About DFIs for Corporate Governance
The DFIs for Corporate Governance Project is joint undertaking of the Association of Development financing Institutions in Asia and the Pacific, or ADFIAP and the Center for International Private Enterprise or CIPE.

ADFIAP is the focal point of all development banks and other financial institutions engaged in the financing of sustainable development in the Asia-Pacific region. Founded in 1976, ADFIAP has currently 113 member-institutions in 42 countries. The Asian Development Bank or ADB is a Special Member of the Association. ADFIAP is also a founding member of the World Federation of Development Financing Institutions or WFDFI composed of regional associations in Africa, Asia-Pacific, Latin America and the Middle East. ADFIAP is an NGO in consultative status with the United Nations’ Economic and Social Council. The permanent Secretariat of ADFIAP is based in Makati City, Metro Manila, Philippines.

CIPE is a non-profit affiliate of the U.S. Chamber of Commerce and one of the four core institutes of the National Endowment for Democracy. CIPE has supported more than 920 local initiatives in 105 developing countries, involving the private sector in policy advocacy and institutional reform, improving governance, and building understanding of market-based democratic systems. CIPE programs are also supported through the United States Agency for International Development.

Click this link to read more: Advocacy Governance ADFIAP
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Download here: Corporate Governance and Development Finance Institutions In Asia and the Pacific


The Association of African Development Finance Institutions (AADFI), in collaboration with the African Development Bank (ADB), is pleased to publish its Prudential Standards, Guidelines and Rating System (PSGRS) for African Development Banks and Finance Institutions.

In the year 2000, the AADFI requested the ADB to conduct a study on “Strengthening the African DFIs”. After the study, the ADB sponsored a consultative meeting of African DFIs, central banks, and commercial banks as well as multilateral finance institutions, including the World Bank Group and the International Monetary Fund on the study report. One of the conclusions of the Consultative Meeting, held in Abidjan, Côte d’Ivoire, from October 30 to November 1, 2001, was the preparation of suitable prudential standards and guidelines for African DFIs.

As with the development of other international banking and financial standards, the development of the DFIs Prudential Standards and Guidelines has been done in phases, and in a very participatory manner, involving all key stakeholders. The project went through three phases: establishment of the need for the guidelines; development of the draft guidelines; and pilot testing of the guidelines in selected volunteer institutions in six countries. Each phase was followed by a validation conference to review the draft guidelines and recommend further actions in their development. Three such conferences were organized: the AADFI General Assembly workshop in Ouagadougou, Burkina Faso, on 13th May 2006; the AADFI CEOs Forum in Accra, in November 2007; and the AADFI CEOs Forum in Sun City, South Africa, in November 2008. The validation conferences were also attended by central banks, Ministries of Finance, International, Sub-Regional and Multilateral organizations, including the ADB, World Bank, United Nations, and some of the regional economic communities.

Click this link to read more: Advocacy Governance AADFI