NEWS

 

Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)

The financial meltdown that started in the U.S. has truly become global in its effect and impact. Here in the region, one can logically ask what the impact of this crisis would be on Asia-Pacific economies and financial institutions. The educated consensus is that it would be relatively limited. The main reason is that Asian economies are much more robust than they were more than ten years ago, when during the Asian Financial Crisis, they took the bitter pill by dealing directly, if not painfully, with the issues to keep their financial systems well-functioning again by implementing crucial structural reforms.

In the past, Asia-Pacific DFIs have proven themselves to be effective tools for economic development. Now, more than ever, as the current global crisis deepens and widens its scope, DFIs are again bracing themselves to respond and play a much bigger role as countries lay out varying “stimulus packages” to perk up their economies. While these are trying and challenging times for DFIs once more, there is also a silver lining for them to explore and take advantage of the opportunities that will arise from this crisis.

It is in this context that the 32^nd ADFIAP Annual Meetings 2009 is organized, adopting the theme,“Financing Development amidst the Global Crisis: DFI Responses, Challenges and Opportunities” with Oman Development Bank as host institution and the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) as co-organizer.  At this conference, ADFIAP members will have the opportunity to exchange their country experiences with others on the subject in order to enrich the discussion and broaden the options for the financing of development of the Asia-Pacific region. Representatives from various development financing institutions and international organizations worldwide have also been invited to share their institutions’ experiences in dealing with the economic crisis among fellow bankers.

We have the pleasure of inviting you to participate in the 32^nd ADFIAP Meeting to be held at Shangri-La’s Barr Al Jissah Resort and Spa, Muscat, Oman, from April 27 to 30, 2009.  For your further information, we are attaching Tentative Programme of Activities and the Registration Form. Contact: Ms. Sandy Lim, Senior Executive, Membership, Tel. No: (63-2) 816-1672 / 843-0932 / 843-5892; Fax: +63(2) 817-6498; E-mail: sandylim@adfiap.org.

ADFIAP Web site: http://www.adfiap.org/