ADFIAP awards members’ outstanding projects

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Twenty (20) ADFIAP members were honored for their outstanding development projects on May 10, 2017 at the Welcome Dinner and Awards Night in conjunction with the ADFIAP 40th Annual Meetings in Macao SAR, China.

The ADFIAP “Outstanding Development Project Awards” recognizes member-banks which have undertaken and/or assisted projects that have created a development impact in their respective countries. The ADFIAP Awards Program, which consists the individual and institutional, started in 1997 when ADFIAP hosted the “Summit on Development Finance” in Manila. The summit was a fitting occasion to honor members of the Association that have contributed significantly to the development of their respective countries. From then on, the Awards program has been a permanent ‘fixture’ in the Association.

The members who emerged as winners from more than a hundred entries were: the Development Bank of Turkey and Landbank of the Philippines for their projects “Enhancing Human Capital in Priority Regions” and “Management and Leadership Framework and Management and Leadership Development Programs (MLDP) Cooperative Immersion”, respectively (human capital development category); the Development Bank of Japan, Inc. and IDBI Bank Limited for their projects “Japan Wind Development Joint Fund” and “Lighting a Billion Lives”, respectively (environmental development category); DFCC Bank PLC and Small Industries Development Bank of India for their projects “Setting Up a Specialized Unit for Development of MSMEs” and “SIDBI’s SME Development Solutions and Initiatives”, respectivey (SME development category); Development Bank of Mongolia and Bank of Industry and Mine for their projects “Amgalan Heating Plant” and “Ilam Petrochemical Company”, Gotaresh Energy Tieh No, Mahtab Kahnooj Power Plant, respectively (infrastructure development category); Development Bank of Jamaica and Pag-IBIG Fund for their projects “Development of Multimedia Software U-TOUCH Using Jamaican Sign Language to Teach Standard English to Deaf and Hard of Hearing Students” and “Pag-IBIG Fund’s Electronic Payment and Collection Facility: Faster and Convenient Transactions for Members, Efficient Recording and Savings for the Fund”, respectively (technology development category); International Investment Bank and SME Development Bank Malaysia for their projects “Trade Finance Support Program” and “Best Exporter Program” (trade development category); Alalay sa Kaunlaran Inc. and Development Bank of Japan, Inc. for their projects “Increasing Economic Productivity of Small Holder Farmers and Indigenous Communities through Hanging Bridges” and DBJ’s Local Tourism Industry Support Initiatives”, respectively (local economic development category); Microfinance Development Fund and Fiji Development Bank for their projects “Promoting Microfinance in Bayan-Ulgii” and “Small Start, big Leap”, respectively (financial inclusion category); Philippine Export-Import Credit Agency and Employee Provident Fund for their projects “PhilEXIM Strategic Framework 2014-2017” and “EPF Corporate Governance Program”, respectively (corporate governance category); and Export Import Bank of India and IPDC Finance Limited for their projects “Jaipur Foot Centre” and “Commitment Broad Spectrum”, respectively (corporate social responsibility category).

Members who received the merit awards were: SME Development Bank for its project “SME Employee Capacity Building” (human capital development category); Development Bank of the Philippines for its project “Integrated Resource Recovery Management by FDR-Integrated Resource Recovery Management (environmental development category); Tekun Nasional for its project “Programme Zero to Hero (Successful Entrepreneur), (SME development category); Bank Pembangunan Malaysia Berhad and Philippine Export-Import Credit Agency for their projects “East Klang Valley Expressway” and Steel Asia’s Steel Bar Manufacturing Facility in Davao”, respectively, (infrastructure development category); Alalay Sa Kaunlaran, Inc. for its project “Shifting to Paperless Transaction: A New Landscape in the Microfinance Operation” (technology development category); Export-Import Bank of India for its project “Assistance to Sure Power LLC” (trade development category); Zarai Taraqiati Bank Limited and National Small Industries Corporation for their projects “Agri-warehouse Receipt Financing Scheme – Red Chili Pilot Prokect” and NSIC’s Model of Rapid Incubation for Creating Self-Employment Opportunities for Youth”, respectively (local economic development category); RCBC Savings Bank and Credit Guarantee Corporation Malaysia Berhad for their projects “My RCBC Savings Wallet Loading Partners” and Portfolio Guarantee (PG) for Micro Entrepreneurs”, respectively, (financial inclusion category); and Samoa Housing Corporation for its project “Habitat Build Project II” (corporate social responsibility category).

Special Awards went to Alalay Sa Kaunlaran Inc. for Best Sustainability Report; Credit Guarantee Corporation Malaysia Berhad for Best Annual Report; SME Development Bank of Malaysia Berhad for Best Website; and Optimum Development Bank for being the First Payor (special award for the promptest membership dues payment). For more details of the ADFIAP Development Project Awards, please contact the ADFIAP Secretariat at

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