Best DFIs in Asia Pacific named

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A development bank that brought the world’s first loans where borrowers are rated based on their environmental impact. A bank that invests in the construction of a waste recycling complex that spurs small enterprise development. A successful microcredit scheme that transforms women in rural villages into active entrepreneurs. These are some of the programs that won recognition at the 2009 Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Awards held in Muscat, Sultanate of Oman on April 28, 2009.

The Awards, held on the sidelines of the 32nd ADFIAP Annual Meetings, recognized outstanding individuals and ADFIAP member-institutions for their contribution in social, economic and environmental development as well as good governance practices in their respective countries. ADFIAP’s membership includes 100 member-institutions in 40 countries in the Asia-Pacific region.

The ADFIAP Awards also paid tribute to individuals who made a mark in their respective fields. Receiving this year’s much-coveted “Outstanding CEO Award” was Shri Rajender Mohan Malla, Chairman and Managing Director of the Small Industries Development Bank of India (SIDBI) for his achievement in spurring the development of micro, small and medium enterprises in his country. With his constant policy advocacy, the Indian government has provided more than US$2 billion to SIDBI for on-lending assistance to MSMEs. The development bank also brought home two trophies for winning in the SME development category and the special award for best website. Meanwhile, named “Distinguished Person of the Year” was Ambassador Jesus P. Tambunting, Chairman of Planters Development Bank based in the Philippines and former ADFIAP Chairman.

The following were the outstanding DFIs cited in various categories:

  • Environmental Development: Development Bank of Japan for coming up with the world’s first environmental due diligence program; and a special merit award for Bank Keshavarzi for its “Tooba Plan” project;
  • SME Development: SIDBI, for its Enterprise Management Development Services project; and a special merit award to the Philippine Export-Import Credit Agency for its wholesale direct lending program;
  • Infrastructure Development: Development Bank of Kazakhstan for its investment in the construction of a Waste Recycling Complex; and a merit award for Bank of Industry and Mine for financing the construction of mega infrastructure projects in Iran;
  • Technology Development: DFCC Bank of Sri Lanka for its “VS Turbo Limited Turbine Manufacturing Project”;
  • Trade Development: Export-Import Bank of India for its Overseas Investment Finance program;
  • Local Economic Development: Rural Development Bank of Cambodia for its integrated approach to promote a strategic commodity;
  • Development Finance-Led Poverty Alleviation: Development Bank of Samoa for its micro credit assistance to women groups; and
  • Corporate Social Responsibility: Development Bank of the Philippines for its Endowment for Education Program.

Special Awards

  • First Payor Award: IDBI Bank Limited (India);
  • Top Member Recruiter: Oman Development Bank;
  • Best Annual Report: Development Bank of Kazakhstan;
  • Best Website: Small Industries Development Bank of India (SIDBI)

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