Export-Import Bank of India (Exim Bank) has become the member of Association of Development Financing Institutions in Asia and the Pacific (ADFIAP). The Philippines based association, established in 1977 is the focal point of all institutions engaged in financing of development in the Asia-Pacific region. Its primary objective is to advocate and promote effective development financing as a means of catalysing economic development in the region. ADFIAP is a founding member of the World Federation of Development Financing Institutions (WFDFI) comprising the other regional associations in Africa, Latin America, Europe and Middle East. The Association is recognised by the United Nations as an NGO in consultative status with Economic and Social Council. At present, ADFIAP has 78 members covering 33 countries. The World Bank and Asian Development Bank are special members.
ADFIAP membership would enable Exim Bank to interact closely with development financing institutions in Asia and Pacific and identify eligible institutions for extending lines of credit facility from Exim Bank to support export of capital goods and industrial manufactures from India. Exim Bank will also benefit from the various activities of ADFIAP including training and development, networking, information on business opportunities and information technology.
The certificate of membership was handed over to Mr. Y. B. Desai, Managing Director, Exim Bank by Mr. G. P. Gupta, Chairman and Managing Director of IDBI who is also a director on the Board of ADFIAP.
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Telephone: 2185272 extn. 2307;