On invitation by the Asian Development Bank (ADB), ADFIAP is one of the partners of the multilateral financial institution’s Asian Urban Forum 2011 held from November 15-17, 2011 at the ADB Headquarters in Manila. The forum, with the theme “Financing Future Cities”, explored the range of financing mechanisms for infrastructure investments currently available to promote green, competitive and inclusive cities. This was done through sharing of experiences in new enabling frameworks and planning systems for urban infrastructure investment, explaining and discussing the use of new financing structure and investments, and showcasing project proposals and discussing practical financing potentials.
The forum focused on financing green, competitive and inclusive investments that are the thrusts of the new ADB Urban Operational Plan which was launched during the event. Leading figures in public and private financing and urban development discussed how innovative financing mechanisms support and promote technologies and approaches that make cities environmentally-friendly, energy efficient, competitive and inclusive. In-depth discussions on the three themes of environment, competitiveness and inclusiveness followed introductory presentations in parallel break-out sessions that elicited inputs from the participants. The forum was capped by a panel discussion on how the key topics can be taken forward by governments, multilateral development banks, the private sector and development agencies. Specifically, the panel commented on key tasks that need to be done, by whom, how and how this is going to be funded.
The event was attended by over 300 ministers, CEOs and other decision-makers in both the public and private sector, drawn from national and urban financing agencies in Asia, Asian cities and their network organizations, private sector financiers, equity providers and international organizations.
ADFIAP’s shared its expertise, knowledge and experience on its members’ green finance initiatives and projects by participating in the forum. ADFIAP was represented in the event by the ADFIAP Consulting Team led by Ms. Cora D. Conde, Group Head; Atty. Alberto B. Reyno, Managing Principal; Ms. Cecilia M. Ibarra, Head-Advocacy and Training; and Ms. Arlene S. Orencia, Head-Programs and Projects.