The ADFIAP Board of Directors, in its 72nd meeting in Siem Reap, approved the following matters: annual budget for 2011, four new members, the venues and dates of the 34th Annual Meetings and CEO Forum VIII, and the issuance of position papers of relevance and benefit to association members and its constituencies.

The annual budget consists of revenues totaling US$ 572,700 from membership dues ( 57%) , training fees (26%), consulting and service fees ( 2%), grants (12%) and other sources such as office lease, sale of publications and sponsorships (3%)as well as expenses estimated at US$ 487,400. It is expected that there is a surplus of US$ 85,300 for 2011.

The four new members are:: Amwal Credit Union; Global Procurement Consultants, Ltd; Parsian Farda Investment & Financial Counsellors Institute, and Entrepreneurship Development Institute of India – EDI which makes ADFIAP membership peaks at 120 in 43 countries and territories, an all-time high.

For 2011, the venue and dates of the 34th Annual Meetings and CEO Forum VIII are in Kyrenia, North Cyrprus on April 20-23, 2011 to be hosted by the TNRC Development Bank and in Thimpu, Bhutan in October 2011 (exact dates to be announced later) to be hosted by ADFIAP member-institutions in Bhutan.

The Board also approved the Secretariat’s proposal to issue position papers on relevant and beneficial topics from time to time to enable the Association to move into a higher level of not only providing knowledge resources in development finance but also on providing policy directions for sustainable development in the region.