IDF, ISU Hold Credentialing Program

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ADFIAP’s Institute of Development Finance (IDF) in collaboration with the U.S.’s Illinois State University (ISU) held the Core Development Banking Program (CORE), Level 1 of the ADFIAP Career Credentialing Program (ACCP), on December 11-15, 2006 at the Asian Institute of Management Conference Center in Makati City, Metro Manila, Philippines.

The 5-day, two-module, training course aims to enhance the capabilities and upgrade technical skills of DFI officers in the performance of their lending function. The first module is devoted to understanding the principles and practices of development banking. It also discusses the vital role of development financing institutions (DFIs) in the economic and social progress of a developing country as well as their responsibilities as financial institutions.

The second module is designed to provide the participants with essential knowledge and skills in designing and appraising development projects, specifically on financial and economic evaluation. The module also thoroughly discusses the different aspects of an investment design and how the financial and economic aspects fit into the overall investment plan submitted by a borrower. In addition, the module explains the difference in appraisal techniques between purely private-oriented investments vis-a-vis development projects.

As part of the program, the thirteen participants visited the Development Bank of the Philippines (DBP) where they learned the Bank’s project finance cycle as well as the Asian Development Bank headquarters. They also learned a bit of Philippine history during a tour arranged for them around the city of Manila.

Dr. Alberto Peña, an ISU Associate Professor on International Studies & Programs, was the main resource person of the program.

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