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 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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