World Federation of DFIs Meets in Singapore

The Board of Governors of the World Federation of Development Financing Institutions (WFDFI) will convene in Singapore on September 18, 2006 to discuss matters on the operations of the organization and its future directions. The meeting, to be hosted by the Singapore-based ASEAN Bankers Association, will be held in conjunction with the IMF/World Bank Meetings to be held in Singapore.

Members of the WFDFI includes ADFIAP, the Latin American Association of Development Financing Institutions (ALIDE) based in Lima, Peru, the African Association of Development Financing Institutions (AADFI), and the Istanbul-based Association of Development Finance Institutions (DFIs) in the Member Countries of the Islamic Development Bank (ADFIMI).

The World Federation was founded in Zurich in June 1979 at a UNIDO development bank conference where AADFI, ADFIAP and ALIDE, jointly with KfW of Germany signed an agreement to establish the WFDFI. By the end of 1979, the WFDFI opened its Secretariat at the Instituto de Crédito Oficial (ICO) in Madrid. Todate, the Secretariat rotates among member-organizations every two years. ALIDE currently serves as the WFDFI Secretariat.

The WFDFI is at

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