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African Association of Development Finance Institutions (AADFI)

 

32nd ADFIAP Annual Meetings, Muscat, Oman, April 27 to 30, 2009

 

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 32nd 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 32nd 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:/http://www.adfiap.org/32nd/

 

 

34th ORDINARY GENERAL ASSEMBLY OF AADFI: POSITIVE RESULTS

 

 The Association of African Development Finance Institutions (AADFI) held its 34th Ordinary General Assembly in Maputo, Republic of Mozambique on 12 May 2008.

 

The Opening Ceremony, the working sessions and the Closing Ceremony were held at the Avenida Hotel, Maputo, Mozambique. Opening statements were made by Dr. Antonio Souto, CEO of GAPI the host institution; Mr Mvuleni Geoffrey Qhena, Chairman of AADFI; Mr Mandla Gantsho, Vice-President, Infrastructure, Private Sector and Regional Integration of the African Development Bank (ADB) as well as His Excellency Manuel Chang, Honorable Finance Minister of the Republic of Mozambique, who presided over the official Opening Ceremony.

 

In his statement to the Assembly, Dr. Antonio Souto expressed great delight for his institution, GAPI, to play host to the Annual General Assembly Meetings of the AADFI and requested the admission of GAPI, as member of the pan African Association for Development Finance Institutions.

Mr Mvuleni Geoffrey Qhena in his address informed the gathering of the Association’s activities and achievements in 2007 and urged member-institutions to continue efforts to keep the Association moving forward.  (More)

 

 

 

33rd OGA: GEOFFREY QHENA, ELECTED NEW CHAIRMAN OF THE ASSOCIATION

 

 

The Association of African Development Finance Ins­titutions (AADFI) held its 33rd Ordinary General Assembly in Shanghai, People’s Republic of China on 14 May, 2007.

 

The Opening ceremony, the working sessions and the closing ceremony were held at the International Convention Center, Shanghai, People’s Republic of China. Opening statement was made by Mrs Neo Sowazi, 1st Vice-Chairperson of AADFI and keynote address was delivered by Mr Mandla Gantsho, Vice-President, Infrastructure, Private Sector and Regional Integration of the African Development Bank (ADB). 46 delegates from 30 member-insti­tutions and observers attended the 33rd Ordinary General Assembly.

In her address, Mrs Neo Sowazi on behalf of the outgoing Chairman of AADFI Mr Victor J. Nembelessini-Silué, thanked the Chinese Authorities for the warm welcome extended to delegates as well as the excellent facilities put at the disposal of the Association for the hol­ding of the meetings. She underscored the main achievements of AADFI under the stewardship of Mr Nembelessini-Silué, namely the successful completion of the Model Prudential Standards and Guidelines for African DFIs, the provi sion of a new website for the Association, the increased spirit of ownership and qua­lity of participation of member-institu­tions and the coming back of some former member-institutions as well as strengthe­ning the ranks of the Association’s core group of regular members.

 

She also stated that the vigorous campaign to reco­ver subscriptions arrears as well as the willingness of the core group of regu­lar members to pay their contributions enabled the Asso­ciation to ensure its viability. In the same vein, she indicated that the joint efforts of the Executive Committee and member- institutions in 2006 had been fruitful once again as the Association could declare a net positive surplus of 15,600 Euro on its financial statements compared to a deficit of 52,391 Euro in 2004.

 

(More)

 

 

 

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