ADFIAP’s Institute of Development Finance (IDF) conducted its 4th run of the “Core Development Banking Program” (CoreDev) on November 23-27, 2009 at the Asian Institute of Management Training Center in Makati City, Philippines. Nine participants from Palau, Federated States of Micronesia and the Philippines who have successfully finished the course were granted the credential “Associate in Development Banking” by the IDF. Since 2005, IDF has already given this credential to 74 officers of ADFIAP member-banks.
CoreDev, which is the Level 1 of IDF’s credentialing program, consists of two modules. The first module on “Principles and Practices of Development Banking,” provides 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 on “Design and Appraisal of Development Projects” provides 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 includes appraisal techniques that distinguish between purely private-oriented investments and development projects.
Aside from the in-depth classroom discussions, the participants had an opportunity to visit the Landbank of the Philippines, the pre-eminent state-owned development finance institution in the country, and observed firsthand the role of the Bank and how it generally assesses projects that are submitted for loan request and/or equity contribution and also learned about the Bank’s credit and equity programs available to local conduit-institutions.
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