7th International CEO Forum
For Chief Executives Of Development Finance Institutions
Sokha Angkor Resort Hotel, Siem Reap, Cambodia
November 17 to 19, 2010

Keynote Speech
By H.E. Dr. Sok Siphana

Distinguished Guests,
Ladies and Gentlemen,

Foremost, let me welcome you all to Cambodia, and particularly to this historical city of Siem Reap, home of the Angkor Wat Temples, one of the Seven Wonders of the Ancient World.

Somehow I am glad that the conference organizers have chosen this city as the host city for their Seventh International CEO Forum, particularly when the thematic of the conference is all about prospects for new sources of growth in post financial crisis. There is a strong parallelism here. For those who are here for the time, for all of us who live in this particular town and in Cambodia as a whole, we know what crisis is, I mean “extreme crisis for nearly 3 decades”, “a genocide which has wiped out more than 2 million Cambodians”, “ghost towns and cities”, “utmost poverty and famine beyond human imagination”. But we also know what “rebirth and regeneration” means, as much as the meaning of “resilience in the face of extreme hardship”, and “a strong will to overcome and to thrive for a better future”.

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7th International CEO Forum
For Chief Executives Of Development Finance Institutions
Sokha Angkor Resort Hotel, Siem Reap, Cambodia
November 17 to 19, 2010

By Roger Megelas ITC

Excellency Mr. Minister, Mr. Secretary General, Distinguished guests, Ladies and Gentleman:

I am particularly honored to be here for this 7th CEO meeting in Siem Reap in the Kingdom of Cambodia.

Gathering in a city such as Siem Reap cannot be made without a reference to its glorious past and history. For all of us and especially in the context of the uncertain economic times, looking back at 2000 years of culture and exchanges amongst nations is certainly a powerful source of inspiration.

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ADFIAP 33rd Annual Meeting
10-12 May 2010
Conference Welcome Remarks
by Jean-René Halde

Good morning.

On behalf of everyone at the Business Development Bank of Canada, I welcome you all to Vancouver, to British Columbia and to Canada.

To those ADFIAP participants who are joining us for Day 2, I trust you had an enjoyable, productive day yesterday and I am confident you will find today just as interesting.

I offer a special welcome to our ADFIAP Chairman, Mr. Fuimaono Falefa Lima from the Development Bank of Samoa. We look forward to hearing you speak, Mr Lima.

I offer a second special welcome to Hon. Colin Hansen, Minister of Finance and Deputy Premier, B.C. Mr Hansen, thank you for joining us and thank you for hosting us in your beautiful city. We look forward to hearing about what you and your government have learned in your quest to facilitate the contribution that private sector forces can make to achieving public sustainability goals, as well as any advice you might want to offer.

You have probably already noticed, and if you haven’t you will when you visit the city, Vancouver is Canada’s gateway to Asia and Asia’s gateway to Canada.

While it is true that Canada’s historic ties are with Europe and our main ties are with the United States, the ties between us and Asian Pacific countries are many and strong. The port outside Vancouver is one of the busiest in the country.

I believe we DFIs have proven our worth during the global credit crisis and recession. The World Bank now recognizes the importance of public sector DFIs. An example from Canada: The Conference Board of Canada, a respected, centrist think tank has publicly stated that Canada’s public sector financial institutions provided necessary support to markets during the crisis.

If we had held this conference even a month ago, we would perhaps have been more celebratory. However events in Greece remind us of the uncertainty for many of the exit from the recession, the fragility of the international financial system and the possibility that credit markets could seize up as they did in ‘08.

So while it is important that we congratulate our organizations and employees for a job well done and recognize that governments and market players recognize our contribution, our primary responsibility is to show humility in the face of the future challenges, and resolve to fulfil our roles as effectively and efficiently as we can.

So it is very, very important that we learn from each other. Hence the importance of meeting regularly to share best practices like we are doing here today.

I suspect many of us have lots to learn about ways to finance entrepreneurial responses to sustainability challenges. But I also know that there are many here from whom we can learn.

I have recently been reminded how very quickly things can change. I read that in 2003, China had virtually no solar energy industry. In 2008, it was manufacturing more solar cells than any other country and winning customers from foreign companies that had designed the technology in the first place. And that’s not all: Clean energy grids and “clean coal” technologies are also part of China’s economic development plans.

And of course China is not the only one.

President Obama of the United States has vowed – and begun – to restore America’s investment in energy research and development to levels not seen since the space race. He has said: “The nation that leads the world in 21st century clean energy will be the nation that leads the 21st century economy. I believe America must be that nation.”

With respect to the President, I suspect there are people in this room who would like to beat him there.

I know that a great many of your countries are also acting to lead and benefit from the transition to a clean energy economy, and I look forward to learning from you. Learning will enable us to evolve so that we can support our clients.

Jean-René Halde
President and Chief Executive Officer,
Business Development Bank of Canada

Compiled speeches from the CEO Forum VI held on October 28-29, 2009 at the Dusit Thani Manila, Makati City, Philippines. Presentations, discussions and exchange of experiences were based on;

  • Development Finance and Migrant Workers
  • Fund Sources for Financing Development
  • Governance in Financial Institutions
  • Financing for Climate Adaptation and Mitigation
  • Financial Inclusion and Social Finance

Speech: International Trade Center: Export Impact for Good

By: Aicha Pouye
October 19, 2009
Geneve, Switzerland

On behalf of the International Trade Center, I am pleased and honored to be here for this 6th CEO meeting for the Chief Executives of Development Financial Institutions organized by ADFIAP.

The impressive level of attendance by this distinguished audience is in itself a testimony to the importance and urgency of the issues covered by this CEO forum and its timeliness.

Before going any further, I would like to express my sympathy with the Philippine people and others in the Pacific, especially in Samoa and Indonesia who have been recently badly affected by tropical storms and typhoons leaving a trail of desolation and pain.

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Speech: CEO Forum VI – Opening Remarks

By: Ambassador Jesus P. Tambunting
Chairman & CEO, Planters Development Bank
October 29, 2009
Dusit Thani Hotel, Manila Philippines

Distinguished Delegates, Friends, Ladies and Gentlemen, good morning. I am honored to be asked to give the opening remarks at today’s 6th CEO Forum. But first allow me to extend a warm welcome to all of you. To our friends from overseas, “Mabuhay”.

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Speech: Securing Lifeboats & Lifelines – Understanding the Climate Challenge, Building Local Solutions

By: Jose Ma. Lorenzo Tan
CEO, WWF Philippines

At the World Oceans Conference in Manado, WWF – the global conservation organization – released a new, comprehensive study on climate change impacts and solutions. This landmark document, entitled “The Coral Triangle and Climate Change – Ecosystems, People and Societies at Risk”, involved over 20 experts and drew data from over 300 peer-reviewed scientific articles. More than simply reviewing existing literature on climate shifts in the Region, the WWF study generates a series of climate scenarios that are likely to take place – depending on when and how the world responds to the challenges of climate change. In addition to increasing the pressure that is being exerted on the forthcoming UN Climate Change Conference in Copenhagen to make the hard, but necessary, decisions; this study provides governments, corporations and communities more detailed site-specific information to guide planning and stimulate front-line adaptation to provide sustainable lifetime value and maintain economic viability, despite a rapidly shifting climate.

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Speech at Panel Discussion on – Development Finance and Migrant Workers Remittances

By: Mr. Yogesh Agarwal
CMD, IDBI Bank Ltd., India
Manila, October 28-29, 2009

Mr. Reynaldo G. David, Development Bank of the Philippines, Ms. Humaira Azam, IPDC of Bangladesh, Mr. **, China Development Bank, and other distinguished guests. It is indeed an honour to be present amongst you. It is always a pleasure to participate in gatherings organized by ADFIAP where you get to interact with your counterparts across the globe who share their experiences and expertise. I have always enriched myself through such meetings and this time I ‘am sure it will be no exception. My sincere thanks to ADFIAP and Mr.Octavio B. Peralta for inviting me to be among you today. The topic of discussion today, i.e. ‘Development Finance and Migrant Workers Remittances’ assumes great significance in the developing world that we live in and also assumes great significance under the overarching umbrella theme of this CEO Forum.

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Speech: The Role of Financial Institutions for Sustainable Economic Growth

By: Takashi Hongo
Special Advisor
Japan Bank for International Cooperation

We are now facing two great threats in the global economy, namely the financial crisis and climate change. Scientific review of climate change has been almost completed and now we have to take actions. For combating climate change, financial institutions have a large role to play and we should be aware of it and take actions with government and industry.

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Speech: 6th International CEO Forum: Welcome Message

By: Mr. Fuimaono Falefa Lima
General Manager, Development Bank of Samoa and Chairman, ADFIAP
October 28, 2009
Dusit Thani Hotel Makati

The Honorable Press Secretary, Cerge Remonde, Ambassador Jesus Tambunting, Chairman and CEO of Planters Development Bank, CEOs of Development Financing Institutions represented here today, ADFIAP members and friends, ladies and gentlemen , a pleasant good morning to all of you. Welcome to this 6th International CEO Forum.

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Speech: Michel Bergeron’s Speech

Canada’s governance regime is based on one fundamental principle: state enterprises should operate at arm’s length from the government. This principle is so fundamental that it guides many of our dealings with the Government of Canada. This principle thus implies that management and the boards of state enterprises have significant autonomy on how to deliver their legislated mandate. But in order to ensure proper oversight and control over these institutions, this principle is counterbalanced by the principles of accountability and transparency. Together, the two build trust. No institution, no matter what its size or role, can remain viable for long if people think that it has failed to disclose information, explain its decisions and justify its actions.

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Speech: Development Finance and Migrant Workers Remittances

By: R.G. David
President & CEO
October 29, 2009 / 10:30 a.m.
Dusit Thani Hotel

Good morning. I hope you are enjoying your visit to our country. Fortunately, a month has passed since the twin typhoons Ketsala/Ondoy and Parma/Pepeng wrought havoc on our nation. Admittedly, the Philippines was hard hit — we had massive flooding and landslides — with the accompanying socio-economic costs. But, credit the Filipino resiliency and the new found responsibility revolution, we are re-building, reconstructing, and examining what we need to do avoid a similar catastrophe in the future. With our “can-do” attitude and a lot of hard work we will be back on track and to normalcy in no time at all.

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JBIC: Financing for the Environment and Climate Change Mitigation

By: Sumio Ishikawa

I. Profile of JBIC

The presence of the Japan Bank for International Cooperation (JBIC) in the Philippines can be traced since the 1960’s through the Export–Import Bank of Japan and the Overseas Economic Cooperation Fund. In October 1999, these operations were merged and became JBIC. Nine years later, a re-organization took place and last October 2008, the two types of operations conducted by the former JBIC were realigned: International Financial Operations was taken over by the Japan Finance Corporation (JFC), retaining the JBIC name and Overseas Economic Cooperation Operations was succeeded by the new Japan International Cooperation Agency.

JBIC is now the international wing of JFC. It inherited the operations of the former JEXIM and puts more emphasis in promoting business cooperation between Japan and other economies, under the principle that it will not compete with financial institutions in the private sector. It contributes to the sound development of the Japanese and international economy in three fields: (1) promoting overseas development and acquisition of strategically important natural resources to Japan; (2) maintaining and improving the international competitiveness of Japanese industries; and (3) responding to disruptions in financial order in the international economy. JBIC has a wide overseas network in 19 representative offices and 1 liaison office in Toronto (9 offices in Asia and Oceania, 6 offices in America, and 5 offices in Europe and Middle East).

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