News
ADFIP launches new Logo
The Vice President of the French Polynesia, His Excellency, Mr Anthony Geros officially launched the revamped ADFIP logo after officially opening the 24th ADFIP Annual General Meeting at the C.E.S.C. Papeete, Tahiti.
In June 2009, ADFIP launched its new branding. The new logo which consists three colours are assimilated to the Pacific people. It also means that ADFIP needs to refocus in order to grasp new challenges in economic development in the future of the ADFIP member nations.
The new branding new logo colours are:
Green: the colour of tropical pacific islands vegetations. Wealth, of sustainable logging, art and craft raw materials, eco tourism and sustainable cultivation.
Blue: the colour of the ocean or sea also the colour of the skies of the pacific. Wealth, sea harvest of fisheries, sea bed mining and natural gas, tourism and sustainable marine life environment protection.
Yellow: colour of sushine and sandy sands that exist on most pacific islands. Wealth, tropical sunshine for tourists, gold and mining of other precious minerals and pacific people's will to succeed in a developing islands.
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Banque SOCREDO hosts 2009 ADFIP Annual Meet
The 24th Annual General Meeting was held from June 29th - July 3rd 2009 at the C.E.S.C, Papeete, Tahiti and hosted by Banque SOCREDO, a co-founder of this organisation. The theme of this annual meet "Challenges Facing Pacific DFIs in the wake of the Current Financial Crisis" was very useful to the members' as they share their banks' experiences in the wake of the crisis. The participants were able to visit many projects, manufacturing, fishing and agricultural sectors as well as tourism.
The culmination of this Annual Meet was the celebration of the 50th Anniversary of Banque SOCREDO.
The trip to Bora Bora to the Intercontinental Resort and Thalasso Spa was a memorable and educational one. The ADFIP members' were able to see the Sea-Water Air-Conditioning System. For this project, the InterContinental Bora Bora Resort & Thalasso Spa is the first hotel in the world to use sea-water air conditiong, commonly called "SWAC", for all its cooling requirements.
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Bovoro, new Honorary Member
The ADFIAP General Assembly has conferred an honorary membership to Mr. Tukana Bovoro Arivakisati for serving the Association as Board Director, representing Fiji Development Bank (FDB), for many years and for his valuable contribution to ADFIAP. Mr. Bovoro was instrumental in FDB’s hosting of the 28th ADFIAP Annual Meetings in Nadi, Fiji in 2005.
Mr. Bovoro has been in the development banking service for more than 30 years now, having worked years with the Fiji Development Bank, with the Colonial National Bank in Fiji, the National Development Bank of Palau and, presently as the Chief Executive Officer of the Vanuatu Agriculture Development Bank.
In his acceptance note, he thanked the ADFIAP community for recognizing his achievements and vowed to continue working for sustainable development and help the Association toward this goal.
Honorary membership in ADFIAP is granted to individuals who have performed outstanding services in the field of development banking; those who have been closely connected with the profession of development banking; or those who have served the Association for many years.
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Eight members win ADFIAP Awards 2009
Recognizing their contribution to the development of their respective countries, eight member-institutions were honored during this year’s ADFIAP “Outstanding Development Project Awards” program held during the Gala Dinner and Awards Night on April 30, 2009 in Muscat, Oman.
The winners for this year’s edition of the Awards were: Development Bank of Japan, Inc. for its environmentally-responsible management evaluation program; Small Industries Development Bank of India for its enterprise management development services project; the Development Bank of Kazakhstan for its investment in the construction of a waste recycling complex; DFCC Bank of Sri Lanka for its “VS Turbo Limited turbine manufacturing project; Export-Import Bank of India for its overseas investment finance program; Rural Development Bank of Cambodia for its integrated approach to promote a strategic commodity (rice); the Development Bank of Samoa for its microcredit assistance to women groups; and the Development Bank of the Philippines for its national endowment for education program.
The ADFIAP “Outstanding Development Project Awards” are given to members, which in the judgment of the ADFIAP Awards Board, have implemented or enhanced outstanding and innovative development projects during the immediate past year. There are ten categories in all for the Awards – human capital development, environmental development, SME development, infrastructure development, technology development, trade development, local economic development, development finance-led poverty alleviation, corporate governance and corporate social responsibility.
Special citation awards were given to Bank Keshavarzi for its “Tooba Plan” project; the Philippine Export-Import Credit Agency for its SME wholesale lending program and the Bank of Industry and Mine for financing the construction of mega infrastructure projects.
The following institutions were also given special awards: First Payor Award was given to Industrial Development Bank of India (IDBI); Top Member Recruiter was given to Oman Development Bank; Best Annual Report went to Development Bank of Kazakhstan; and Best Website was given to Small Industries Development Bank of India.
The complete line-up of winners of the ADFIAP Awards 2009 is posted at www.adfiap.org/awards.php
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ADFIAP provides technical assistance to ADFIP
Covered under the Memorandum of Cooperation (MoC) between ADFIAP and ADFIP, the ADFIAP Secretariat in Manila provided a 5-day technical assistance program on association management and leadership for ADFIP’s Executive Director, Ms. Amelia Baro, from January 12-16, 2009. The program included orientation and familiarization on ADFIAP’s history, programs, projects and various activities as well as observation of the ADFIAP Secretariat’s operations and business units. Ms. Baro’s visit was also timed for her to observe the Secretariat’s annual business planning meeting held on January 13, 2009 (please see related story).
One of ADFIAP’s strategic directions is to work with regional, subregional and national DFI associations. The MoC between ADFIAP and ADFIP was signed on Many 11, 2005 during ADFIAP’s 28th Annual Meetings held in Nadi, Fiji to further strengthen both Association’s business and development objectives.
The Association of Development Financing Institutions in the Pacific (ADFIP) was established in 1986 to promote the interest of all members, to advance cooperation and to establish a machinery for the systematic exchange of information among members. It also aims to carry out studies on commonly experienced problems and training of staff thereby improving the expertise and effectiveness of member-DFIs.
Ratu Deve Toganivalu is FDB's New CEO
The Chairman of the Fiji Development Bank, Mr John Prasad announced on behalf of the Board of Directors the appointment of Ratu Deve Toganivalu as the Bank's new Chief Exectuive Officer.
Prior to the appointment, Ratu Deve has been working as the Acting Chief Executive Office of the Bank and counts over thirty three years experience in the Banking Industry. Ratu Deve is a graduate from the James Cook University of North Queensland, Australia with a Bachelor of Commerce majoring in Management and Finance.
Prior to joing FDB in 1987, he has spent twelve and half years of his career with the Bank of New Zealand. Since 1987, Ratu Deve has held various managerial level positions in the Bank including senior management positions as General Manager Operations, General Manager Agriculture and Development Finance, General Manager New Business and General Manager Business Risk Services.
Corporate Governance Seminar for Board Directors
A specialised training program organised by ADFIAP's Asia-Pacific Institute of Development Finance (IDF) in cooperation with the Association of Development Finance Institutions in the Pacific (ADFIP) on Corporate Governance Seminar for Board Directors was held at the Lagoon Resort, Pacific Harbour, Suva, Fiji on the 4-6th September 2008. It was well attended by 15 Directors' and CEOs' from 8 member DFIs in the Pacific and the training was conducted by Dr. Cesar G. Saldana, Ph. D., a founding fellow of the Institute of Corporate Directors (ICD).
Development Bank of Kiribati hosts 2008 ADFIP Meeting
As the ADFIP 22nd Annual Meetings draws closer, all preparations for the event are now in full swing. The meet, which consist the Annual Meetings of ADFIP and ADFIP Trustee Limited, will be hosted by the Development Bank of Kiribati at Christmas Island on July 8 to 15, 2008.
More than thirty delegates from ADFIP member-institutions, international partners and other invited organizations are expected to attend the event.
For inquiries and attendance, please email Ms. Amelia Baro at adfip@fdb.com.fj
Fuimaono Falefa Lima Assumes Chairmanship with ADFIAP
The ADFIAP Board has elected Mr. Fuimaono Falefa Lima, General Manager of the Development Bank of Samoa, as the new ADFIAP Chairman upon the decision of Ambassador Jesus P. Tambunting to stand down as ADFIAP Chairman after serving the Board for four years. Mr. Lima, the most senior Board Member, joined the ADFIAP Board of Directors in 1992 and was elected Vice Chairman in 2003. Under the Constitution, the ADFIAP Chairman has a term of office of two years, with re-election permitted to the same office for another term of office, or a total of four years.
Mr. Lima is a graduate of BA (Economics) from the University of the South Pacific in Fiji in 1975 and M.A. in Development Banking from the American University in Washington, DC in 1991. He joined the Development Bank of Samoa in 1975 as Loan Officer. He was promoted to several Senior and Management positions within the bank subsequently. His dedication earned him to the position of Assistant General Manager of Finance Administration and Development Department in 1985 and appointed as General Manager of the Bank in 1992.
He has attended several development banking and project investment promotion training conducted by ADFIAP and the Asian Development Bank (ADB). He was among the participants of ADFIAP’s First Executive Development Programme held in early 1980’s.
Mr. Lima is presently the Chairman of the Association of Development Financing Institutions in the Pacific (ADFIP).
Tehran hosts ADFIAP Meeting 2008 - Meeting a Huge Success
About a hundred delegates from ADFIAP members, partner organizations and invited guests convened in Tehran, Iran from April 28 to May 1, 2008 for the 31st ADFIAP Annual Meetings with the theme "Innovative Development Finance: DFIs’ Response to the Needs of the Times". The success of the Meetings was due to efficient and well-planned organization of the event by the host institution, the Bank of Industry and Mine, under the leadership of its Chief Executive Officer and Chairman of the Board, Dr. Mehdi Razavi, with the able support of the officers and staff of the Bank.
The Meetings was graced by Dr. Ghazavi, Vice President in Central Bank of Islamic Republic of Iran, who delivered the inaugural address. Dr. Razavi formally opened the event and gave the welcome remarks while Ambassador Jesus P. Tambunting, ADFIAP Chairman and Chairman and CEO of the Planters Development Bank delivered the opening remarks.
This year’s conference theme revolved around four (4) sessions with various relevant topics that was discussed and dissected by practitioners in the field of development finance. Each session became a platform for the delegates to exchange fresh ideas and best practices in the areas of innovative banking strategies, financial services and technologies, as well as governance, risk management, and human resource management, among others.
Other highlights of the Annual Meetings were: the Board of Directors Meeting; the General Assembly Meeting, where the Tehran Consensus was drafted; the Delegate-Meets-Delegate Networking Session, the ADFIAP Awards Night and the fellowship program, where the delegates were flown to the historic City of Esfahan for a day tour.
The 32nd ADFIAP Annual Meetings will be held in Muscat, Oman to be hosted by the Oman Development Bank (ODB). The exact dates will be announced in due time.