ADFIAP delegates promulgate the Kyrenia Action Agenda

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34th AGM group photo
The delegates attending the 34th ADFIAP Annual Meetings have drafted and promulgated a set of actions for consideration of their respective institutions as part of their commitment to the mission of their Association based on the discussions and deliberations made during the conference proper which had the theme, “Addressing Global Issues: The Strategic Role of National Development Finance Institutions” which put the “human dimension” of sustainable development at its core (please refer to the side bar on the Kyrenia Action Agenda)

“THE KYRENIA ACTION AGENDA”

PREAMBLE

WHEREAS the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), the focal point of 127 development banks and financial institutions engaged in the financing of sustainable development in 44 countries and territories, recognizes that the Association and its members need to look ahead strategically to address future financial, economic and social challenges brought about by a globalized world, do hereby promulgate the following action agenda:

Action Agenda No. 1

Boosting SME Access to Finance and Technical Assistance

RECOGNIZING that small and medium enterprises (SMEs) are the largest generators of employment and innovation in the economy and that most member-DFIs already provide financial and technical assistance to the sector, ADFIAP and its members will continue to enhance existing programs, services and funding resources as well as develop new ones to boost SMEs’ access to both financial and non-financial assistance to further spur the sector’s growth and prosperity.

Action Agenda No. 2

Accelerating Green Financing for Sustainability

ACKNOWLEDGING the enormity and scope of investments required to mitigate the dangerous effects of climate change, ADFIAP and its members will continue to pursue green financing initiatives by providing funds for energy efficiency programs, clean and renewable energy, low-carbon transportation, water and sanitation, waste treatment, green buildings and housing, sustainable agriculture and forests and other related environmental projects.

Action Agenda No. 3

Initiating Partnerships for Investment and Development

COMMITTING to the mission of ADFIAP in advancing sustainable development in members’ countries, particularly in using finance as an instrument to catalyze economic, environmental and social development, ADFIAP and its members will continue to seek private-public partnerships and collaborative undertakings to promote investment and sustain economic growth.

Action Agenda No. 4

Gearing up for Global Trade Facilitation and Expansion for Sustainable Growth

NOTING the current nature of international and regional trade and the opportunities that go with it, ADFIAP and its members will further improve their capability in providing trade finance accessing new technologies and platforms as well as granting other assistance to both exporters and importers that will help create a more dynamic and robust trade across the globe.

Action Agenda No. 5

Intensifying the Countercyclical Role of Development Finance Institutions in National Development Efforts

REALIZING the tremendous impact of the countercyclical role that development finance institutions played to help mitigate the effects of the recent global financial and economic crisis and re-stimulate national economies, ADFIAP and its members will continue to innovate and seek solutions to contribute to national development efforts by, among others, working with multilateral and regional financial institutions as conduits of development funds as well as with other stakeholders in the development sphere.

Adopted this 22nd day of April 2011 in Kyrenia, North Cyprus

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