View in browser
November 2020

"Success is not final; failure is not fatal: It is the courage to continue that counts." – Winston S. Churchill


Impact of COVID-19 on commodity markets heaviest on energy prices; lower oil demand likely to persist beyond 2021

While metal and agricultural commodities have recouped their losses from the COVID-19 pandemic and are expected to make modest gains in 2021, energy prices, despite some recovery, are expected to stabilize below pre-pandemic levels next year, the World Bank said.

Source: World Bank

Read More

Global response, regional impact in the fight against COVID-19

In responding to the pandemic, IFC strives to strike the right balance between global scale and targeted impact, while also ensuring its interventions enable a sustainable recovery. IFC has thus committed $4 billion from its $8-billion fast-track COVID-19 facility, which aims to sustain businesses and preserve jobs amid the pandemic.

Source: IFC

Read More

Seven things to know about fiscal challenges in the Middle East and Central Asia

The COVID-19 pandemic and the ensuing economic crisis have required emergency fiscal measures as revenues have dried up. Many countries in the Middle East and Central Asia, which were already vulnerable before the pandemic, are now in a precarious fiscal position.

Source: IMF

Read More

New “Restoration Seed Capital Facility” launched to promote investment in forest landscape

A Restoration Seed Capital Facility with initial capitalization of EUR 25 million was launched on October 27, 2020 to boost the contribution of private finance to forest restoration, helping to unlock their immense potential for climate change adaptation and mitigation, conservation of biodiversity and provision of sustainable livelihoods.

Source: UNEP

Read More

ADB: MSMEs key to Southeast Asia's post-COVID-19 recovery

Strengthening the dynamics of micro, small, and medium-sized enterprises (MSMEs) with innovation and internationalization will be key to revitalizing Southeast Asian economies devastated by the coronavirus disease (COVID-19) pandemic, according to a new report from the Asian Development Bank (ADB).

Source: APEC

Read More

ICD lists USD 600 million Sukuk at Nasdaq Dubai

Nasdaq Dubai has welcomed the listing of a USD 600 million Sukuk by the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB). The capital raised from the Sukuk will support ICD’s wide-ranging development activities within its 55 member countries.

Source: ICD

Read More

KfW promotional business volume doubles as a result of coronavirus aid programmes; back to earning profit

The exceptional year is continuing – in the first nine months of 2020, KfW Group doubled its promotional business volume compared to the same period last year to reach an all-time high of EUR 109.1 billion (EUR 53.5 billion, +104%).

Source: ICD

Read More

APEC promotes small businesses, patient health with new business ethics vision

APEC strengthens its commitment to push for patient health and cross-border trade with the launch of a bold, new vision for the next five years to reinforce business ethics and integrity in health-related sectors.

Source: APEC

Read More


DFCC pushes toward a cashless future with LANKAQR

Following the launch of the national LANKA QR initiative, “Rata Puraama LANKAQR” on October 5, 2020 at the Central Bank of Sri Lanka (CBSL), DFCC Bank was amongst the first financial institutions to gain LANKAQR certification to support ease of transactions for all customers in line with DFCC’s corporate strategy of becoming the most customer-centric and digitally-enabled bank.

Source: DFCC

Read More

BCI sponsors Cook Islands Games 2020

The Bank of Cook Island (BCI) is one of three major sponsors of the Cook Islands Games 2020 in October. The two-week sports event featured 3,000 games participants and was the first official engagement for the country's new Prime Minister Hon. Mark Brown.

Source: BCI

Read More

EIB observes Vigilance Awareness Week 2020

Export-Import Bank of India (EIB) has commenced the observance of Vigilance Awareness Week (VAW) 2020 from October 27, 2020 to November 2, 2020. One of the highlights of the VAW is the administering of the Integrity Pledge to encourage the employees of EIB to maintain the highest level of integrity and work unstintingly for eradication of corruption at the workplace and every sphere of life.

Source: Export-Import Bank of India

Read More

NABARD launches refinance scheme for WASH programme, earmarks Rs 800 Crore for FY 2021

In a bid to promote sustainable and healthy lifestyle in rural areas, National Bank for Agriculture and Rural Development (NABARD) has announced a special refinance facility to support the Government of India’s Water, Sanitisation and Hygiene (WASH) programme. The country’s apex development financial institution has earmarked Rs 800 crore for the purpose for the financial year 2020-21.

Source: NABARD

Read More

PT SMI to provide Rp 9.3B regional PEN loan facility to local government

Indonesia’s PT Sarana Multi Infrastruktur (Persero) has recently signed the regional PEN loan facility worth Rp 9.3 billion with the Regency government of Probolinggon as part of the National Economic Recovery Program (PEN) launched by the Central Government. PEN is a stimulus program for areas affected by Covid-19 to keep regional infrastructure development rolling.

Source: PT Sarana Multi Infrastruktur (Persero)

Read More

Tose’e Ta'avon Bank recognized for supporting knowledge- based companies and innovative activities

Tose’e Ta'avon Bank gets praised for supporting knowledge-based companies and innovative activities by the Head of the Office of the President. Tose’e Taavon Bank has also signed a memorandum of understanding with the Innovation and Prosperity Fund.

Source: Tose’e Ta’avon Bank

Read More

DBJ joins investment scheme in onshore wind power

The Development Bank of Japan (DBJ), Osaka Gas Company Ltd and Tokyu Land Corporation have recently signed a memorandum of understanding regarding joint investment for further expansion of renewable energy. The three companies made a silent partner investment in GK Aomori Wind Power.

Source: Development Bank of Japan

Read More

BNM supports improving financial health of gig workers with innovative financial solutions

In partnership with APEC Malaysia 2020, Bank Negara Malaysia (BNM), the Malaysia Digital Economy Corporation (MDEC) and the United Nations Capital Development Fund (UNCDF) launched the Financial Innovation Gig Economy Challenge – an initiative that calls for the submission of innovative solutions to improve the financial health of gig economy workers. The challenge is in line with Malaysia’s thrust on mitigation and recovery measures in light of the COVID-19 pandemic.

Source: Bank Negara Malaysia

Read More

ODB maintains financing performance

Despite the negative impacts that the business sectors witnessed locally and internationally as a result of the repercussions of the Corona Covid 19 pandemic, Oman Development Bank (ODB) has maintained its financing performance, achieving total loans of 51,381,077 Omani riyals in the period from January to the end of September 2020.

Source: Oman Development Bank

Read More

DBP bags global award for sustainable finance

The Development Bank of the Philippines (DBP) recently received an international award for funding the development of a solar-powered resilient community in Sto. Tomas town in Batangas, a top official said. DBP won the “Outstanding Sustainable Project Financing Award” during the Karlsruhe Sustainable Finance Awards and Certification Ceremony held in Karlsruhe, Germany.

Source: Development Bank of the Philippines

Read More

LANDBANK loans to LGUs hit Php 51.3B

Land Bank of the Philippines (LANDBANK) has extended a total of P51.3 billion in outstanding loans to 639 local government units (LGUs) as of end-September 2020, as it ramps up support to the LGU sector which are the frontline entities tasked to lead in the recovery efforts post Covid-19.

Source: Land Bank of the Philippines

Read More

Pag-IBIG Fund offers home loan restructuring program

Pag-IBIG Fund has offered up to six months of payment relief, more affordable amortization, and waived penalties under its special restructuring program to help home loan borrowers cope during the pandemic. Under this loan restructuring program, borrowers are given the option to lower their monthly payments by extending their loan term, spread the settlement of unpaid dues, and waive penalties on arrears.

Source: Pag IBIG Fund

Read More


ADFIAP successfully concludes its 43rd Annual Meeting online

ADFIAP successfully concluded its 43rd Annual Meeting online on October 28 and 29, 2020 with 70 attendees from its current membership of 87 member-DFIs in 36 countries and territories. Themed “DFIs and the Pandemic: Situationer and Way Forward,” this was the first virtual annual meeting that ADFIAP held over its 44 years of existence due to the on-going coronavirus pandemic.

Source: ADFIAP

Read More

ADFIAP, partners present climate risk assessment and reporting tools to banks

ADFIAP, through its consulting and advisory arm, the ADFIAP Consulting (AC) Group, met virtually on October 27, 2020 with its partners in the sustainable finance framework training consortium composed of the World Wide Fund (WWF) Philippines, Global Reporting Initiative (GRI), the Asian Institute of Management (AIM) and the University of Asia & the Pacific (UA&P) to present to the Bankers Association of the Philippines (BAP) the Philippine climate risk assessment and reporting tools developed by WWF that banks can adopt for their climate risk mapping.

Source: ADFIAP

Read More

ADFIAP joins UNIDO, GCNP forum on MSMEs, facilitates expert group discussion

ADFIAP, on the invitation of the United Nations Industrial Development Organization (UNIDO) and the UN Global Compact Network Philippines (GCNP), recently took part in two flagship projects led by both organizations – the “Business Expert Group Meetings” and the “Global Compact-UNIDO Sustainability Summit 2020: Uniting Business to Support MSME Recovery and Resilience.”

Source: ADFIAP

Read More

ADFIAP, partners hold sustainable finance forum

ADFIAP, in collaboration with the UN Economic and Social Commission for Asia and the Pacific (UN-ESCAP), the UN Environment Programme Finance Initiative (UNEP-FI), the World Wide Fund for Nature (WWF), and the Global Reporting Initiative (GRI) held the “Sustainable Finance Forum: Financing the SDGs in Southeast Asia”, on October 14, 2020 at 9:00 am to 12:00 nn (GMT+7). The Forum was attended by over 230 participants worldwide.

Source: ADFIAP

Read More


4 Steps for engaging disinterested readers

Most publications attract a handful of true fans – readers who devour every post, share content on social media and open every newsletter. But in the long run, understanding who doesn’t regularly read your content – and why – is far more valuable.

Source: AuSAE

Read More

Do you consider yourself cyber-literate?

Universal cyber literacy will be as much of a foundation of the prosperity and security of nations in the 21st century as the ability to read and write was in the 20th century. Cybersecurity frequently makes the headlines, yet many people lack the basic skills to keep themselves, their communities and their workplaces safe from cyberattack.

Source: Asian Bankers Association

Read More

Sustainability Standards for Value-driven Financial Institutions

By becoming Sustainability Certified, financial institutions will not have to make a choice between making a profit or serving the society, becoming financially viable or environmentally-sustainable, and making short-term profit or aiming for long-term benefits.

Source: AADFI

Read More


Ethical finance: solidarity and networking to face the pandemic

The dossier presents concrete examples of Ethical Finance solutions adopted in Europe and at international level to support the Social Economy, and includes interviews and editorials by experts and practitioners.

Source: FEBEA

Read More

Who on Earth can work from home? A global comparison sheds light on the importance of ICT infrastructure

The COVID-19 pandemic is expected to inflict severe pain in labour markets across the globe, and policymakers will need to target support to workers who are hit hardest. To inform such efforts, a recent working paper Who on Earth Can Work from Home presents an estimate of jobs that can be done from home across the globe. What’s new is the emphasis on access to the internet, which has become even more critical during the pandemic.

Source: World Bank

Read More

Social dialogue crucial to tackling impact of COVID-19 says Global Deal report

Social dialogue between employers, workers and government can play a central role in managing the impact of the COVID-19 crisis in the workplace and has great potential in ensuring that the livelihoods and opportunities of those hardest hit are protected, according to a new report.

Source: OECD

Read More

Recovery, Rebuilding, Resilience: The IFAD Case for Investment

The road to recovery and a resilient future runs through rural areas. Already before the COVID-19 pandemic, hunger was on the rise globally, and progress against poverty had stalled. Hunger devastates the lives of hundreds of million people across the world, not only robbing them of a future but weakening their immunity and health.

Source: IFAD

Read More

Regional Economic Outlook: Middle East and Central Asia

Countries in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region and those in the Caucasus and Central Asia (CCA) responded to the COVID-19 pandemic with swift and stringent measures to mitigate its spread and impact but continue to face an uncertain and difficult environment. Containing the health crisis, cushioning income losses, and expanding social spending remain immediate priorities.

Source: IMF

Read More


ADFIAP launches training course for small island SME lending with CENDB

ADFIAP has partnered with the Centre of Excellence for National Development Banks ( to establish the ADFIAP-CENDB Leadership Series, developed to create meaningful impact by delivering innovative training programs that are designed to be highly interactive and practical. Initiated by our member, International Financial Consulting Ltd. from Canada, CENDB brings NDBs of similar size and mandate from different regions across the globe together to participate in joint training. The arrangement between ADFIAP and CENDB will facilitate collaboration between both ADFIAP and non-ADFIAP National Development Banks in a non-competitive, supportive international context.

The first course in the Series, Smart SME Lending for Small Island Economies, will bring together National Development Bank credit underwriting professionals from small-island economies across both the Pacific and the Caribbean, providing capacity building for peer institutions on best practices to lend more effectively.

This course focuses on the most pressing issues for NDB lenders, specific to the unique nature of small-island economies and addressing the impact of COVID-19. The course employs practical hands-on training that will help lift organizations and individuals to meet their full potential.

Led by expert facilitators, the 5-module course features real-world case studies informed by participant’s own challenges and successes.

The program will provide technology-based training for cohorts of 10-12 participants, featuring a mixture of live video sessions, peer-to-peer discussions and support, and practical resources - all accessed through the CENDB’s dynamic online knowledge centre.

The first session of the Smart SME Lending for Small Island Economies course is set to begin January 14th and is now open for registration at

or by filling out the form here.


Fairphone: The World's First Ethical Smartphone

Fairphone is a modular smartphone designed with fair work practices and recycling in mind. To combat the growing waste caused by discharged electronic goods, Fairphone created a long-lasting smartphone that can be easily repaired.

Rather than replacing the entire phone if part of it breaks, Fairphone allows you to simply replace the broken module. Everything from the battery to the audio jack can be replaced, meaning fewer phones will end up in landfills.

Source: Fairphone/Wikimedia Commons

Read More

Association of Development Financing Institutions in Asia and the Pacific-ADFIAP

2nd Floor Skyland Plaza Building

Sen. Gil Puyat Avenue

Makati 1200 


facebook linkedin website email