ADFIAP at APEC financial inclusion forum, proposes VCF and SIF as additional themes

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CDC APECADFIAP, represented by Ms. Corazon D. Conde, Group Head of ADFIAP Consulting (AC), was among the select institutions invited to the 2013 Asia-Pacific Forum on Financial Inclusion held on June 11-12, 2013 at the Turi Beach Resort, Batam Island, Indonesia. The Forum, with the theme “Financial Inclusion, Innovation and Regulation: Meeting the Challenges of Policy Reform and Capacity Building”, was jointly organized by the Asia Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC), the Asian Development Bank Institute (ADBI), APEC Indonesia 2013, Ministry of Finance, the Government of Indonesia and the Foundation for Development Cooperation. ADFIAP is a collaborating-institution of ABAC.

In the session on “Innovative Institutional Frameworks” chaired by Mr.
Kazuto Tsuji, Visiting Senior Advisor to Japan International Cooperation Agency (JICA) and Professor at Saitama University, Ms. Conde presented “Value Chain Finance and Small Infrastructure Development Finance: Experiences From the Work of Development Financing Institutions”. In her presentation, Ms. Conde highlighted ADFIAP’s proposal to include value chain finance (VCF)and small infrastructure finance (SIF) as additional themes to step-up APEC’s financial inclusion initiatives in the Asia-Pacific region. The outcomes of the Forum will be captured in a conference report to be presented during the APEC Finance Ministers’ Meeting in Bali, Indonesia on September 20, 2013.

The event, which brought together over 70 participants from public and private sectors, including financial regulators and policymakers, multilateral agencies, financial institutions, microfinance organizations and financial inclusion experts, provided a platform for policy dialogue on expanding new channels to serve the financial needs of the unbanked and underbanked and explored ways on how APEC can harness regional public-private cooperation to promote the sustainability and expansion of undertaking using these new channels. The agenda included the following topics: (1) Mobile and Branchless Banking (2) Retail Payment System(3) Remittances (4) Financial Infrastructure (5) Financial Identity and Data Flows (6) Legal Frameworks for Secured Lending (7)Innovative Institutional Frameworks (8)Financial Education and Consumer Protection and (9)The Way Forward.

APEC is the premier Asia-Pacific economic forum whose primary goal is to support sustainable economic growth and prosperity in the region. APEC has 21 member economies. The word “economies” is used to describe APEC members because the APEC cooperative process is predominantly concerned with trade and economic issues, with members engaging with one another as economic entities.

The ABAC was created by the APEC Economic Leaders in November 1995 to advise APEC on the implementation of its agenda and to provide the business perspective on specific areas of cooperation. ABAC holds an annual dialogue with the APEC leaders and engages in regular discussions with APEC Ministers in charge of trade, finance and other economic matters.

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