ADFIAP’s IDF runs 8th Development Banking Course, certifies 14 new professionals

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8thCOREDEV_web2ADFIAP’s Institute of Development Finance (IDF) conducted its 8th Core Development Banking Program (CoreDev) from September 30 to October 4, 2013 in Manila, Philippines. Fourteen (14) officers from ADFIAP member-banks in Russia, Vanuatu, Federated States of Micronesia and the Philippines who have completed the course were granted the credential, “Certified Development Finance Professional” (CDFP).

CoreDev is Level 1 of the ADFIAP Career Credentialing Program (ACCP), a process of accrediting and recognizing the professional competence of development bankers. The two-moduled CoreDev covers principles and practices of development banking in Module 1 while Module 2 covers the concept and procedures in project design and appraisal, how the financial and economic aspects fit into the overall investment plan submitted by a loan proponent as well as the difference in appraisal techniques between purely private-oriented investments vis-à-vis development projects.

Apart from classroom education, the participants got firsthand practical application through an institutional visit to the Development Bank of the Philippines (DBP) where they were briefed on how the Bank assess projects that are submitted for loan request and/or equity contribution; credit and equity programs available to the Bank’s conduit lending institutions; and the risk management system of the Bank.

The main resource person of the program was Dr. Alberto Pena, Professor & Associate Director of the Office of International Studies of the Illinois State University, U.S.A. For inquiries on ADFIAP’s Credentialing Programs, please email inquiries@adfiap.org

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