Business Desk :
Mominul Islam, CEO of IPDC Finance has been elected as the chairman of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) on May 16 at the 94th ADFIAP board of directors meeting held in Almaty, Kazakhstan.
He will continue the role till next year’s annual meeting, reads a press release.
Saud A Minam, CEO of Fiji Development Bank, Thach Kao, CEO of Agricultural and Rural Development Bank of Combodia and Aria Putera Ismail, Group President and CEO of SME Bank Malaysia Berhad have become the vice president 1, 2 and 3 respectively.
The Association of Development Financing Institutions in Asia and the Pacific or ADFIAP is the largest and most prestigious association of development banks and other financial institutions engaged in the financing of sustainable development in the Asia-Pacific region.
It is the focal point of all development banks and other financial institutions engaged in this region. Its mission is to advance sustainable development through its members.
Founded on October 1, 1976, ADFIAP currently has 90 member institutions in 40 countries.