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. Infrastructure financing models in Latin America

    Latin America and the Caribbean’s investment in infrastructure has a direct impact in the growth of the region. For this reason, financial institutions have started projects which benefit such investment with the smaller risk and promote a greater access of the population to house financing.

    Within the framework of the 45 Ordinary Meeting of ALIDE General Assembly, the Infrastructure and Housing Financing Technical Committee meeting was carried out. It was chaired by Ana Salveraglio, president of Banco Hipotecario del Uruguay (BHU). The main topic was the “Mobilization of Resources for the Development of Infrastructure and Housing Projects”, in order to analyze alternatives to finance social Infrastructure and Housing Projects; as well as to agree on common interest activities and to promote more inter institutional cooperation.

    In such sense, Ramón Guzmán Zapater, specialist, leader in Financial Markets, from the Inter-American Development Bank (IADB), pointed out that the investment in infrastructure in the energy, water and transportation sectors have a higher impact in growth, and that Latin America and the Caribbean need to invest 5.6% of their GDP a year, some US$280 billion to close their deficit. However, the financing gap is 2.6% of the GDP, around US$130 billion, an amount under the US$143 billion that private pension funds may orient towards fixed income instruments in public infrastructure.

    To contribute to develop infrastructure, the IADB combines resources of technical assistance, loans and guarantees. For this purpose, they have launched a new policy of guarantees that maximizes leverage and return of the public capital, facilitating the private investment supporting the development banking and governments in the diagnosis, risk assessment and design of the optimal financial strategy. The guarantees cover the credit risk of the political risk; and have been underused in the past by multilateral banks. Today they are more necessary because of the infrastructure deficit, the risk aversion and the fiscal restriction in the countries.

    Visit ALIDE to read more.

  3. 2015 Annual AADFI CEO Forum

    2015-Annual-AADFI-CEO-Forum-photo 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.

    Visit AADFI to read more.

  4. 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.

  5. 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”.

  6. O B I T U A R Y : WFDFI regrets the sudden demise of Dr. Rommel Acevedo, the legendary Secretary General of ALIDE

    rommel_premio WFDFI regrets the sudden demise of Dr. Rommel Acevedo, the legendary Secretary General of ALIDE (la Asociación Latinoamericana de Instituciones Financieras para el Desarrollo), and former Secretary General of World Federation of Development Finance Institutions, to WFDFI. We shall no doubt miss him dearly in view of the great contributions he has made to the work of ALIDE, to WFDFI and to development finance community at large.

    He was 62 and survived by his wife and children.

  7. A new ALIDE Network on Business and Investments

    A new ALIDE Network on Business and Investments, which was formalized on occasion of the Meeting of the Technical Committee on this subject held in Cartagena de Indias, Colombia, during ALIDE’s  last General Assembly, ALIDE 44, May 2014.

    Fifteen development banks and DFIs signed the Memorandum of Understanding and new additional entities were confirming their participation in this operational Network. These institutions were: Banco de Inversión y Comercio Exterior (BICE), from Argentina; Banco Nacional do Desenvolvimento Económico y Social (BNDES), from Brazil; Banco Colombiano de Comercio Exterior (BANCOLDEX);  FINDETER Financiera del Desarrollo, from Colombia; Banco de Crédito y Comercio (BANDEC), from Cuba; Corporación para el Desarrollo de Curaçao (Korpodeko); Corporación Financiera Nacional (CFN), from Ecuador; Banco Nacional de Comercio Exterior (BANCOMEXT), from México; Nacional Financiera (NAFIN), from México; Banco Nacional de Fomento (BNF), from Paraguay; Fondo Ganadero del Paraguay; Banco Agropecuario (AGROBANCO), from Peru; Corporación Financiera de Desarrollo (COFIDE), from Peru; Banco Nacional de Fomento de la Vivienda  y la Producción (BNVF), from the Dominican Republic; and Compañía Española de Financiación del Desarrollo (COFIDES).

    Click here for the following documents:

    • Final Report of ALIDE 44
    • The Memorandum of Understanding: Technical and Financial Cooperation to Increase Business and Investments in Latin America and the Caribbean
    • ALIDE 2014-2015 Agreed Working Program on Business and Investments
    • List of Participants

    With this Network, ALIDE is actively promoting intra-regional business, investments and project financing in Latin America and the Caribbean. Anyone interested in this ALIDE network, should not hesitate to contact ALIDE Secretariat

  8. 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.

  9. News from ALIDE: ICO congregated in Madrid leaders of twenty countries development banks

    The V Meeting of Latin America and Europe Development Banking Institutions was successfully held in Madrid, and was opened by the Secretary of State for Economy of Spain, Fernando Jiménez Latorre.  For two days, more than 100 representatives from 20 countries participated in different discussion panels and bilateral meetings. .

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