The 97th Board of Directors Meeting of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) took place on November 7, 2024, at the Legong Ballroom Sofitel Hotel Bali, Indonesia. It brought together esteemed board members and secretariat representatives.
H.E. Dr. KAO Thach, Chairman of the ADFIAP Board of Directors, warmly welcomed participants and set the tone for the productive meeting. The board approved the minutes of the 96th BOD Meeting, ensuring continuity and transparency. The proposed 2025 budget of the Secretariat was also reviewed and approved by the Board through its Finance Subcommittee, acknowledging prudent management and sound financial health.
Reports from Subcommittees on Finance and Membership, including the 2025 work plan, were also presented, showcasing progress and recommendations.
Mr. Enrique Florencio, ADFIAP Secretary General, presented a comprehensive report highlighting key achievements, ongoing initiatives, and plans. The report emphasized ADFIAP’s commitment to sustainable development, climate finance, and member engagement.
Lastly, the Board of Directors of ADFIAP is pleased to announce the addition of a distinguished new member, Mr. Nikolai Podguzov who serves as the Chairman of the Management Board of the Eurasian Development Bank, bringing with him a wealth of experience and expertise in the development banking sector. His appointment underscores ADFIAP’s commitment to broadening its network and fostering stronger collaboration within the Central Asian region, which plays a pivotal role in shaping the future of development finance. The Board looks forward to Mr. Podguzov’s valuable contributions and leadership in advancing ADFIAP’s mission and goals.