Nine members win major awards

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Nine member-institutions from nine countries topped this year’s Outstanding Development Project Awards, an annual awards program which recognizes the ADFIAP member-banks’ achievements in nine (9) categories. The winners were presented with their trophies during the Awards Night on May 10, 2007 in Hanoi, Vietnam in conjunction with the 31st ADFIAP Annual Meetings.

The winning members are as follows: Japan Development Bank for Environmental Development; Small Industries Development Bank of India and Small and Medium Enterprise Development Bank of Thailand for SME Development; Bank Pembangunan Malaysia Berhad for Infrastructure Development; Development Bank of Kazakhstan for Technology Development; Bank for Investment and Development of Vietnam for Trade Development; Fiji Development Bank for Local Economic Development; Micro Finance Development Fund (Mongolia) for Development Finance-Led Poverty Alleviation; and Development Bank of the Philippines for Corporate Governance.

The winning entries were:

Japan Development Bank: “Earthquake Contingency Line Credit and World’s First Loan Program based on Disaster Management Ratings”

Small Industries Development Bank of India: “SME Rating Agency Ltd.” (SMERA); Small and Medium Enterprise Bank of Thailand: “Thai Kitchen of the World Loan Project”

Bank Pembangunan Malaysia Berhad: “Storm Water Management and Road Tunnel (SMART) Project”

Development Bank of Kazahstan: “Production Complex Biohim JSC BIOHIM Company”

Bank for Investment and Development of Vietnam: “Coffee Futures Trading: A Promising Opportunity for Traditional Product”

Fiji Development Bank: “Momi Bay Resort and Taunovo Bay Resort Projects”

Microfinance Development Fund: “Microfinance Outreach Program”

Development Bank of the Philippines: “DBP’s Corporate Governance Program”

For the 11th straight year running, the ADFIAP Development Project Awards has recognized the outstanding project achievements of member-banks and has become the hallmark of development performance and excellence in the region.

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