ADFIAP and its Canadian member, the International Financial Consulting Ltd (IFCL) held a joint webinar entitled, “How can NDBs Mitigate the Economic Impact of COVID-19?” at 9:00 a.m. Manila Time on April 9, 2020. NDB is an acronym for national development banks, which is interchangeably used in general for DFIs (development finance institutions).
The webinar was moderated by IFCL President and CEO Diana Smallridge, with a panel of experts namely, Glen Hodgson, Chief Economist, Michael Collins, Senior Advisor for Risk Management and Governance, and Christian Novak, Senior Advisor for Credit Risk and Financial Structuring.
Among the recommendations of the panellists to DFIs include taking an active stance in influencing policymakers, and in going an extra mile to reach out to major clients to know their short-term issues and concerns. Also highlighted in the webcast was the need for NDBs to reach out to commercial banks and multilateral financial institutions (MFIs), and to enhance their credit underwriting skills. It was also noted that NDBs play an important role during the best of times, as they do in the midst of crisis which all economies, big or small, are now faced with.
With an encouraging number of participants in the first of a series of webinars, discussions between ADFIAP and IFCL are now underway for a partnership on the development of more webinars and other e-learning modules on development banking and related topics.
For those who were unable to attend the webinar, you may access the recording of the event via the following link: IFCL-ADFIAP webinar on NDBs and COVID-19. For a copy of the presentation materials and other inquiry, please email Enrique Florencio at firstname.lastname@example.org.