To support one of the pillars of the 5-year ADFIAP Strategic Plan, i.e., membership development, and upon the Board’s recommendation and the General Assembly’s confirmation, during their separate meetings in Colombo, Sri Lanka on May 8-10, 2006, the following amendments to the existing provisions of Article 5 (on Membership) of the ADFIAP Constitution have been ratified:
5.1 Membership shall be open to institutions engaged in the financing of development in the industrial, service, or other productive sectors of the economy.
5.2 The Association shall have the following types of membership:
(i) Institutions in Asia and the Pacific engaged in the financing of development as a significant activity.
(i) Regional or sub-regional institutions in Asia and the pacific;
(ii) International organizations with which the Association
may decide to establish and maintain a relationship under Article 4.
(iii) Other institutions within or outside the region may be granted special membership with observer status by the ADFIAP Board of Directors on a case-to-case basis. As such, entrance fees and annual dues may be waived for a limited time.
(iv) Other institutions actively participating in the development of Asia and the Pacific
(i) Corporates and other commercial institutions or individuals that support and endorse the purposes and programs of ADFIAP and are willing to pay membership dues or contribution to Assist the Association financially.
(i) Institutions with provincial or state-wide operations on the recommendation of a member-institution in that country. (ii) Other financial institutions, including commercial banks with units or departments that cater to development-oriented activities such as but not limited to, small & medium enterprise banking, environmental lending, trade finance, microfinance, housing finance, etc.
(i) Individuals who have performed outstanding services in the field of development banking, or who have been closely connected with the profession of development banking, or have served ADFIAP for many years, may be conferred with Honorary Membership by the General Assembly.