The Board of Governors of the World Federation of Development Financing Institutions (WFDFI) www.wfdfi.org.pe in its meeting in Singapore last September 18, 2006, has agreed to relaunch the Federation as a global forum, knowledge resource, and advocate of the work, achievements and aspirations of development banks worldwide.

The present WFDFI Secretariat which is the Peru-based regional association, ALIDE www.alide.org.pe, will draw up a plan of activities for 2007 and onward, aimed at making the Federation in synch with current issues and trends in development banking for the benefit of all its members.

The meeting was attended by ADFIAP, represented by its Chairman, Ambassador Jesus P. Tambunting and its Secretary General, Mr. Octavio B. Peralta; ALIDE by its Secretary General, Dr. Rommel Acevedo and its Adviser, Mr. Ricardo Palma; and the Istanbul-based ADFIMI www.adfimi.org by its Secretary General, Mr. Nuri Birtek.

The meeting was held at the offices of the Singapore-based ASEAN Bankers Association, through the kind accommodation of its Secretary General, Mr. Tay Kah Chye.