IDF Holds Credentialing Program in Manila

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ADFIAP’s Institute of Development Finance(IDF) held its credentialing program (Level 1) -“Core Development Banking Program” (CoreDev) on November 26-30, 2007 at the AIM Training Centre in Makati City, Philippines. Sixteen (16) participants from member-banks in Malaysia, Sri Lanka, Fiji, China, Vietnam, Pakistan, Iran, and the Philippines successfully completed the program and were granted the credential, Associate in Development Banking. They are now eligible to eventually pursue the next level – the Development Bank Management Program.

The CoreDev program consisted of two modules. The first module on “Principles and Practices of Development Banking”, provided the participants with pertinent knowledge and skills on the operational policies and workings of development banking. It also dealt with the economic, social and governance aspects of development finance, including important guidelines on long-term project finance.

Module Two on “Design and Appraisal of Development Projects” provided the participants with the different aspects of project investment design and how the financial and economic aspects fitted into the overall investment plan submitted by a client. In addition, participants were familiarized on appraisal techniques between purely private-oriented investments on one hand and development projects on the other.

Aside from in-depth classroom discussions, the participants had an opportunity to observe firsthand the operations of Land Bank of the Philippines, one of the pre-eminent state-owned development finance institutions in the country. The main resource person of the program was Dr. Alberto D. Peña who is Professor and Associate Director of the Office of International Studies and Programs at the Illinois State University in the US.

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