“Everything you can imagine is real.”? Pablo Picasso
WB earmarks $82M to support India’s transport and road safety in Himachal Pradesh
The Government of India, the Government of Himachal Pradesh and the World Bank recently signed an $82 million project to support Himachal Pradesh strengthen its transport and road safety institutions by improving the condition, safety, resilience, and engineering standards of its state road network.
Source: World Bank .
IFC launches new 5-year Canadian Dollar Benchmark, raising CAD500 million to support developing countries
IFC, a member of the World Bank Group, recently issued a new Canadian dollar (CAD) global benchmark bond, attracting strong investor demand and raising CAD500 million to support a resilient recovery in developing and emerging markets, amid the COVID-19 health and economic crisis.
Promoting peace through infrastructure?
In recent years, international development cooperation has increasingly involved activity in fragile contexts. These areas often lack rudimentary infrastructure which is urgently needed in order to provide services (such as drinking water or electricity) to the suffering population. This poses the question of whether, and to what extent, infrastructure projects can also be used to promote peace.
IDB adopts money market data solutions and electronic trading platforms
The Islamic Development Bank (IsDB) has adopted Refinitiv money market data solutions as well as Money Market Auctions and Foreign Exchange (FX) electronic trading platforms to power its electronic transaction and manage currency exposure across the bank’s operations in 57 countries.
Young people in the Asia and Pacific region will be hit hardest and likely bear the long-term economic costs of the coronavirus disease (COVID-19) pandemic, according to a new report by the Asian Development Bank (ADB) and the International Labour Organization (ILO).
Exim Bank Study: E-commerce and organized retailing to propel growth in Indian packaging sector
In a study published by the Export-Import Bank of India (India Exim Bank), Indian packaging sector is expected to reach US$ 72.6 billion by 2020, growing at a CAGR of 18% during 2016-21. The food packaging industry is expected to reach around US$ 55 billion by 2020.
Source: Export Import Bank of India
BSN provides RM500 to strengthen use of digital applications in SME business operations
Malaysia’s Bank Simpanan Nasional (BSN) has made available RM500 million for a period of 5 years for small and medium enterprises (SMEs) in support of digital matching grant facilities to help SMEs with their cash flow and continue their operations in the face of pandemic and economic challenges.
Source: Bank Simpanan Nasional
CGC, Standard Chartered Bank extend financial assistance to SMEs
The Credit Guarantee Corporation (CGC) of Malaysia Bank and the Standard Chartered Bank recently signed an agreement that will make available MYR100 million in financing to help small and medium enterprises (SMEs) struggling with liquidity challenges in the aftermath of COVID-19 get back on their feet, and to sustain their businesses in this challenging health and economic crises.
Source: Credit Guaranteed Corporation
Pag-IBIG Fund earns COA’s highest opinion anew for 8th straight year
For the eighth consecutive year, Pag-IBIG Fund of the Philippines has again earned the highest opinion from the Commission on Audit (COA) for the presentation of its financial statements. State auditors have rendered its highest rating – referred to as an unmodified opinion – on the fairness of the presentation of Pag-IBIG Fund’s financial statements for the year 2019.
Source: Pag-IBIG Fund
LANDBANK earmarks P3-B loan facility for bus operators
Bus operators in need of capital to modernize their fleet may avail of a new lending program being offered by the Land Bank of the Philippines (LANDBANK). The state-owned bank has initially earmarked P3 billion for its I-RESCUE for BUS Transport Lending Program that targets public transport cooperatives and corporations for the purchase of modern public utility buses.
Source: Land Bank of the Philippines
IIB closes the book with a record oversubscription for a new RUB issuance
The International Investment Bank (IIB) recently held a successful book building for a new RUB issuance on the Moscow Stock Exchange under its registered bond program. The joint lead managers of the new 2.5-year bond are BC Region, Credit Bank of Moscow, VTB Capital and Russian Agricultural Bank.
ADFIAP holds webinar on post-Covid risk management imperatives
ADFIAP’s two service units, the Institute of Development Finance (IDF) and the ADFIAP Consulting (AC) Group, have collaborated to hold a webinar on “The Financial Disruptions of COVID-19 on Financial Institutions: A Dialogue on How to Traverse the Road to a Better Normal” on August 26, 2020 at 2:00 p.m. Philippine Standard Time.
Responsible lenders must respond to COVID-19’s realities
The effects of the Covid-19 pandemic have rippled throughout Southeast Asia, causing immediate and deep disruptions to economic growth. There is an urgent need to bring in the right protections so that short-term relief measures do not become an unmanageable and long-term burden for borrowers and lenders.
Source: The Asian Banker
WHO global pulse survey shows 90% of countries report disruptions to essential health services since COVID-19 pandemic
The World Health Organization (WHO) survey on the impact of COVID-19 on health systems based on 105 countries’ reports indicates that data collected from five regions over the period from March to June 2020 illustrate that almost every country (90%) experienced disruption to its health services, with low- and middle-income countries reporting the greatest difficulties.
Source: World Health Organization
Waste not: The heavy toll of our trash
Every year, the world generates more than two billion tonnes of trash. Even against the backdrop of a global pandemic, there is much being bought and sold, things are used and discarded.But material goods don’t just disappear, their environmental impact lingers.
Building lasting member relationships with Brewarded
Things may just have gone full circle as members become increasingly difficult to connect with. Rather than throwing up your hands, it’s worth examining what you are doing to recognize your valued members – and then what you can do to nurture these relationships for mutual gain! Loyalty programs need to reward members according to the value they bring to their organisation.
APEC economic study on the impact of cruise tourism: fostering MSMEs’ growth and creating sustainable communities
This report provides a study through baseline data on the cruising effect on local communities, more specifically, micro, small and medium enterprises (MSMEs) in local communities in participating APEC economies and how the income generated from the cruise sector leads to better standards of living for local people.
World manufacturing set for biggest collapse in decades but impacts uneven – UNIDO report
In the second quarter of 2020 (April-June), global manufacturing output fell by 11.2 per cent compared with the same quarter in the previous year, according to official figures from the United Nations Industrial Development Organization (UNIDO). The dramatic drop reflects the economic impact of measures imposed to halt the spread of COVID-19, which overshadowed all other negative influences on the sector.
The 43rd ADFIAP Annual Meeting will be held virtually on October 28-29, 2020. Preparations are underway. Related information will be provided as soon as available. Be updated with association activities and initiatives by visiting the ADFIAP website regularly.
ADFIAP’s founding secretary general, Orlando ‘Orly’ Pena, passed away in his sleep on August 18, 2020 at the age of 90. He was diagnosed with liver cancer which was at an advanced stage. Orly, as his peers and friends fondly call him, set up the autonomous ADFIAP Secretariat in 1986, 10 years after the association was founded. However, since 1976 when ADFIAP was established, he already managed the affairs of the Secretariat through the now-defunct Private Development Corporation of the Philippines (PDCP) which hosted the Secretariat from inception to 1986.
ADFIAP MEMBERSHIP RENEWAL
Please update and remit your annual membership dues soonest possible. For inquiries, please get in touch with Mr. Enrique Florencio at [email protected]
Waitrose Delivery Vans: Vans Fuelled by Food Waste
Last year, British supermarket chain Waitrose introduced a new fleet of eco-friendly delivery vans. The vans run on biomethane, a sustainable green alternative to fossil fuels. Delivery vehicles are responsible for high levels of carbon emissions, and finding green alternatives to current delivery systems is crucial. Vans like the ones used by Waitrose could be a game-changer for delivery fleets across the world.
Source: Basher Eyre/Wikimedia Commons
Association of Development Financing Institutions
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