Asia & Pacific Finance Institutions to formulate action oriented climate change resilient projects
The Chief Executive Officers of the 3 Development Finance Institutions in Samoa Faumuina Esther Poutoa for NPF, Mata’utia Rula Levi of the Samoa Housing Corporation and Susana Laulu of the Development Bank of Samoa.
BY Aiga Tofilau
APIA, SAMOA: MONDAY 02 MAY 2016: Members of the Association of Development Financing Institutions for Asia & the Pacific (ADFIAP) hopes to formulate action oriented plans after a 3 days conference currently hosted at the newly opened Sheraton Samoa Aggie Greys Hotel & Bungalow in Apia.
The 39th conference for 130 members from 45 Asia Pacific countries is sharing ideas about resilience and sustainability of development projects and how the state owned finance institutions could offer assistance. The ADFIAP members hope to not only form partnerships but to strengthen existing collaboration in working together towards a successful resilience and sustainable programmes.
“We will be able to come together as an association and formulate the Samoa declaration of a Memorandum of Understanding (MOU) and resolutions on how, as member institution, will conform to these action oriented resolution, especially with developments,” said Mata’utia Rula Levi, Chief Executive Officer of the Samoa Housing Corporation.
Prime Minister Tuilaepa Lupesoliai Sailele Malielegaoi gave the keynote address, and said “this is a perfect time for such conference because of the finance institutions contribution in finding ways to respond to climate change and the sustainability of developments.”
“Building partnership for climate change resilience and sustainability of any project with far reaching benefits and costs, will have to be sustainable and that is the challenge,” said Mata’utia.
The conference is also an opportunity to showcase Samoa and its special features, her hospitality, especially when Samoa is leading the way in the pacific in all spheres of the economic, social, and environmental development, said Mata’utia.
Participants to the conference are mostly heads and directors of finance institutions from ADFIAP member countries. Currently ADFIAP has 131 members, and some of these member institutions have more than 2000 employees, compared to the level of Samoa and other small countries.
Mata’utia said these countries have very big projects for climate change and while the scale is different from Samoa, the features are all the same and are beneficial development for the people.
ADFIAP was founded in 1976 with 131 members, and Samoa’s 3 independent institutions are the Development Bank of Samoa (DBS), Samoa Housing Corporation (SHC) and the Samoa National Provident Fund (SNPF) are members.
SNPF became a member last year and all 3 local institutions are working together to share costs for the hosting of the meeting that Samoa invited in 2014.