The 2015 Annual AADFI CEO Forum of African Development Banks and Finance Institutions on the theme “Strengthening African DFIs with Appropriate Standards and Guidelines: 5th Peer Review & Rating of AADFI Member-Institutions” was held at the Speke Resort & Conference Centre, Munyonyo, Kampala- Republic of Uganda from 11-13 November, 2015. The Forum marked the conduct of the 5th 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) to review with all stakeholders, namely Director Generals in the DFIs supervisory Ministries, Governors and Heads of relevant Departments in the Central Banks, the implementation and application of the PSGRS Mechanism in DFIs after the 4th Peer Review of member-institutions with the AADFI PSGRS conducted in November 2014. It also examined member-institutions’ PSGRS Summary Ratings Score Sheets and Self-Assessment Results and approved the ratings awarded to them. The Forum enabled participants to identify aspects of the PSGRS Mechanism that needed to be revisited and suggested strategies on how the application of the PSGRS in DFIs could be strengthened. Finally, it served as a platform to share experiences of regulatory authorities in supervising DFIs with the PSGRS, network among CEOs and Stakeholders in development financing, discuss the way forward with the Peer Review and current issues concerning the DFI Sector in Africa.
Forty-six (46) African national institutions (including 26 ordinary AADFI member-institutions and 4 special AADFI member-institutions and 16 non AADFI member-institutions) submitted their self-assessment to the Peer Review.
The number of participating institutions being the highest so far recorded, indicates the increasing effectiveness of the PSGRS.
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