ADFIAP’s Institute of Development Finance (IDF) conducted its 5th Core Development Banking Program (CoreDev), a Level 1 credentialing course, from November 22-26, 2010 at the AIM Training Centre in Makati, Philippines. Ten (10) officers from ADFIAP member-development banks in India, Palau, Samoa, the Philippines and another from the Republic of Sychelles, who all have successfully completed the program, were granted the credential “Associate of Development Banking”. This brings to a total of 85 officers who now have been granted this credential since the program started in 2004.
The CoreDev consists of two modules. The first module, “Principles and Practices of Development Banking”, provided the participants with pertinent knowledge and skills on the operational policies and workings of development banking as well as on the economic, social and governance aspects of development finance, including important guidelines on long-term project finance. The second module, “Design and Appraisal of Development Projects”, provided the participants with the different aspects of project investment design and how the financial and economic aspects fit into the overall investment plan submitted by a loan client. In addition, the module included appraisal techniques that distinguish between purely private-oriented investments and development projects.
The main resource person of the program was Dr. Alberto Peña, Professor and Associate Director of the Office of International Studies and Programs at the Illinois State University in the U.S.A. Mr. Cornelio Ananias, Vice President, Risk Management of the Development Bank of the Philippines (DBP), also provided his knowledge on the subject.