Apia, Samoa in conjunction with the 39th Annual Meetings which was also held there. The GA approved and ratified the following: (1) minutes of the 21st Ordinary Meeting of the GA held on May 13, 2015 in Nha Trang, Vietnam; (2) the audited financial statements of the Association for the year ending December 31, 2015; (3) honorary membership of Datuk Wan Azhar of Malaysia (4) welcomed new members, namely, the Development Bank of Tuvalu, Microfinance Development Fund, and Myanmar Microfinance Bank Limited); and (5) noted the achievement report by the Secretariat during the year 2015.

The GA is the highest body that meets every two years to elect the Board of Directors of the Association and passes upon organizational matters. It consists of duly-authorized representatives of each of the development financing institutions which are voting members of the Association.