Development Bank is actively participating in the 47th annual meeting of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) in Phnom Penh, Cambodia from May 15-17. The meeting will gather delegates from over 40 countries to explore development finance strategies focused on the theme ‘DFIs Role in Sustainable Finance Ecosystem: Cultivating a Climate-Smart and Sustainable Future.’ The event will highlight how development finance institutions can increase their support for environmentally and socially responsible business practices by promoting investment in greener technologies and businesses.
Hussain Al Lawati, CEO of Development Bank, stressed the significance of the Phnom Penh event in driving the economic growth of regional economies. He stated, “Our presence at ADFIAP meetings is crucial for promoting practices that support not only environmentally responsible financing but also economic resilience, particularly through our support of small and medium-sized enterprises.” Around 93 institutions, including ADFIAP members and stakeholders, will be participating in the event, engaging in discussions on innovative financing solutions for climate-smart projects.
Established in 1976, ADFIAP plays a pivotal role in shaping development policies and enhancing the operational capabilities of its members to address regional development priorities. Development Bank is dedicated to utilizing the knowledge and insights gained from the annual meeting to further its efforts in sustainable financing. By being a part of such initiatives, the bank aims to strengthen its support for environmentally-friendly practices and contribute to the overall economic resilience of the region.
The annual meeting in Phnom Penh will provide a platform for various financial institutions and stakeholders to come together and share their experiences and best practices in sustainable financing. With the focus on cultivating a climate-smart and sustainable future, the event will emphasize the importance of investing in greener technologies and businesses to promote a more environmentally responsible approach to development finance. Through collaboration and knowledge-sharing, the participants will explore ways to enhance their support for socially responsible business practices.
As an active participant in the ADFIAP annual meeting, Development Bank is committed to playing a key role in promoting sustainable financing practices among its members and stakeholders. The bank understands the importance of fostering investment in environmentally-friendly projects and businesses to drive economic growth in a sustainable and responsible manner. By attending events like the annual meeting in Phnom Penh, Development Bank aims to stay at the forefront of innovative financing solutions for climate-smart projects and contribute to the development of a more sustainable future for the region.
