ADFIAP, DBP, ECCP meet on implementation of green financing MOA

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ADFIAP, the Development Bank of the Philippines (DBP) and the European Chamber of Commerce of the Philippines (ECCP) held a meeting in the Association Headquarters on June 14, 2012 to actualize the recently signed Memorandum of Agreement (MOA) for a green financing and advocacy initiative that will benefit small and medium enterprises (SMEs) and local government units (LGUs) in the country.

Under the MOA, DBP will assist SMEs and LGUs in the development and implementation of their green projects through its environmental credit facilities under its green financing program. ECCP for its part, will serve as the main contact of its member-companies and its other stakeholders that are interested to avail of a loan under DBP’s green financing program. ADFIAP’s main role is to serve as a platform for the advocacy of green financing through the conduct of green finance awareness briefings, SME access to finance forums as well as linkage and capacity building-programs on sustainable consumption and production (SCP) and green investments to its network and members and other supporting organizations.

The first milestone that the partnership is aiming at is financing the participation of the SMART Cebu furniture companies in the “Furniture Asia 2012 Expo” in Shanghai in September, 2012. Officials from the DBP Cebu Branch will join ECCP’s Organizational Meeting for Exhibitors on June 29, 2012 to present DBP’s financing package and thereafter hold one-on-one meetings with companies with financing requirements.

ECCP also invited DBP and ADFIAP to participate and promote their green financing programs and advocacy in a series of meetings of various industry associations, the first one of which is the General Membership Meeting of the Philippine Chamber of Handicrafts, Inc. on June 21, 2012 at the Design Center of the Philippines.

Those who attended the meeting were DBP officials AVP Annie Salayon and Ms. Airah Gonzales; ECCP’s Trade Officer Joan Zabala and ADFIAP Consulting’s Ms. Cora Conde, Ms.Cecile Ibarra and Ms. Cristy Aquino.

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