AADFI Chief Executives successfully complete second peer review exercise at CEOs Forum

AADFI CHIEF EXECUTIVES SUCCESSFULLY COMPLETE
SECOND PEER REVIEW EXERCISE AT CEOs FORUM
IN KINSHASA – D. R. CONGO

The 2011 Annual AADFI CEOs Forum of African Development Banks and Finance Institutions on the theme “Strengthening African DFIs with Appropriate Standards and Guidelines: 2nd Peer Review & Rating of AADFI Member-Institutions” was held at the Grand Hotel Kinshasa, Democratic Republic of Congo from 7 -9 November, 2011. The Forum marked the conduct of the 2nd Peer Review of AADFI member–institutions which involved a review of the results obtained from individual self- assessments with the Association’s Prudential Standards, Guidelines and Rating System (PSGRS).
The Forum also provided opportunity for CEOs of Development Finance Institutions (DFIs) and other key stakeholders to review the implementation and application of the PSGRS in DFIs after the 1st Peer Review of member-institutions conducted in November 2009. It served as a platform to share experiences of regulatory authorities in supervising DFIs with the PSGRS, evolved strategy to sustain Stakeholders’ commitments to the Mechanism and deepening awareness and strengthening the application of PSGRS in member-institutions.

Thirty (30) member–institutions (including 27 national DFIs and 3 regional institutions) submitted their self-assessment for the Peer Review. The result which was announced, by the Review Consultant, Mr Paul Yuma Morisho of Group Challenge SA (Côte d’Ivoire), showed that the following 10 institutions scored above 80% mark for best performance in the following areas and order: http://www.adfi-ci.org/news/?id=50