1. WFDFI well-received at World Bank Forum 2011

    The WFDFI, represented by its Chairman, Mr. Nihal Fonseka and its Secretary General, Mr. Octavio B. Peralta, was well-received by an audience composed of World Bank staffers, private sector development executives, and academics during the “Financial and Private Sector Development (FPD) Forum 2011” held on April 4-5, 2011 in Washington, D.C. The event was organized and hosted by the Financial and Private Sector Development Vice President of the World Bank.

    The Forum is the biggest annual event for World Bank Group staff and clients to network and discuss the latest challenges in financial sector and private sector development. The theme of this year’s Forum was ‘Building Competitiveness’. The Forum focused on the many paths being followed around the world: competitiveness strategies, innovation policies, industrial policy, policies to promote micro, small and medium enterprises (MSME) growth, and, in the context of climate change, strategies for green growth. These important issues are playing out now in most countries, across Africa, the Middle East, Eastern Europe, Asia, and Latin America. The well-attended forum drew a total of 750 participants from many countries.

    Mr. Fonseka and Mr. Peralta were together in Session 8 of the programme entitled, “Development Banks: Which Models Work in Emerging Market Economies?” The session notes that in the past five years, development banks (DBs) around the world have expanded and become increasingly important. The session covered such issues as: what are the main factors driving the expansion of DBs? is this a temporary or a long-term trend? to what extent is this trend undermining the role of private financial institutions? have DBs adopted new practices to prevent the mistakes and failures of the past? is the corporate governance framework of DBs sufficiently robust to prevent poor performance? what are the challenges faced by DBs?

    More details on the Forum can be found in this link: http://rru.worldbank.org/FPDForum/ and http://rru.worldbank.org/fpdforum/workshops-2011.aspx for the video coverage of the sessions.

  2. WFDFI Secretary General meets with KfW officials

    On mission in Germany for an ADFIAP project, WFDFI Secretary General Octavio B. Peralta found time to meet with Messrs. Christoph Tiskens, Haje Schutte and Salih Vildirim, Director, Division Chief and Senior Officer of KfW’s Corporate Strategy Investments and International Finance, respectively, to present the activities and projects of the World Federation of Development Financing Institutions (WFDFI) and a possible cooperation between the two institutions. ADFIAP is currently the Secretariat of the WFDFI.

    Mr. Peralta had interested the KfW officials on the value proposition of the World Federation in terms of its global network of development finance institutions and its activities and advocacies on sustainable development, notably on assisting small and medium enterprises (SMEs) which are also the sector focus of KfW. It will be recalled that KfW was instrumental in the foundation of the WFDFI in Zurich on June 13, 1979.

    KfW www.kfw.de is one of the leading and most experienced promotional banks in the world. It applies its knowledge and energy to sustainably improve economic, social and ecological living conditions and finances economic and social progress in developing and transition countries so that people may have better lives.

  3. WFDFI Seminar for CEOs of Development Banks Successful

    The Seminar for Chief Executives of Development Banks organized by the World Federation of Development Financing Institutions www.wfdfi.org.ph and hosted by the Center for International Private Enterprise (CIPE) www.cipe.org was successfully held on October 11, 2010 at the CIPE headquarters in Washington, D.C.

    The theme, “Institutional Integrity: Promoting Transparency & Accountability in DFIs”, afforded 40 participants from 30 institutions in 25 countries in Africa, Asia-Pacific, Latin America, North America and the Middle East to share and exchange information and experiences on good governance, business ethics and anti-corruption practices.

    Dr. Stephen Davis, Executive Director of the Millstein Center for Corporate Governance and Performance at the Yale School of Management and Mr. Nathaniel Heller, Managing Director of Global Integrity were the main speakers. Mr. Rajender Mohan Malla, Chairman & Managing Director of IDBI Bank India Ltd., Mr. Hector Rangel, General Director of Nacional Financiera, Mexico, Mr. Mvuleni Geoffrey Qhena, CEO of the Industrial Development Corporation of South Africa Ltd. and Mr. Mehmet Emin, Özcan, Vice Chairman of the Board of Directors of Halkbank in Turkey provided their country and institutional experiences on the subject.

    Dr. Nicholas Bruck, WFDFI Adviser and formerly with the World Bank, acted as seminar director and program facilitator. Dr. John D. Sullivan, CIPE Executive Director and Mr. Octavio B. Peralta. ADFIAP Secretary General, opened the seminar and welcomed the participants.

    ADFIAP www.adfiap.org is currently the Secretariat of the WFDFI.

  4. WFDFI unveils 2010 work plan, strategy map

    In response to the needs of the times and aspirations of its members, the WFDFI has set a modest but focused work plan for 2010 as well as put forward a strategy map that will guide the Federation for the next three years.

    The strategy map, which is a graphical amplification of the 3-year strategic plan presents key interlinked elements that are necessary to achieving the overarching objective of the WFDFI to be the world’s knowledge and advocacy focal point for financing sustainable development. The work plan, on the other hand, details the initiatives and activities of the Federation for 2010 that includes development of a new and enhanced website, publication of an e-newsletter, and the organization of a seminar for development banks in the periphery of the World Bank/IMF Annual Meetings in Washington, D.C. (please see separate story).

  5. WFDFI revives Annual Seminar for Chief Executives of Development Banks Worldwide

    The World Federation of Development Financing Institutions (WFDFI), in cooperation with the Center for International Private Enterprise (CIPE), is reviving its annual seminar for Chief Executives of Development Banks held last in 1998 as it will organize a “by-invitation only” seminar for development banks worldwide with the theme, “Institutional Integrity: Promoting Transparency & Accountability in DFIs” to be held on October 11, 2010 at the CIPE Conference Room in Washington, D.C.

    This event will be in the periphery of the World Bank/IMF Annual Meetings to be held also in the U.S. capital city. A maximum of 40 CEOs and high-level officers of development banks from Africa, Asia-Pacific, Latin America and the Middle East are expected to participate in the half-day seminar. The Board of Governors of the World Federation is scheduled to meet after the morning seminar.

  6. New WFDFI website now online

    The new World Federation of Development Financing Institutions (WFDFI) website is finally up. The site, developed by ADFIAP, the Federation’s current Secretariat, is a continuing work in progress which aims to serve as a one-stop resource center for knowledge and advocacies on sustainable development of the members of the WFDFI. it will also feature events, news, publications, announcements from members and partners as well as other relevant issues on sustainable development.

    The regional members of the WFDFI include the African Association of Development Financing Institutions (AADFI), the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), the Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (ADFIMI), and the Latin American Association of Development Financing Institutions (ALIDE).

  7. Virtual Worldwide Directory of Development Banks and DFIs

    WORLDWIDE FEDERATION OF DEVELOPMENT FINANCING INSTITUTIONS

    Special Project

    Virtual Worldwide Directory of Development Banks and DFIs

    (February 2009)

    Thanks to the contributions and data received from the Regional Associations, this Directory has already been prepared and incorporated into the site of the World Federation of Development Financing Institutions/WFDFI

    This WFDFI special project is the first effort made at the global level to put together basic institutional information about the development banks and DFIs from all over the world, in order to encourage the exchange of information and possibilities for cooperation and assistance across the board, including joint programs and projects.

    We would like to receive suggestions, corrections and additions to the information provided in the Directory. It is our intention to improve its data at least once a year, since we are planning to add further and more complete information in the future versions.

    The Regional Associations and the other development banks are invited to add the Directory to their own web pages and to circulate it among their members. We would like to receive information about the actions taken in connection with the Directory.

    Rommel Acevedo
    Secretary General
    WFDFI and ALIDE

    Download here

  8. ESRA E-learning Program Calendar for 2010

    Key Results of 2009 ESRA E-Learning Program

    In 2009, we held eight ESRA E-learning courses, four in English and four in Spanish. In total 167 participants took the course, 79 in English and 88 in Spanish. Most of the participants indicated that the course, tutors and coordinators were excellent, and 95% of them will recommend the course to their colleagues.

    ESRA E-learning Program Calendar for 2010
    Please see below the provisional dates for ESRA E-learning course for 2010:

    2010MonthLanguageSuggested Dates
    1st QuarterFebruarySpanish15 February to 5 March
    1st QuarterMarchEnglish1 to 19 March
    2nd QuarterMaySpanish10 to 28 May
    2nd QuarterMay/JuneEnglish24 May to 11 June
    3rd QuarterAugustSpanish2 to 20 August
    3rd QuarterAugust to SeptemberEnglish16 August to 3 September
    4th QuarterNovemberSpanish1 to 19 November
    4th QuarterNovemberSpanish8 to 26 November

    Follow this link to know more about UNEP Finance Initiative: http://www.unepfi.org

  9. ADFIAP drafts strategic plan for the World Federation

    As part of ADFIAP’s role as current Secretariat of the World Federation of Development Finance Institutions (WFDFI), ADFIAP has drafted a 3-year strategic plan that will guide the WFDFI in its quest to be a relevant and sustainable organization going forward.

    The plan, with the theme, “WFDFI: Dynamic and Visible”, articulates that for the WFDFI to be relevant and credible, it has to focus its mission and vision on being a knowledge and advocacy focal point of institutions providing and promoting sustainable development finance. It also sets goals to adapt continuously to changes in development banking, expand services and advance the interest of its members while, at the same time, be tangibly present, available and recognizable for its work and advocacy. The four key elements essential for the plan to work is acronymed “SPUR” for Sustaining membership, Promoting advocacy, Unleashing knowledge and Refreshing alliances and relationships worldwide.

    The WFDFI has presently four (4) regional association members, namely, ADFIAP, the Association of African DFIs (AADFI) based in Abidjan, Cote d’Ivoire, the Association of National DFIs in Member Countries of the Islamic Development Bank (ADFIMI) based in Istanbul, Turkey and the Lima-Peru-based Latin American Association of DFIs (ALIDE). Altogether, the WFDFI has 320 member-institutions in 106 countries and territories around the world. Based on the “rotating” Secretariat scheme, ADFIAP will be the WFDFI Secretariat from 2010 to 2012.

    The WFDFI was founded in Zurich on June 13, 1979 at a UNIDO development bank conference by AADFI, ADFIAP and ALIDE, with KfW of Germany as one of the founding Council Members. The WFDFI was formed to serve as a forum for the regional DFI associations to exchange experiences and best practices and to serve as a focal point for DFIs around the world. (http://www.adfiap.org/news/adfiap-drafts-strategic-plan-for-the-world-federation/)