ADFIAP Board meets in Manila

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78th_BOD_grp_picThe ADFIAP Board of Directors held its 78th meeting on December 3-4, 2013 in Manila, Philippines. The 2-day event afforded the15 Board members and their proxies to visit/meet with the Development Bank of the Philippines (DBP) which provided the meeting venue; the Asian Development Bank (ADB) which briefed the Board on the Bank’s current thrusts on SME finance, infrastructure finance and climate finance – areas which ADFIAP is advocating for; and the Land Bank of the Philippines which hosted a gala dinner and cultural night. Other Philippine members, Planters Development Bank, Philippine Export-Import Credit Agency, People’s Credit Corporation, Small Business corporation, Pag-Ibig Fund, Esquire Financing, Inc. (provided the delegate’s kit), RCBC Savings Bank, Queen City Development Bank, Alalay sa Kaunlaran Inc., Al-Amanah Islamic Investment Bank of the Philippines and IFCL Group all supported the event.

ADFIAP Chairman Datuk Wan Azhar Wan Ahmad, Managing Director of the Credit Guarantee Corporation Malaysia Berhad, presided over the meeting where the Board approved/confirmed/endorsed the following matters: (a) minutes of the 77th Board of Directors Meeting held in Ulaanbaatar, Mongolia in May (b) ADFIAP Employee Retirement Plan (c) proposed Board Members’ tenure of two (2) terms of three (3) years each term, excluding the independent directors (d) membership of the Partnership for Economic and Social Initiatives, Development Bank of Mongolia, International Investment Bank, Optimum Development Bank, and IFCL Group (e) the 37th Annual Meetings in Moscow, Russia on April 23-24, 2013 and hosted by the Vnesheconombank (e) the CEO Forum X/2nd Joint ADFIAP-AADFI CEO Forum & 80th Board Meeting in Kuala Lumpur to be hosted by the Association of Development Finance Institutions of Malaysia (ADFIMI) in November 2014 (f) ADFIAP 39th Annual Meetings & 81st Board of Directors Meeting to be hosted by the Vietnam Development Bank in 2015) (h) the ADFIAP 2014 budget (i) granting of Honorary Membership to erstwhile ADFIAP Chairman, Mr. Nihal Fonseka of DFCC Bank Sri Lanka and Russia’s Vnesheconombank’s desire to serve in the Board.

At the ADB briefing, Mr. Trevor Lewis, Sr. Infrastructure Specialist, Regional and Sustainable Development Department, updated the Board on the Bank’s Public Private Partnerships (PPP) programs and activities; Mr. Shigehiro Shinozaki, Financial Sector Specialist, SME Finance, Office of the Regional Economic Integration (OREI), discussed the Bank’s strategies on SME finance, operations on SME , Asia SME Finance Monitor (a one-stop information sharing platform on SMEs and SME finance for developing member countries in the form of periodical and web portal), and possible collaborative activities between the ADB and DFIs; Mr. Michael Rattinger, Climate Change Program Coordination Unit, Regional and Sustainable Development Department, discussed the climate change in the Asia-Pacific, the Bank’s mitigation and adaptation initiatives and other environmental programs and activities.

The Board of Directors Meeting is being held twice a year in accordance with the ADFIAP Constitution’s governance provision to review policies, plans and direction of the Association as well as approve and confirm matters brought to its attention by the Secretariat.

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