1. ADFIAP 39th Annual Meeting in Samoa outstanding in content, organization

    group-photo Over a hundred ADFIAP members, partner-organizations and invited guests convened in Apia, Samoa on May 2-5, 2016 for the 39th ADFIAP Annual Meeting with the theme “DFIs: Building Partnerships for Climate Change Resilience.” The event, hosted by the Samoa Development Bank (SDB), the Samoa National Provident Fund (SNPF) and the Samoa Housing Corporation (SHC), was keynoted by Hon. Auelua Fatialofa Lupesoliai Tuilaepa Sailele Malielegaoi, Prime Minister of the Independent State of Samoa.

    As climate change is becoming a big concern and challenge which significantly affects many nations, including small islands countries and territories in the Pacific, this year’s conference theme is timely as it is relevant.

    Visit ADFIAP to read more.

  2. ADFIAP assumes as WFDFI Secretariat

    ADFIAP-To-Assume-As-WFDFI-Secretariat In its Board of Governors (BoG) meeting held at the ALIDE Headquarters in Lima, Peru on October 7, 2015, the World Federation of Development Finance Institutions (WFDFI) has designated ADFIAP as its Secretariat starting in January 2016. It is the second time since 2010 that ADFIAP has been appointed as WFDFI Secretariat. Consequently, ADFIAP Secretary General, Octavio B. Peralta, has been named as WFDFI Secretary General also for the second time in five years.

    The BoG meeting was attended by all four regional association-members of the WFDFI, namely, ADFIAP, the Association of African Development Finance Institutions (AADFI), the Association of National DFIs in Member Countries of the Islamic Development Bank (ADFIMI) and the Association of Latin American and Caribbean DFIs (ALIDE).

    The rotation of the WFDFI Secretariat amongst its regional DFI members was initiated in 1994 by the BoG which is composed of the Secretaries General of the regional associations.

    The WFDFI was founded in Zurich in June 13, 1979 at the UNIDO-organized Development Bank Conference by AADFI, ADFIAP, ALIDE and KfW of Germany to serve as a forum for the regional DFI associations to exchange experiences and best practices and to serve as the focal point for DFIs around the world.

  3. ADFIAP speaks at WFDFI international conference on development banking

    wfdfi-conference Under its commitment as a member of good standing of the World Federation of Development Finance Institutions (WFDFI), ADFIAP, represented by its Secretary General, Mr. Octavio B. Peralta, spoke and presented a global situationer of development finance institutions (DFIs) before an audience of about 100 participants from different countries of the world attending the international conference on development banking in the 21st century in Lima, Peru on October 8, 2015 at the headquarters of the Association of Development Finance Institutions in Latin America and the Caribbean (ALIDE).

    Aside from the four WFDFI regional association members, namely, ALIDE, the Association of African DFIs (AADFI), the Association of DFIs in Asia & the Pacific (ADFIAP) and the Association of National DFIs in Member-Countries of the Islamic Development Bank (ADFIMI), participants from multilateral development banks such as the InterAmerican Development Bank (IDB) also attended the event.

    The aim of the conference was to present a global perspective on the role, activities and practices of DFIs as well as trends in development banking around the world through WFDFI’s four regional member-associations cited above. The three conference sessions were themed, “Worldwide Development Banking: Concepts & Achievements, “Public Policies & Fields of Action of DFIs and “Public Development Banks: Toward a New Model”.

  4. ADFIAP Board re-elects Datuk Wan Ahmad as Chairman

    April.-Datuk-Wan-Azhar-bin-Wan-Ahmad-elected-new-ADFIAP-Chair The ADFIAP Board of Directors, in its meeting on April 23, 2014 in Moscow during the 37th Annual Meeting, has re-elected Datuk Wan Azhar Wan Ahmad, Managing Director of the Credit Guarantee Corporation Malaysia Berhad, as ADFIAP Chairman for a second and last two-year term which is in accordance to the Association’s constitution. Datuk Wan was first elected as Chairman on April 25, 2012 during the Board meeting held in Istanbul, Turkey.

  5. ADFIAP is a partner in EU’s SWITCH-HEMS project

    ADFIAP once again plays an important role in the implementation of a power efficiency project called “Switch to High Efficiency Motors” (SWITCH-HEMS). The kick-off ceremonies of the 4-year project was held on April 3, 2014, at the Dusit Hotel in Makati, Metro Manila in the presence of representatives from the European Union, the Department of Energy, the Philippine Sugar Millers Association and project partners. The project is one of the several projects of SWITCH-Asia funded through a 1.562 million Euro grant from the European Union (EU). Mr. Hans Farnhammer, representing the EU delegation in the ceremonies, emphasized the importance of the SWITCH-HEMS project in the pursuit of sustainable consumption and production (SCP), a priority initiative of the EU.

    The overall objectives of the SWITCH-HEMS project are: (1) to increase energy efficiency of the electricity-intensive industries and achieve reduction in electricity consumption and (2) to reduce contribution of industries in Green House Gases (GHG) emissions from energy use. The project’s specific objective is to increase the deployment of more efficient electric motors and drive systems in Philippine industries. In a presentation made during the ceremonies, Mr. Raymond Marquez of the Institute of Integrated Electrical Engineers of the Philippines (IIEE), mentioned a scoping study by the International Finance Corporation (IFC) in 2012 which found that 20 companies that invested US$8.33 million in high-efficiency motors saved US$4.6 million annually in their operating costs. Potential electricity savings in these 20 firms reached 27,128 MGhr per year.

    SWITCH-HEMS will be implemented over a 4-year period starting in 2014. While the project will strive to help various private industry sectors, it will be focusing on the Philippine sugar industry for the initial year of implementation. Four (4) pilot sugar mill projects have been identified and they include Central Azucarera de Tarlac, Lopez Sugar Corporation, Central Azucarera de la Carlota and Central Azucarera de Don Pedro.

    The lead partner for the project is the IIEE, Inc., the only professional organization of electrical engineers accredited by the Professional Regulation Commission (PRC). Other partners include the International Copper Association Southeast Asia (ICA-SEA), the Asia Society for Social Improvement and Sustainable Transformation (ASSIST), the European Chamber of Commerce in the Philippines (ECCP), the Association Action for Sustainable Development (ASD) and ADFIAP. The project also has 3 associates namely, the Philippine Sugar Millers Association (PSME), Bank of the Philippine Islands (BPI) and the Department of Energy (DOE) of the Philippines.

    The European Commission launched the SWITCH-Asia program in 2008 to promote economic prosperity and help reduce poverty in Asia by encouraging a sustainable growth with low environmental impact from industries and consumers in line with international environmental agreements and processes. More specifically, SWITCH-Asia programme aims to promote sustainable products, processes, services and consumption patterns in Asia by improving cooperation retailers, producer and consumer organizations and the public sector.

  6. ADFIAP shares members’ climate and green growth finance to SMEs in Hanoi forum

    On invitation by the European Union’s DG Development and Cooperation – EuropeAid through its SWITCH-Asia Network Facility, ADFIAP Secretary General, Mr. Octavio B. Peralta, and ADFIAP Consulting Group Head, Ms. Corazon D. Conde, shared the experience of ADFIAP members as well as the Association’s work and advocacy at the “Climate and Green Growth Finance for SMEs” forum held on March 14, 2014 at the Sheraton Hotel in Hanoi, Vietnam. The event was part of the 3-day “Southeast Asia Climate Finance Workshop: Accessing Finance for Green Growth and Low Emission Development Strategies (LEDS)” – please see related story.

    Mr. Peralta spoke at the session on “Green Finance Opportunities for SMEs from the Public Sector” and presented a paper on “Regional Climate and Green Growth Finance Programs”, highlighting ADFIAP members’ lending facilities on energy efficiency, renewable energy, climate finance, carbon finance, green technology, and micro-energy financing. Ms. Conde was on the session on “Looking at Project Sustainability” that featured selected SWITCH-Asia projects that have already completed implementation, covering ADFIAP’s access to finance experience with its EU grant-funded SMART Cebu project.

    The event drew 50 participants from the SWITCH-Asia programme, the European Union, the Vietnam Ministry of Planning and Investment (MPI) and selected experts in the field of climate and green finance as well as SME finance.

    The E.U. SWITCH Asia Programme http://www.switch-asia.eu/programme/ has made the issue of sustainable consumption and production (SCP) a priority in its latest regional cooperation strategy to help interested consumers, businesses and supporting associations switch to a more sustainable paradigm.

    The SWITCH Asia Network Facility http://www.switch-asia.eu/network-facility/about/ (a) provides information on the SWITCH-Asia Programme, its grant projects, sustainable consumption and consumption (SCP) (b) distills knowledge of project practices to facilitate exchange of information and promote effective replication and up-scaling (c) organises networking events for the SWITCH-Asia grant projects to help them share their experiences and facilitate fruitful exchanges of lessons learned, success stories and best practices and (d) contributes to a wider dissemination of information material on SCP by publishing studies and reports, strengthening networks and synergies among SCP practitioners, policy-makers, researchers and experts.