The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) has announced a significant transition in leadership, with the elevation of Saud Minam, a prominent Pakistani in Fiji, as its new Chairman.
Saud Minam, CEO of Fiji Development Bank, brings with him around 30 years of experience in the financial sector. He is an active member of the Pakistani community in Fiji and, in 2021, assisted the Fijian government by raising $5,000 in donations along with more than 500 kilograms of clothes to assist relief efforts after Tropical Cyclone Yasa.
In Pakistan, members of ADFIAP have been playing a critical role for the advancement of sustainable development. Zarai Taraqiati Bank Limited (ZTBL) has launched a pilot project of farmers training to inculcate best practices in crop production, orchard farming and livestock & dairy development for the farmers. The House Building Finance Company Ltd of Pakistan has also launched the Ghar Ujala Scheme to provide cost-effective financing option for installation of solar energy systems.
Founded in 1976, ADFIAP has currently 90 member-institutions in 40 countries and acts as the focal point of all development banks, and other financial institutions, engaged in the financing of development in the Asia-Pacific region.
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