**Siem Reap, Cambodia – October 8, 2024**
The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), represented by its Secretary General Mr. Enrique I. Florencio, and ADFIAP Institute and Membership Group Head Ms. Sandra Honrado, made a significant contribution to the Asia-Pacific Rural and Agricultural Credit Association (APRACA) Regional Policy Forum held in Siem Reap, Cambodia on October 8-9, 2024. The event, centered around the theme “Financing Agri-SMEs to Trigger Engines of Local Development,” brought together key stakeholders to discuss and explore strategies to empower small and medium-sized enterprises (SMEs) in the agriculture sector.

ADFIAP, a regional organization of development financing institutions, played a pivotal role by sharing insights, best practices, and innovative solutions aimed at enhancing access to finance for Agri-SMEs. The organization emphasized the crucial role that Agri-SMEs play in driving economic growth, fostering sustainable development, and reducing poverty in rural communities across the Asia-Pacific region.

ADFIAP highlighted the importance of tailored financial products and services designed to meet the unique needs of Agri-SMEs during the small group discussion and networking break. It also emphasized the significance of building strong partnerships between financial institutions, government agencies, and other stakeholders to create an enabling environment for Agri-SMEs to thrive.

The APRACA Regional Policy Forum served as a platform for knowledge sharing, networking, and collaboration among participants from diverse backgrounds, including policymakers, financial institutions, development organizations, and industry experts. Through engaging discussions, interactive sessions, and case studies, participants gained valuable insights into effective strategies for financing Agri-SMEs and unlocking their potential as engines of local development.

In conclusion, the APRACA Regional Policy Forum in Siem Reap, Cambodia, provided a valuable opportunity for stakeholders to come together, exchange ideas, and chart a course toward a more vibrant and inclusive agricultural sector. ADFIAP’s active participation and contributions have enriched the discussions and laid the groundwork for collaborative efforts to finance Agri-SMEs and ignite the engines of local development in the Asia-Pacific region.