IDF Holds Seminar for Malaysian Central Bank

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ADFIAP’s professional career development and credentialing center – the Institute of Development Finance (IDF) and the Human Resource Development Center (HRDC) of the Bank Negara Malaysia (BNM), the country’s Central Bank, jointly organized an in-house program on “Core Development Banking Fundamentals in Development Finance”, specifically designed for the Development Finance & Enterprise Department (DFED) of the bank to enhance the capability of their officers and staff in the regulation and evaluation of the performance of development financing institutions in Malaysia. This program, held on November 20-22, 2007 in Kuala Lumpur , was attended by 20 middle and senior-level executives of the DFED.

Topics during the 3-day event included the vital role of development financing institutions in the economic and social progress of the country as well as their roles and responsibilities as financial institutions. The event also provided deeper insights on the need for development financing performance standards that could serve as guidelines for operation of development banks, in general. Relevant issues on long-term project finance, an important area of development banking, were also discussed.

The main resource person of the program was Dr. Alberto D. Peña, Professor and Associate Director of the Office of International Studies and Programs at the Illinois State University in the U.S.

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