dbp gets award for good governance vdb finances … · excellence by the g o v e r n a n c e ......

1ADFIAP NEWSADFIAP NEWSADFIAP NEWSADFIAP NEWSADFIAP NEWS

Jan-Feb 2018Volume 22, Issue No. 1

ALSO INSIDE

DBP gets award for good governance

The Development Bank of the Philippines(DBP) was presented with an award ofexcellence by the G o v e r n a n c eCommission for Government-owned andControlled Corporations (GCG) and theInstitute of Corporate Directors (ICD) forachieving one of the highest scores on theCorporate Governance Scorecard (CGS)

for government-owned andcontrolled corporations. DBP ranked fourth out ofthe ten (10) awardees with ascore of 91.50% based on the2016 assessment of its 2015operations. The Bank alsoposted the biggest leap amongthe awardees, jumping fromNo. 11 last year to No. 4 thisyear with a 28.8-pointimprovement. It also earned aperfect score of 35% in thesection on disclosure andtransparency.

The CGS is a quantitatively-drivenevaluation tool extracted from existing andglobal ly-accepted standards andpractices. It serves as an instrument toassess the corporate governanceperformance of GOCCs using amethodology benchmarked against theOECD Principles of CorporateGovernance and ASEAN CorporateGovernance Scorecard. It also aims torecognize well-governed GOCCs andraise corporate governance standards andpractices in the country. please turn to page 2...

VDB finances 28MWhydropower project

Vietnam Development Bank (VDB) andDakrong Hydropower Joint Stock Companyinked an agreement to finance the DongVan Hydropower project. VDB hadprovided a credit of VND 575B for theDong Van 28 MW Hydropower project inDong Van commune, Que Phong district,Nghe An province, a project of totalinvestment of VND 1.05 trillion.

The VND 1 3 5 B additional loanproceeds will be used to finance in thep r o j e c t’s construction cost andequipment purchase. The D o n g Van

DB Jamaica to implement A2FProject

Mr. Mominul Islam's reap-pointment as MD & CEO of IPDCFinance Ltd

ASKI's financial literacytraining for overseas Filipinoworker (OFWs) returnees

ADFIP's new chair

41st ADFIAP Annual Meetingin New Delhi, India

Workshop in innovativeclimate finance

CGC Malaysia, AmBank forgestrategic partnership to assist SMEs

Credit GuaranteeCorporation MalaysiaBerhad (CGC Malaysia)and AmBank h a spartnered to introducethe SME Biz PropertyExtra, a financingsolution which aims toassist qualified SMEs onproperty purchasing(asset financing) as wellas to gain access tohigher m a r g i n offinancing in funding theirworking c a p i t al

requirement (workingcapital financing) by usingthe same collateral.

The SME Biz PropertyExtra is positioned as ap a r t i a l l y - s e c u r e dfinancing package thatcomes with 70% ofCGC’s p o r t f o l i oguarantee (P G)coverage. With CGC’sguarantee, AmBank SMEBanking is able to provide

please turn to page 5...


ADFIAP News is a bi-monthly publication of theAssociation of Development FinancingInstitutions in Asia and the Pacific (ADFIAP).

Editorial Office: ADFIAP InternationalHeadquarters, 2/F Skyland Plaza, Sen. GilPuyat Avenue, City of Makati, 1200 Philippines.Email: [email protected]. Tel. Nos. (632) 816-1672 or 843-0932. Fax No. (632) 817-6498.

EDITORIAL BOARD

ADFIAP BOARD OF DIRECTORS

Robert JuanSandy Lim

Enrique FlorencioEditors

Mr. Shivjee Roy YadavNIDC Development Bank, Ltd.ChairmanMr. Nguyen Chi TrangVietnam Development BankVice Chairman

DirectorsMr. Ali Ashraf AfkhamiBank of Industry & MineMr. Phub DorjiBhutan Development Bank, Inc.Mr. Michael DenhamBusiness Development Bank of CanadaMr. Hu HuaibangChina Development BankMr. Batbayar BalganDevelopment Bank of MongoliaMr. Lakshman SilvaDFCC BankMs. Cecilia C. BorromeoDevelopment Bank of the PhilippinesMr. Masanori YanagiDevelopment Bank of Japan, IncMr. Sergei RoumasDevelopment Bank of the Republic of BelarusMs. Susana LauluDevelopment Bank of SamoaMr. Ahmet BucukogluDevelopment Bank of TurkeyMr. David RasquinhaExport-Import Bank of IndiaMs. Anna H. MendiolaFSM Development BankMr. Mark CloughFiji Development BankMr. Mahesh Kumar JainIDBI Bank Ltd.Mr. Mominul IslamIPDC Finance, Ltd.Ms. Claudia SchmerlerKfW BankengruppeMr. Sukhrob KholmuradovNational Bank of UzbekistanMr. Abdul Aziz Mohammed Zahir Al-HinaiOman Development BankMr. Kao ThachRural Development BankDato' Razman Bin Mohd NoorSME Development Bank Malaysia Bhd.

Mr. Sergey N. GorkovVnesheconombank

Mr. Octavio B. PeraltaSecretary General

ZTBL, NRSP team upto empower small farmers

Zarai TaraqiatiBank Ltd (ZTBL),the premierea g r i c u l t u r ef i n a n c i n ginstitution inPakistan, h a ss i g n e d amemorandum ofunders tand ingwith the NationalRural SupportP r o g r a m m e(NRSP) t ol e v e r a g esynergies between the two institutions,benefiting the farmer communities,especially subsistent-level small farmers.

Syed Talat Mahmood, President/CEO,ZTBL highlighted the direct role ZTBL as afinancing institution for the farmer has playedsince the past six decades and expressedhis resolve to empower small farmers of thecountry. Emphasizing the importance ofagriculture value chain financing, the ZTBLPresident elaborated his plans to offerbroader spectrum of financing serviceswhich not only will ensure healthy cash flowsfor small farmer but also provide him withplatforms where farming becomes a risk freebusiness especially hedging price/marketrisks, inculcation for agriculture bestpractices, strengthening inputs supply,enhanced and well suited mechanization anddeveloping farmers access to markets.

Dr. RashidBajwa, ChiefExecutive Officer ofNRSP, w h i l eintroducing theoperations andbusiness model ofNRSP, elaboratedthat the operationalstructure of NRSPconsisting of COs( c o m m u n i t yo r g a n i z a t i o n s )integrated to VOs( v i l l a g e

organizations) and LSOs (Local ServiceOrganizations) forms the back bone of theirsuccessful operational and businessstructure. He further elaborated that NRSPat present captures 25% share ofmicrofinance market. Construction ofwarehousing facility along with silos for ricepaddy in Hafizabad is categorized as theproject which has developed an entire eco-system by providing end-to-end solution tosmall farmers.

This project, he further elaborated, willhave multifold impact in increasing farmersproductivity and their profitability being a one-window solution for the entire cropping activityof a farmer, i.e., from input supply to marketingof the produce. Joint efforts of both theseinstitutions are anticipated to have a lastingimpact on the country’s agriculture landscape,by combining skills and expertise forempowering the small farmers.

DBJamaica to implement A2F projectThe DevelopmentBank of Jamaica(DBJ) will be thei m p l e m e n t i n gagency for the “TheAccess to FinanceProject (A2F)”, apartnership ofGovernment of Jamaica and the WorldBank. The A2F project is a US$15M projectthat will be executed during a period of fiveyears from January 2018 to January 2023,with the objective of improving access tofinance for micro, small and mediumenterprises (MSMEs).

The project consists of fourcomponents: Component 1: Enhancing theCredit Enhancement Facility (CEF) for

guarantees to MSMEloans; Component2: Supporting anSME Fund for riskcapital financing toSMEs; Component3: Improving theenabling environment

for access to finance and businessdevelopment services for MSMEs;Component 4: Project management.

DBJ, as implementing agency, will beresponsible of carrying out the project withdue diligence and efficiency in compliancewith all requirements pertaining toenvironmental and social protectionapplicable under the laws and regulations,and the environmental and socialmanagement framework (ESMF).

from page 1, VDB finances...

Hydropower Plant is expected to be inoperation by the third quarter of 2 0 1 8,providing an annual power average of

102.05 million kWh to deal with powershortages in some central provinces ofthe country.

Octavio B. Peralta


MEMBERS

MEMBER ANNIVERSARIES

Agrobank. Alalay Sa Kaunlaran, Inc. Asian DevelopmentBank. Bank Hekmat Iranian. Bank Nagari. Bank ofIndustry & Mine. Bank of Cook Islands. BankPembangunan Malaysia Berhad. Bank SimpananNasional. Baria Vungtau Development Investment Fund.Behsharh Industrial Group Investment Company. BhutanDevelopment Bank Ltd. Bhutan Insurance Limited.Bhutan National Bank, Ltd. Business Development Bankof Canada. China Development Bank. CommonwealthDevelopment Authority. Credit Guarantee CorporationMalaysia Berhad Bhd. Credit Guarantee Fund Trust forMicro & Small Enterprises. Development Bank of theRepublic of Belarus. Development Bank of Jamaica,Ltd. Development Bank of Japan, Inc. DevelopmentBank of Kaxakhstan. Development Bank of Mongolia.Development Bank of Samoa. Development Bank ofthe Phi l ippines. Development Bank of Turkey.Development Bank of Tuvalu. DFCC Bank. EmployeesProvident Fund. Entrepreneurship DevelopmentInstitute of India. Esquire Financing, Inc. ExportDevelopment Bank of Iran. Export-Import Bank of India.Export- Import Bank of Malaysia Berhad. Fi j iDevelopment Bank. First Credit and Investment Bank,Ltd. FSM Development Bank. House Building FinanceCompany Ltd. HDFC Bank, IDBI Bank, Ltd. InternationalFinancial Consulting Ltd. International Investment Bank.IPDC Finance of Bangladesh Limited. Islamic Corporationof the Development of the Private Sector. Japan Bankfor Internat ional Cooperat ion. Japan EconomicResearch Institute, Inc. Japan Finance CorporationMicro Business and Individual Unit. Johor Corporation.Khanh Hoa Development Investment Fund. KfWBankengruppe. Land Bank of the Philippines. MajlisAmanah Rakyat. Myanmar Microfinance Bank Ltd.Micro Finance Development Fund. Mongolian Chamberof Commerce & Industry. National Bank for Agriculture& Rural Development. National Bank of Uzbekistan.Nat ional Development Bank of Palau. Nat ionalDevelopment Bank (The). National Housing Bank.National Investment Company Pvt. Ltd. National Pensionand Provident Fund. Nationial Small IndustriesCorporation Limited (The). NIDC Development Bank Ltd.North Eastern Development Finance Corporation. OmanDevelopment Bank. Optimum Development Bank Inc.Pacific Islands Development Bank. Pag-IBIG Fund. PakOman Investment Company (Pvt) Ltd. PerbadananNasional Berhad. Perbadanan Usahawan NasionalBerhad. Philippine Export-Import Credit Agency. PT MultiInfrastruktur (Persero) Quang Nam DevelopmentInvestment Fund. RCBC Savings Bank. RegionalDevelopment Bank, Sri Lanka. Royal InsuranceCorporation of Bhutan Ltd. Rural Development Bank.Samoa Housing Corporation. Samoa National ProvidentFund. SIDBI Venture Capital Ltd. Small IndustriesDevelopment Bank of India. SME Development BankMalaysia. Tekun Nasional Malaysia. Thanh HoaDevelopment Investment Fund. Tonga DevelopmentBank. Tose'e Ta'Avon Bank. TRNC Development Bank.Uni t Trust of Samoa Ltd. Vanuatu Agr icul tureDevelopment Bank. Vietnam Development Bank.Vnesheconombank. Zarai Taraqiati Bank Ltd.

IPDC Finance Ltd reappointscurrent MD & CEO

Mr. Mominul Islam hasbeen recently nominatedas the Managing Directorand CEO for the thirdtime at a meeting ofBoard of Directors ofIPDC Finance Limitedwhich was later onapproved by BangladeshBank. IPDC Finance isthe first financialinstitution which wasestablished in 1981 andhas been continuing toplay their important role inthe economic sector ofBangladesh.

Mr. Islam was the Deputy ManagingDirector of IPDC Finance from July 2008

to December 2011 beforejoining as MD and CEO. Hehad joined IPDC in 2006 asHead of Operations. Mr.Islam had worked with theAmerican Express Bank(AEB) and StandardChartered Bank (SCB) formore than 7 years indifferent key positions. Assuch, he worked in differentcountries like USA,Singapore, Hong Kong, Indiaand the UK.IPDC has not only achievedtremendous success but

also has played an important role in socio-economic development sector of Bangladeshunder the leadership of Mr. Islam.

ODB to finance projectsin four new sectors

O m a nDevelopment Bank(ODB) hasannounced that itwill fund projects infour new sectors –logistics, miningand quarries, watersupplies, andw a s t emanagement, in abid to support theg o v e r n m e n t ’ sdevelopment plansand strategies,especially to fulfillthe objectives of the country’s 9th five-yeardevelopment plan.

The logistics sector, a newly-addedfield for funding, is one of the prioritizedsectors in the government’s developmentplans due to the high value of this sector.The sector will also ensure it makesoptimum use of the advanced infrastructurein the Sultanate, including ports, airports,industrial estates, and free zones. Thesector is also expected to contribute tocreating diversified job opportunities forOmanis.

The Bank affirmed that its financingthe mining and quarries sector comes in abid to keep pace with the developments

witnessed in themining sector, whichis one of thepromising andtargeted sectors in thedevelopment plan.The sector isexpected to increasethe added value of thelocal minerals andcontribute todiversifying sourcesof national income. Itwill also contribute toreducing reliance onoil products,

especially in focusing on the global demandfor local minerals.

The Bank added that financing watersupplies, drainage, and waste management isa reflection of the social, environmental anddevelopmental importance of these activities,and the role they play in enhancing high local-added value, such as the creation of jobs forOmanis and business opportunities for SMEs.

As for the financing of installation works,the Bank believes that this sector is connectedto a large number of lucrative economicactivities that can create opportunities forOmani youths to replace expatriates currentlyemployed in these positions.

Source: http://timesofoman.com/article/121617

ADFIAP is a community and like any other community, engagement and interactionof members of the community is vital to its success.We would like to hear your

feedback, ideas and thoughts on what you have read and seen in this Newsletter,or what we are missing, if any. Write us a brief note, and we will publish it for the

benefit of the community.

January

Development Bank of the Philippines (71 years)Rural Development Bank (20 years)Bhutan Development Bank Limited (30 years)NIDC Development Bank Limited (20 years)Philippine Export-Import Credit Agency (41 years)International Investment Bank (47 years)

February

National Development Bank of Palau (36 years)


ASKI, Citi Foundation transform lives of OFW returnees

The Philippines’ Alalay Sa Kaunlaran Inc.(ASKI), in partnership with Citi Foundation,conducted a basic entrepreneurship andfinancial literacy training for overseas Filipinoworker (OFWs) returnees in Nueva Ecija,central Philippines, last November 14-17,2017.

The activity is part of a Citi Foundation-funded project entitled “Promoting FinancialCapability and Entrepreneurship with Familiesof Migrant Workers”. More than 60 OFWreturnees attended the two-day seminar-workshop held at the Central Luzon State

University A l u m n iAssociation Multi-purposeHall in Science City ofMunoz on November 14-15 and Knights ofColumbus Hall,Cabanatuan City onNovember 16-17.

ASKI, throughprograms funded by CitiFoundation, has beenserving OFWs and theirfamilies for years topromote financial literacyand entrepreneurship.The programs aim totransform the OFWs and

their families into micro-entrepreneurs as wellas giving them access to micro-loans tosupport their plans to grow or set up their ownbusinesses.

The partnership of ASKI and CitiFoundation has benefited hundreds of OFWsin Singapore and their families in thePhilippines who have undergone financialeducation and entrepreneurship trainings.Many have successfully establishedenterprises that generate enough income toallow these OFWs to come home for goodand be reunited with their families.

HDFC Bank holds branchperformance awards 2017

Sri Lanka’sHDFC Bankonce againr e c o g n i z e dand rewardedits energeticand dedicatedstaff at ther e c e n t l y -c o n c l u d e dannual awardsceremony, withthe Bank’sChairman Mr. R. J. De Silva as chief guest.

At the event, 10 Business PromotionOfficers who had made outstandingcontributions by achieving individual targetsin the Bank’s “Palm Top Doorstep BankingService”, were recognized at the ceremony.Five branches of the Bank – Piliyandala,Kurunegala, Kalutara, Jaffna and Badulla –were also selected as the best branches intheir respective regions.

The Best Region Award was won by theNorth Western Region while The Best Branchof the Year 2016 award was bagged by

H o m a g a m aBranch, withthe l a t t e rb r a n c hreceiving threeother awardsfor best branchin large scalecategory, bestbranch ind e p o s i tmobil ization,and in loan

approvals.Monaragala branch was selected as the

“Emerging Branch of the Year” which is a newaward category introduced this year. TheRatnapura branch was recognized for staffefficiency while two other branches of theHDFC Bank, including the Hyde Park, andGampaha were also awarded for theirdedicated performance in the areas of NPLmanagement and savings mobilization. TheEmbilipitiya , Tricomalee and Polonnaruwa

PT SMI issuesIDR 7 trillion bond

Indonesia’s PT Sarana Multi Infrastruktur(Persero), a state-owned infrastructurefinancing company, issued IDR 7 trillion bondI SMI stage II -2017, which is part of ongoingpublic offering (PUB) of IDR 30 trillion. In thissecond stage of bond issuance, the PT SMIoffer was oversubscribed, with 30% of itcoming from foreign investors. This showeda high confidence from the market, to PTSMI’s performance, and to the Indonesianinfrastructure sector.

NDB puts premium tostaff and workplace

improvementAs part of the National Development Bank’s(NDB) on-going commitment in signifying itscore values in improving professionalism andintegrity within its workforce, the NDB staffwere proud to end 2017 with new sets ofuniforms. There has been gradual corporatebranding face lifts which has taken placesince 2014 as part of NDB’s on-goingcommitment in signifying its core values inimproving professionalism and integritywithin the workforce.

Firmly acclaiming its mission as theBank that provides a sustainable supply offinancial services within the agriculturesector, NDB also value the improvement ofits workforce which is significant instrengthening the delivery of its products andservices. The new uniforms is an addedvalue to the company and as a way forwardNDB believes in continuous improvement forfurther growth within its workforce.



LANDBANK boosts supportto local cooperatives

LANDBANK of the Philippines remainsaggressive in strengthening its support forthe country’s cooperatives after its outstandingloans to the sector reached Php37B as ofSeptember 2017. This is higher by16% thanthe Php31.9B in the same period last year.

From January toSeptember 2017, the Bankreleased Php20B in loans tosmall farmers and fishers(SFF) cooperatives – a 13%hike from the year-ago level ofPhp17.7B.

One training interventionthat LANDBANK offers tocooperatives is the “InnovativeTraining and Responsive

Approaches for Institutional Nurturing(iTRAIN)” – a capability program designedto develop and enhance the skills andcompetencies of the Bank’s cooperativeclients to help them efficiently handle theirrespective businesses and operations.

NBU signs Euro1B loanagreements with German banks

The National Bank of Uzbekistan(NBU) has reached loanagreements with leadingGerman banks in the amount ofEuro 950M. The agreementswere signed during the visit of agovernmental delegation ofUzbekistan led by Prime MinisterAbdullah Aripov to Germany onNovember 14-17, 2017.

The Uzbek-Germanbusiness forum was held inMunich on November 15, 2017where a package of agreementswas signed with the leadingfinancial institutions. The largest agreementwas signed with Deutsche Bank AG in theamount of Euro 500M aimed at supporting

large-scale investment projects inUzbekistan.

A g r e e m e n t s withCommerzbank AG worth Euro350M and with AKA Bank worthEuro 100M were also signed. Theagreements provide for thefinancing of investment projects aswell as for small businesses andprivate entrepreneurship. Thesigned loan agreements areconsidered ‘non-guaranteed’ asthey do not require a governmentguarantee.

Source:https://www.azernews.az/region/122339.html

Tekun Nasional promotesentrepreneur development centers

Malaysia’s Tekun Nasional ispromoting the entrepreneurdevelopment center, aninitiative to further improve thedelivery system in tandemwith government’s intentionand goal to provide better andmore efficient services to thepeople, especially to theBumiputera community.

The roles and objectivesof the center are to: provideinformation on the role and services providedby the Ministry as well as the agencies underit in order to create and develop

entrepreneurs in this countryand to cultivate entrepreneurialspirit and culture amongMalaysians; p r o v i d einformation on businessopportunities and incomegenerating activities that couldbe undertaken by theBumiputera community fromsurrounding areas; to be areference, service and supportcenter to existing and

prospective entrepreneurs; to be a center thatcreates networking among existing


PARTNER-ORGANIZATION NEWS

Vaine Nooana-Ariokais ADFIP’s new chair

IntroducingADFIP’s newChairperson. Withover 20 years ofexperience inbanking, VaineNooana-Arioka iswell placed tochair ADFIP’sboard. Vaine hasbeen ManagingDirector of theBank of Cook

Islands since 2008, and in that time thebank has seen growth in its marketshare, new services and productsreleased, reduced interest rates, andpartnerships with Government agenciesto deliver finance to unserved sectors ofthe Cook Islands community. Vaine has aMasters in International Economics andFinance from the University ofQueensland, along with an Affiliate inDevelopment Bank Management throughthe Asia Pacific Institute of DevelopmentFinance. She has held executive positions for arange of government and non-govern-ment organisations, including PunangaTauturu Inc., the Cook Island BusinessTrade and Investment Board and, morerecently, Chairperson for the FinanceCommission of the Cook Islands RedCross. We wish Vaine all the best in thisnew and exciting position!

from page 4, HDFC Bank holds...branches were awarded for the bestperformance in leasing finance, gold loans,and development finance, respectively.Small-scale category winner was Nugegodabranch while the Badulla branch walkedaway as the winner in medium-scalecategory. The Bank’s Kalutara, Piliyandalaand Peliyagoda branches were the runners-up in large, medium and small-scalecategories.

applicants with higher term loan facilities andfaster financing approval.

AmBank SME Banking has allocated aninitial portfolio size of RM100M to reach outto all eligible SME customers for this product.Since January 2015, AmBank Group hascommenced seven (7) tranches of PortfolioGuarantees (PGs) with CGC totalingRM1.35B, of which RM750M is under theSME Banking sector. The fund sizesurpasses AmBank SME Banking’s initialtarget of RM550M for 2017.

from page 1, CGC Malaysia, AmBank...


ADFIAP annual meeting inNew Delhi to cover inclusive and

sustainable development

ASSOCIATION NEWS

ADFIAP’s 41st Annual Meeting with the theme,“Promoting Inclusive & Sustainable Develop-ment—Role of DFIs,” will be held at the ITCMaurya in New Delhi, India on February 20-22, 2018. The event, hosted by ADFIAP mem-bers in the India which include IDBI Bank Lim-ited, Export-Import Bank of India, NationalBank for Agriculture and Rural Development,National Small Industries Corporation, Entre-preneurship Development Institute of India,National Housing Bank and North Eastern De-velopment Finance Corporation Ltd., will bekeynoted by the Honorable Union FinanceMinister, Mr. Arun Jaitley, and attended bymore than a hundred delegates from ADFIAPmembers, partners, and invited guests.

To be presented by international andlocal speakers are five (5) different topical

sessions covering, “Agricultural andRural Development” (Session 1);“Affordable Housing” ( Session 2);“Micro Small and Medium Enter-prises” (Session 3); “InfrastructureDevelopment” (Session 4); and “In-ternational Trade” (Session 5).

A pre-meeting session on“Cleantech Finance Lab: ScalingCleantech Innovation and Financing”will also be conducted in the after-noon of February 19. The event is under theEU-grant funded project, Asian CleantechMSME Financing Network (ACMFN) http://www.acmfn.com that aims to build and le-verage a cleantech financing eco-systemto spark improved access to finance forAsian cleantech enterprises.

Other highlights of the annual meet-ing include the Welcome Dinner and AwardsNight, the 87th ADFIAP Board of DirectorsMeeting, the 23rd Extra-ordinary Meetingof the General Assembly, the Delegate-Meets-Delegate networking sessions, theClosing Dinner, and Fellowship Day.

ADFIAP welcomes all of its membersto New Delhi, India! Please click here formore details of the event: http://www.adfiap.org/41st/

ADFIAP leads ACMFN 2018 planningADFIAP, lead part-ner of the EU-funded SWITCHAsia project,“Asian CleantechMSME FinancingN e t w o r k(ACMFN)”, held itsannual projectplanning and bud-get workshop onDecember 13-14,2017 in Mumbai,India together withits partners,Germany’s adelphi GmbH, China ElectronicEnergy-saving Technologies Association(CEESTA), Indonesia’s Perkumpulan UntukPeningkatan Usaha Kecil (PUPUK - The As-sociation for Advancement of Small Business)and the Confederation of Indian Industry (CII).

ACMFN http://www.acmfn.com is a 4-year project which aims to build and lever-age a cleantech financing eco-system tospark improved access to finance for Asiancleantech MSMEs in order to enhance sus-

tainable con-sumption andp r o d u c t i o npatterns inA s i a .Cleantech re-fers to prod-ucts, servicesand pro-cesses thatreduce ore l i m i n a t enegative eco-logical inputs,improve the

productive and responsible use of natu-ral resources and provide superior per-formance at lower cost.

The planning workshop started with aprototype development activity wherein chal-lenges faced by each national focal point(NFP) classified into: (1) ecosystem-build-ing, (2) engaging cleantech financiers, and(3) cleantech pipeline development were re-viewed and potential solutions and interven-


ADFIAP chairssession in IFC’s green

breakthroughsconference

In line with its advocacy on environmentaldevelopment and on the invitation of the In-ternational Finance Corporation (IFC), ADFIAPattended and chaired a session on green fi-nancing at the “3rd Annual Green Break-throughs Conference”, co-organized by theIFC, Philippine Green Building Initiative (PGBI),with support from the Philippine's DepartmentPublic Works and Highways (DPWH), heldon November 27, 2017 at the Shangri-la Ho-tel in Makati City, Metro Manila, Philippines.The event, with the theme “Green Building fora Better Future”, was keynoted by PhilippineSenator Hon. Loren Legarda and attended bymore than 200 participants from private andgovernment sectors.

During the conference, ADFIAP DeputySecretary General, Norman Tilos (far left inthe picture) , chaired the session on “GreenFinancing” which covered the key aspects offinancing green projects in general and andhousing sector in particular. The sessiontackled the various initiatives of the privateand government banks in financing greenprojects and their roles in advancing greenfinance in the country.

Other speakers who shared their insightson the theme during the event were: MariaTeresita G. Lacerna, Legal Advisor, CountryLead, IFC (Facing the Challenges: CreatingMartkets; Ar.Emelito C. Punzalan (GreenBuilding Code: Addressing the Building En-velope); Engr. Leandro A. Conti (Green Build-ing Code Impact: Optimized Chilled WaterSystem and Its Advantages); Engr. AnthonyJerome M. Lara (Green Building Code Impact:Water Efficiency through Waste Water Man-agement Re-Use; Mr. Werner Haberzetti, Ad-viser for Integrated Resources Managementin Asian Countries (Climate Change ResilientHouse); Mr. Autif Sayyed, Green Building Spe-cialist in Asia, IFC (Green Building Practicesin the Region; and Mr. Ommid Saberi, SeniorIndustry Specialist, IFC (EDGE Green Certifi-cation System)

The Annual Green Breakthrough Confer-ence is part of the Philippine Government ini-tiative to reduce carbon emission in the Phil-ippines for a cleaner and more sustainableeconomy.


from page 8, ADFIAP participates in...

ASSOCIATION NEWS

entrepreneurs from surrounding areas; and tobe a center for various entrepreneurialactivities and initiatives and development oflocal entrepreneurs.

Currently, there are 11 entrepreneurdevelopment centers (business centers) afterbeing established in 2008 located in strategicand easily-accessible areas for entrepreneurswishing to obtain entrepreneurship advisoryservices and information offered by the Center.

from page 5, Tekun Nasional promotes...

tion designs were discussed to help achievethe overall project goals at the country level.The NFPs shared their experiences and bestpractices on their project implementationschemes, including the presentation of theprototypes on successful strategies and ac-tivities which can be replicated.

The prototype workshop was followed bythe review of the country strategies andlogframes as well as presentations of theachievements for 2017 and action plans for2018. The proposed budgets of each countryto support their 2018 action plans were alsopresented and deliberated upon.

The workshop was capped by a meetingof the Steering Committee (SC) composedof all the project partners, with the proceed-ings summarized and the next steps agreedupon.

ADFIAP was represented by SeniorProject Manager Vic Abainza, Ms. Cora Conde,Senior Project Manager and Country Managerfor India, Atty. Alberto Reyno, Country Managerfor China, Ms. Cecilia Ibarra, Country Managerfor Indonesia and Ms. Carmen Cintura, ACMFNFinance Officer. CEESTA was represented byits Project Manager, Mr. Walter Ge; PUPUK byMr. Cecep Jaelani and Mr. Kristanto BudiNugroho, Senior Project Manager and ProjectManager respectively; CII by Mr. Kiran Ananth,Senior Project Manager, Mr.Murali Krishnan,Project Manager, Akshay Koul and NishaJayaram; and adelphi by Mr. Mirko Zuerker .

from page 6, ADFIAP leads ACMFN...

ADFIAP, ESCAP, SERDEF holdworkshop on innovative climate finance

ADFIAP, in collaboration withUnited Nations Economicand Social Commission forAsia and the Pacific (ESCAP)and the Small EnterprisesResearch and DevelopmentFoundation (SERDEF) con-ducted the 2nd National Work-shop on Innovative ClimateFinance: Mechanisms for theFinancial Institutions in thePhilippines on December 8,2017 at the One Pacific PlaceHotel in Makati City, Philip-pines. This program is partof the ESCAP’S regional project called “In-novative Climate Finance Mechanisms forFinancial Institutions in the Asia-Pacific Re-gion” which aims to advance climate changemitigation initiatives in 4 countries, namely,the Philippines, Indonesia, Pakistan, and SriLanka.

Among the speakers was Atty. RommelCuenca, Deputy Executive Director, ClimateChange Commission (CCC) who an-nounced that the CCC and ADFIAP are col-laborating on a project on “MainstreamingSustainable Climate Action within the Finan-cial Institutions in the Philippines.” He notedthat the leadership of ESCAP has commit-ted to support the project targeted for launchin 2018. Per ADFIAP Deputy Secretary Gen-eral, Norman Tilos, the five mainstreamingprinciples of climate action are: (1) committo climate strategies; (2) manage climaterisks; (3) promote climate smart objectives;(4) improve climate performance; and (5)account for climate action.

Mr. Cuenca further called on financialinstitutions to start investing towards greenand sustainable programs and identifiedareas of investments as follows: (1) energyand transport sector’s transformation; (2) cli-mate-friendly land use, i.e., food productionincluding the scaling up of weather index-based crop insurance systems; and (3) low-carbon and resilient critical infrastructure as-sets.

Another speaker, Ms. Subhi Shama pre-sented a research from the Climate PolicyInstitute (CPI), saying that there are threeways to enter the sphere and meet the vi-ability gap: (1) try and ensure the projectsincrease market revenue by offering differ-ent kinds of financial insurance, such asfeed-in tariffs, subsidies or carbon credits;(2) lower capital costs by getting other sec-tors involved such as by offering guarantees,concessional loans, and tax reductions; and(3) change the investment climate as awhole. She added that the improvement of

the financial landscape canbe done through capacity-building; development, imple-mentation and monitoring ofclimate policies; building ofmonitoring, reporting, andverification systems; and de-velopment of low-carbon andclimate-resilient demonstra-tion projects.

The national scopingstudy for the Philippines wasalso presented by Ms. ArleneLiberal of SERDEF and someof the recommendations in-

clude: (1) that the government, through theCCC, should play a stronger role in engag-ing key government agencies, such as theBSP, DENR, DOE, DOST, DPWH, DOTC,DILG, DA, and other stakeholders andshould increase public awareness on cli-mate change, measures on adaptation andmitigation, and the availability of climate fi-nancing; (2) that a more proactive role of BSP(Central Bank) in climate finance by includ-ing climate and other environmental initia-tives on its agenda, i.e., specialized schemesto incentivize banks, which is being done bythe Central Bank of Pakistan; and, (3) thatfinancial Institutions should be capacitatedon how to assess climate-related risks andgreen technologies, and on environmentalmanagement and governance.

A technical session concluded the work-shop and the following ‘way forward’ actionwere suggested: (1) to come up with a frame-work of regulations and incentives for finan-cial institutions to pursue green financingwhich should be clear to all banks; (2) tohave an information campaign by the gov-ernment and connect projects to the Sus-tainable Development Goals (SDGs); (3) torequest policymakers to rationalize manda-tory requirements for the “Agri-Agra Law andSMEs” and include climate finance as alter-native compliance; (4) to imbed climate fi-nance in credit policies of banks and applyin all projects; (5) to have top level manage-ment buy-in; (6) to de-risk projects throughpublic-private co-funding (considered anopportunity); (7) to imbed ESG aspects (en-vironmental, social and governance) in BSPrisk-management framework; and, (8) tomake available technical assistance andsupport.

ADFIAP was represented by its DeputySecretary General, Norman Tilos as well asby its Consulting Group members, Ms. CoraD Conde, Atty. Alberto Reyno, Mr. Vic Abainza,Ms. Arlene Orencia, Ms. Cristy Aquino, Ms.Carmen Cintura and Ms. Emy Chavez.

ADFIAP’s role in the project is to improveaccess to green financing by upscaling trainingprograms and workshops on green finance,building capacity of Myanmar banks with theCentral Bank on the design, development, andmarketing of green finance products, trainingSMEs to approach banks for loans, and holdingpublic-private dialogue on incentive schemesfor SMEs to foster green investments.

The SMART Myanmar 2.0 project http://www.smartmyanmar.org is a 4-year EU-funded project aimed at improving produc-tion and increase consumption of sustainably-produced garments from Myanmar throughup-scaling and improving on best practicemechanisms developed and implementedduring SMART Myanmar 1.0.


ASSOCIATION NEWSADFIAP holds cleantechMSME financing forum

ADFIAP, as leadimplementing or-ganization of theE U - f u n d e dSWITCH Asiaproject, “AsianCleantech MSMEFinancing Net-work (ACMFN), incollaboration withits project partnerin India, the Con-federation of In-dian Industries(CII), organizedthe “ACMFN Cleantech SME Financing Forumon the Scaling of Cleantech Innovation and Fi-nancing” on December15, 2017 in Mumbai,India.

The event started with a brief overviewof the ACMFN project and key economic andclimate financing statistics and the businessopportunities for MSMEs and financial institu-tions that are available under the project.

The second session covered storieson roadblocks and success cases in theIndian cleantech SME sector; best practiceinsights on the global perspectives of

c l e a n t e c hSME financ-ing instru-ments andm e c h a -nisms fromAsia and Eu-r o p e ;cleantech fi-n a n c i n gmodels be-ing imple-mented inthe Philip-pines; and

growing the cleantech market in the EU.A high-level expert panel discussion

on unlocking cleantech capital for SMEs,particularly in India, was done in the thirdsession. Among the conclusions reachedduring the discussion were: (1) that thereis a misconception on lack of financewhich was rather a lack of confidenceamong providers and users on what thereturns will be; and, (2) that cost and avail-ability of funds are not the concern ofbanks, but more on how to evaluatecleantech projects to address the risk fac-

tor. Recommendations included: (1) to stan-dardize technical evaluation of projects forbetter understanding by banks; (2) to create amechanism to resolve disputes such as atechnical body with judicial powers; (3) to de-velop e-learning modules on energy efficiency;and, (4) to develop standard contracts.

A prototyping exercise was then con-ducted on two specific issues which capturedthe latest developments in Indian cleantech fi-nancing via two parallel-focused group discus-sions on the following topics: “How to scaleexisting financing solutions and how to repli-cate lessons of financing solutions.” This pro-vided an exclusive opportunity for designingjoint solutions for these issues.

The forum ended with Mr. P V KiranAnanth of CII presenting the outlook and roadahead for the ACMFN project in India andareas to look at, i.e., more active role of Origi-nal Equipment Manufacturer (OEM), the clus-ter approach, and the bundling of projectsaimed at providing a higher level of comfortto cleantech financiers

The ACMFN http://www.acmfn.com is a4-year project which aims to build and lever-age a cleantech financing eco-system to sparkimproved access to finance for Asian cleantechMSMEs in order to enhance sustainable con-sumption and production patterns in Asia.Cleantech refers to products, services andprocesses that reduce or eliminate negativeecological inputs, improve the productive andresponsible use of natural resources and pro-vide superior performance at lower cost.

ADFIAP participatesin SMART Myanmar

project planning

ADFIAP, as one of the project partners of theEU-funded Switch Asia project, “SMEs for Ac-countability, Responsibility and Transparency(SMART) Myanmar 2.0, participated in the an-nual project review, planning, and budgetingmeeting organized by sequa of Germany, thelead implementing partner which was held onNovember 29-30, 2017 in the Myanmar capitalcity of Yangon.

Aside from ADFIAP, the other project part-ners who attended the planning session in-cluded the Foreign Trade Association of Ger-man Retailers (AVE), Made-by.org, theMyanmar Garment Manufacturers Association(MGMA), and project associates, GIZ of Ger-many, the Netherlands’ Centre for the Promo-tion of Imports from Developing Countries (CBI),H&M and Lindex.


dbp gets award for good governance vdb finances … · excellence by the g o v e r n a n c e ......

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