The ADFIAP Secretariat wishes members, partners, supporters and friends, peace, good tidings and joyful hope this coming 2021! May the Spirit of the Season brings the best for everyone!
WB announces $14M bond payment for methane and nitrous oxide reduction
The World Bank has recently made a bond payment worth $14 million to 21 projects that reduced greenhouse gases (GHG) emissions from methane and nitrous oxide around the world. The funds, which have been committed through three auctions of the Pilot Auction Facility for Methane and Climate Change Mitigation (PAF), provide financial support towards GHG abatement in landfills, wastewater treatment, biogas utilization and nitric acid plants.
IFC helps catalyze affordable green housing finance for low-income borrowers in India
IFC, a member of the World Bank Group, has signed an agreement with Aavas Financiers Ltd – a retail, affordable housing finance company – and Aavas Foundation to help improve access to affordable green housing for low-income borrowers who have little or no access to finance.
FAO Director-General cites inclusiveness, market access and innovations as key to food security in the COVID-19 context
In a recent high-level panel discussion entitled, "People First: The Human Security Paradigm in a Time of Pandemic," FAO Director-General Qu Dongyu has mentioned that although difficulties with access to food at national level still remain, ensuring free movement of good across the world and well-functioning markets has been central pillar of global response to COVID-19 pandemic.
The leaders of the 21 APEC member economies issued the Kuala Lumpur Declaration following the first-ever virtual 27th APEC Economic Leaders’ Meeting chaired by Malaysian Prime Minister Muhyiddin Yassin. Leaders agreed to the joint declaration under the 2020 APEC Malaysia theme of Optimising Human Potential towards a Resilient Future of Shared Prosperity. Pivot. Prioritise. Progress.
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB), and Xalq Bank, has recently signed an Advisory Services Agreement on the launching of an Islamic Window at the Bank. The agreement is intended to create an opportunity for Xalq Bank to be one of the foremost wholly profit-sharing Islamic Windows, offering Islamic products and services in Uzbekistan.
IEU, AFD and KfW Development Bank promote sustainable infrastructure in Indonesia
The European Union and KfW Development Bank support Indonesia’s investment programme within the framework of the "Support for Infrastructure Investments in Indonesia" (S4I) programme. In the agreement between PT SMI and KfW, the EU provides PT SMI with a grant of more than EUR 16 million via KfW. Other international financiers are also cooperating with PT SMI, especially the French AFD, with which KfW is closely coordinating its activities.
ADB affirms commitment to water and sanitation in Finance Ministers’ meeting
The Asian Development Bank (ADB) has recently affirmed its commitment to water and sanitation investments in the 2020 Sanitation and Water for All (SWA) Asia and the Pacific Finance Ministers’ Meeting. Finance ministers highlighted success stories in the region where governments were able to implement a mix of financing and regulation to ensure people’s access to water and sanitation.
Innovation-driven strategies key to rebuild resilient societies, highlights UN conference
In a recently-concluded International Conference on Emerging Technologies to Combat the COVID-19 Pandemic, delegates shared that strategies which harness emerging technologies and innovations have been crucial in addressing the challenges brought about by the COVID-19 pandemic this year and its devastating impacts on societies across the region..
LANDBANK disburses Php 717M cash aid to more than 110,000 PUV operators
The Land Bank of the Philippines (LANDBANK) has started releasing cash grants totaling P717,333,500 or P6,500 each to 110,359 Public Utility Vehicle (PUV) operators, composed of jeepney and bus operators nationwide, under the Cash Subsidy to PUV Operators Program of the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB).
Pag-IBIG postpones hike of decades-old contribution rate
The Philippines’ Pag-IBIG (Home Development Mutual Fund) will defer the January 2021 increase of its members’ monthly contributions. This is in consideration of the plight of both workers and business owners during the pandemic. The hike in monthly contributions of PagIBIG members will be implemented instead in January 2022.
DFCC Bank ranks No. 1 in cash management service provider in Sri Lanka
DFCC Bank of Sri Lanka was recently awarded the Number One Ranking for Best Service by the acclaimed 2020 Euromoney Cash Management Non-Financial Institutions Survey. DFCC has also been ranked second position in the Market Leader Ranking Category under the Euromoney Cash Management Survey 2020.
DBB increases amount of non-directed lending in 2020
The Council of Ministers of the Republic of Belarus has recently approved the amendment of the Plan of Financing by JSC Development Bank of the Republic of Belarus (DBB) and this has resulted in the increase in non-directed lending by the development bank by BYN 28.3 million or up to BYN 861.18 million. The additional fund is intended for investment projects of organizations in transport infrastructure.
EDII conducts the 3rd “Virtual Trainers’ Training Programme on Entrepreneurship”
The Entrepreneurship Development Institute of India (EDII) has announced the conduct of the 3rd Virtual Trainers’ Training Programme on Entrepreneurship on January 4-8, 2021. The training program is designed to create a cadre of well-trained entrepreneurship trainers at the national level. Registration is until December 23, 2020.
India Exim Bank Study: India-CLMV partnership in infrastructure necessary for enhanced regional competitiveness
India Exim Bank's publication titled ‘Building Infrastructure: Opportunities for India’ was released during the Inaugural Session of the 6th India-Cambodia, Laos, Myanmar, Vietnam (CLMV) Business Conclave 2020 on December 03, 2020. The study indicates that CLVM countries are amongst the fastest growing countries not only within the ASEAN region, but also globally.
NABARD, Karnataka Regional Office Bengaluru has recently entered into a memorandum of understanding (MoU) with State Bank of India (SBI), LHO Bengaluru for Rs. 5000 Cr concessional refinance facility for banks and financial institutions for providing finance to the beneficiaries of the 3295 watershed development and 791 tribal development projects across the country, over a period of three years from 2020-21 to 2022-23, and digitization of 2 million SHGs by 2021-22.
SIDBI launches DIY asset restructuring portal for MSMEs
The Small Industries Development Bank of India (SIDBI) has launched a web portal to help MSMEs take benefit of Reserve Bank of India’s (RBI) MSME restructuring guideline. With the help of this Do-It-Yourself (DIY) asset restructuring web module, MSMEs will be able to prepare restructuring proposals by keying in only the most essential data of their past financials, future projections, and restructuring requirements.
ADFIAP speaks at CDB-hosted forum on poverty reduction
On the invitation of its member, China Development Bank (CDB), ADFIAP, represented by its Secretary General, Octavio B. Peralta, participated and spoke as a panellist in one of the four sessions of the forum entitled, “Financial Support for Poverty Reduction: International Experience and China’s Contribution.”
Reynaldo G. David or “Rey” as he is simply called, passed away on December 13, 2020. He was former President and CEO of the Development Bank of the Philippines (DBP) from 2004 to 2010. In 2008, Rey won ADFIAP’s “Outstanding CEO of the Year” Award. During his term, Rey was active in the Association and in October 2009, DBP hosted the 15th ADFIAP International CEO Forum in Makati City, Philippines. May he rest in peace.
New Deputy Managing Director at Exim Bank India
Shri N. Ramesh takes charge as Deputy Managing Director of the Export-Import Bank of India (India Exim Bank) effective November 23, 2020. Prior to his appointment at India Exim Bank, he served as Executive Director in National Agricultural Cooperative Marketing Federation of India Ltd. He also served as Director in Department of Commerce, Government of India from 2016 to 2019, where he oversaw Agriculture, Export Inspection, Biotechnology, and Plantations Divisions.
All over the world, climate change is causing loss of life and serious environmental damage. And it’s in the global south where the effects are most pronounced. As part of the “Finance in Common Summit” uniting 450 development banks virtually in Paris on November 11-12, 2020, an online international panel including former UN Secretary-General Ban Ki-Moon, issued a resounding call for efforts to be scaled up. Solutions may already be within reach.
The crisis generated in recent months by the Covid-19 pandemic has led many people around the world to rethink their work, consumption and relationships choices. Given the current health crisis and the constant possibility of new lockdown measures in different countries and regions, it is increasingly difficult to make medium and long-term forecasts on the economic and social impact of the crisis.
Turning Hope into Reality: OECD Economic Outlook, December 2020
Vaccination campaigns, concerted health policies and government financial support are expected to lift global GDP by 4.2% in 2021 after a fall of 4.2% this year. The recovery would be stronger if vaccines are rolled out fast, boosting confidence and lowering uncertainty. The bounce-back will be strongest in the Asian countries that have brought the virus under control but even by the end of 2021, many economies will have shrunk from 2019 levels before the pandemic.
Tracking progress on food and agriculture-related SDG indicators 2020: A report on the indicators under FAO custodianship
The most recent 2019 estimates show that prior to the pandemic, nearly 690 million people, or 8.9 percent of the world population, were hungry – up by 10 million people in one year and by nearly 60 million in five years. Globally, moderate or severe food insecurity rose between 2015 and 2019, and now affects an estimated 25.9 percent of the world population – about 2 billion people, with women being more likely than men to face moderate or severe food insecurity.
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Eka 1 and Eka 2 Seeds: A Proposed Solution to Deforestation
Palm oil production has long been linked to widespread deforestation, as huge areas of rainforest are cleared in order to cultivate the product. However, thanks to new seeds developed by Golden Agri-Resources, this might no longer be the case.
The new seeds, known as Eka 1 and Eka 2, could produce up to three times the amount of oil than the current industry average. The modified seeds would also mature faster, and would be less susceptible to drought and disease.