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Workshop on Micro Credit Financing and Poverty Alleviation in OIC Member Countries 9-11July 2007, Istanbul

Workshop on Micro Credit Financing and Poverty Alleviation in OIC Member Countries 9-11July 2007, Istanbul. AN INTRODUCTION to ADFIMI Nuri Birtek Secretary General ADFIMI.

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Workshop on Micro Credit Financing and Poverty Alleviation in OIC Member Countries 9-11July 2007, Istanbul

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  1. Workshop on Micro Credit Financing and Poverty Alleviation inOIC Member Countries9-11July 2007, Istanbul AN INTRODUCTION to ADFIMI Nuri Birtek Secretary General ADFIMI

  2. ADFIMI is a non governmental initiative among National Development Finance Institutions (NDFIs) in Member Countries of the Islamic Development Bank (IDB) to establish solidarity among NDFIs in all aspects of development finance.

  3. It is one of five such institutions in the world established under five major regional development banks. Established in 1986 as an autonomous international organization with its headquarters in Istanbul, ADFIMI is commemorating its 21st Anniversary this year.

  4. 57 members in 19 countries ADFIMI basically provides training to its member organizations in all aspects of development finance already trained over 1500 officers and senior executives of its member NDFIs.

  5. ADFIMI also Provides R&D in Development Finance Serves as a global forum on development.

  6. Administrative Set up: The General Assembly is the Supreme Body of the Association in which all powers necessary to accomplish the objectives of the Association are vested The General Assembly meets once a year. ADFIMI is governed by a 9-member non- resident Management Committee Secretary General is the CEO of the Association

  7. The Association is supported by membership fees, by voluntary donations and by co-sponsorship of its members Subscription fees are based on NDFIs assets.

  8. OBJECTIVES Promotion of cooperation and networking among members in all aspects of development financing. Conducting training programmes for the improvement of members' human resources and institutional development Conducting research on development financing, promotion of innovation and dissemination of best practices among members.

  9. BENEFITS of ADFIMI MEMBERSHIP FOR THE CHIEF EXECUTIVES ADFIMI members attend its Annual General Meeting concurrently held with the Annual Meetings of the Islamic Development Bank Group Executives thus get the opportunity to meet the IDB Executives and Governors of Central Banks and Finance Ministers Each CEO gets the opportunity for a one-to-one meeting with any organization and of forming strategic alliances They further become acquainted with the most recent developments in the world of banking and the global economy.

  10. BENEFITS of ADFIMI MEMBERSHIP FOR THE STAFF Training programmes for NDFIs are organized throughout the year For the members of ADFIMI, the training is almost free of cost except the travel expenses The staff also get acquainted with their counterparts from different countries

  11. BENEFITS of ADFIMI MEMBERSHIP FOR THE NDFIs Members are entitled to free access to research and development work carried out by ADFIMI on various issues related to banking, trade and investment ADFIMI is a member of World Federation of Development Finance Institutions (WFDFI) along with other associations formed under other regional development banks and members can make use of this facility There is a prestige and credibility attached to being a member of a Regional Association and ADFIMI membership provides such a prestige

  12. MEMBERSHIP PROCEDURE 1-A cover letter signed by the CEO of the institution declaring the interest to become a member of ADFIMI 2-Sign the Memorandum of Agreement 3-Fill in the Questionnaire 4-Provide an audit report or the annual report of the institution for the year immediately preceeding the year the application being submitted 5-A document showing that one time membership fee and the subscription fee for the first year has been deposited into the ADFIMI’s account

  13. MEMBERSHIP FEES Ordinary Members: Membership Fee (once)    500 USD  Annual Subscriptions:       Total assets up to US$ 100 million 2.400 USD Total assets US$ 100 million - US$400 million 4.800 USD Total assets US$ 400 million - US$700 million 7.200 USD Total assets above US$ 700 million 12.000 USD Associate Members: Membership Fee (once)    500 USD  Annual Subscription: 1.200 USD

  14. SUMMARY Financing is a crucial aspect of development Development finance institutions in IDB Member Countries have formed ADFIMI in 1986 to cooperate in matters of common interest in all aspects of development financing ADFIMI provides - training programmes - networking among member institutions - access to R&D work - dissemination of good practices - a forum for development Institutions dealing in development finance are invited to join ADFIMI and to share their experiences with us.

  15. THANK YOU ADFIMI www.adfimi.org Saka Mehmet Sokak 33-39 Sultanhamam, Eminönü 34116 ISTANBUL Ph: +90 212 526 51 26-7 Fax +90 212 526 51 28 E-mail : adfimi@adfimi.org info@adfimi.org

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