The document discusses remittances to the Philippines from overseas Filipino workers and Land Bank of the Philippines' efforts to harness remittances for development. Some key points include:
- Remittances to the Philippines amounted to $16.4 billion in 2008, ranking the Philippines 4th globally.
- Remittances account for about 10% of the Philippines' GDP and fuel domestic consumption and help improve the balance of payments.
- Land Bank of Philippines aims to make remittance services more accessible and less costly through programs for overseas workers and expanding partnerships with remittance companies.
- Land Bank also provides banking services, investment products, and livelihood loans to overseas workers and their families to help product
The Development Bank of the Philippines (DBP) is a government-owned development bank that began promoting environmental commitments in 1992 under a World Bank program. DBP introduced strategies like capacity building, credit facilities, and partnerships to finance environmental and climate projects. In 2003 and 2010, DBP established the Carbon Investment Banking Facility and Carbon Finance Program respectively to register client projects under the Clean Development Mechanism and generate carbon credits for additional revenue. DBP has registered various project types and pioneered financing perceived high-risk environmental projects in the Philippines.
1) Remittances from migrant workers impact local economic development, entrepreneurship, savings, and job creation in their home countries.
2) Governments are working to tap into both official and unofficial remittance flows by developing lower-cost banking mechanisms and improving investment climates.
3) Initiatives to reduce transfer costs, help microfinance institutions, and develop new investment products tailored to migrants' needs could further boost remittance amounts and their developmental impact.
The World Bank Group provides financial and technical assistance to developing countries to reduce global poverty. In the Philippines, poverty remains high despite economic growth. The WBG's strategy focuses on inclusive growth through improving investment, public services, and reducing vulnerabilities. The current Philippines portfolio includes loans and grants totaling over $1.4 billion. The WBG is also exploring partnerships and innovative approaches such as working with development financing institutions and directly lending to local governments.
This document discusses financing for climate change adaptation and mitigation. It notes that the funding demand far exceeds current financing levels, leaving a large financing gap. It explores innovative financing mechanisms like emission trading, public-private partnerships, carbon capture and storage, REDD, weather derivatives, biodiversity credits, and the JBIC's new LIFE initiative. The LIFE initiative aims to mobilize private funds at scale to support commercially viable clean technologies through loans, equity investments, and cooperation with multilateral development banks. Public-private-financial partnerships are needed to develop new market mechanisms that can help close the massive financing gap for climate solutions.
The document discusses the implications of the Copenhagen Agreement on climate change finance and the private sector's role. It outlines what the global community wants from the private sector in terms of technology innovation and investment in sustainable energy. It also examines what investors want in terms of risk, return and reliability. The document explores how policy can incentivize private financial institutions to invest in ways that address climate change, particularly in developing countries, and the need for international agreements to provide the necessary scale, competitiveness and credibility.
This survey was conducted with 19 participating financial institutions to evaluate their risk management and financial disclosure practices in the context of corporate governance reforms and international conventions. The survey contained 14 questions regarding whether the institutions' boards have explicitly prioritized sustainable development and risk management, issued written risk policies, and included risk disclosure in financial reports. It also asked about the institutions' risk management committees, regulatory supervision, use of international accounting standards, and external auditing practices.
Advisory Support for SMEs during their Life CycleADFIAP
KfW Bankengruppe is a German promotional bank that provides financing and advisory support to small and medium enterprises throughout their lifecycle. It offers various types of loans, equity investments, and guarantees. It also provides advisory services to complement its financial support. These include initial advice on starting a business, energy efficiency consulting, and turnaround advising for companies facing economic difficulties. The advisory services aim to increase startup success rates, efficiently implement financing programs, encourage energy savings, and support companies during crises. KfW thus offers both financial and advisory support packages to help SMEs through different stages of development.
The document discusses remittances to the Philippines from overseas Filipino workers and Land Bank of the Philippines' efforts to harness remittances for development. Some key points include:
- Remittances to the Philippines amounted to $16.4 billion in 2008, ranking the Philippines 4th globally.
- Remittances account for about 10% of the Philippines' GDP and fuel domestic consumption and help improve the balance of payments.
- Land Bank of Philippines aims to make remittance services more accessible and less costly through programs for overseas workers and expanding partnerships with remittance companies.
- Land Bank also provides banking services, investment products, and livelihood loans to overseas workers and their families to help product
The Development Bank of the Philippines (DBP) is a government-owned development bank that began promoting environmental commitments in 1992 under a World Bank program. DBP introduced strategies like capacity building, credit facilities, and partnerships to finance environmental and climate projects. In 2003 and 2010, DBP established the Carbon Investment Banking Facility and Carbon Finance Program respectively to register client projects under the Clean Development Mechanism and generate carbon credits for additional revenue. DBP has registered various project types and pioneered financing perceived high-risk environmental projects in the Philippines.
1) Remittances from migrant workers impact local economic development, entrepreneurship, savings, and job creation in their home countries.
2) Governments are working to tap into both official and unofficial remittance flows by developing lower-cost banking mechanisms and improving investment climates.
3) Initiatives to reduce transfer costs, help microfinance institutions, and develop new investment products tailored to migrants' needs could further boost remittance amounts and their developmental impact.
The World Bank Group provides financial and technical assistance to developing countries to reduce global poverty. In the Philippines, poverty remains high despite economic growth. The WBG's strategy focuses on inclusive growth through improving investment, public services, and reducing vulnerabilities. The current Philippines portfolio includes loans and grants totaling over $1.4 billion. The WBG is also exploring partnerships and innovative approaches such as working with development financing institutions and directly lending to local governments.
This document discusses financing for climate change adaptation and mitigation. It notes that the funding demand far exceeds current financing levels, leaving a large financing gap. It explores innovative financing mechanisms like emission trading, public-private partnerships, carbon capture and storage, REDD, weather derivatives, biodiversity credits, and the JBIC's new LIFE initiative. The LIFE initiative aims to mobilize private funds at scale to support commercially viable clean technologies through loans, equity investments, and cooperation with multilateral development banks. Public-private-financial partnerships are needed to develop new market mechanisms that can help close the massive financing gap for climate solutions.
The document discusses the implications of the Copenhagen Agreement on climate change finance and the private sector's role. It outlines what the global community wants from the private sector in terms of technology innovation and investment in sustainable energy. It also examines what investors want in terms of risk, return and reliability. The document explores how policy can incentivize private financial institutions to invest in ways that address climate change, particularly in developing countries, and the need for international agreements to provide the necessary scale, competitiveness and credibility.
This survey was conducted with 19 participating financial institutions to evaluate their risk management and financial disclosure practices in the context of corporate governance reforms and international conventions. The survey contained 14 questions regarding whether the institutions' boards have explicitly prioritized sustainable development and risk management, issued written risk policies, and included risk disclosure in financial reports. It also asked about the institutions' risk management committees, regulatory supervision, use of international accounting standards, and external auditing practices.
Advisory Support for SMEs during their Life CycleADFIAP
KfW Bankengruppe is a German promotional bank that provides financing and advisory support to small and medium enterprises throughout their lifecycle. It offers various types of loans, equity investments, and guarantees. It also provides advisory services to complement its financial support. These include initial advice on starting a business, energy efficiency consulting, and turnaround advising for companies facing economic difficulties. The advisory services aim to increase startup success rates, efficiently implement financing programs, encourage energy savings, and support companies during crises. KfW thus offers both financial and advisory support packages to help SMEs through different stages of development.
The document discusses financial institutions in the Philippines and outlines a partnership between Esquire International Financing Inc. and HELP Foundation. It details their product lines, which include microcredit, microsavings, microinsurance, SME financing and receivable/trade finance. It also discusses key success factors for credit such as accessibility, simple requirements, and flexible payment schemes.
This document discusses the results of a Corporate Governance Scorecard initiative for commercial and universal banks in the Philippines.
1) Twenty total banks participated, including 7 commercial banks and 13 universal banks. Universal banks scored higher on average, with a score of 88% compared to 76% for commercial banks.
2) Scores were calculated based on categories related to shareholders' rights, treatment of stakeholders, control environment, disclosure and transparency, and board responsibilities. Universal banks scored highest in control environment and processes.
3) The results provide benchmark averages that individual banks can use for comparison, with the recommendation that banks be given time to improve their corporate governance practices and compliance based on the scorecard.
Rural Development Bank’s Developing Entrepreneurship in CambodiaADFIAP
- The Rural Development Bank of Cambodia provides financing and technical training to support entrepreneurship in the country. This includes providing loans to microfinance institutions, small and medium enterprises, communities, and supporting the "One Village One Product" and Chambers of Professional and Micro Enterprises programs.
- The bank's activities involve providing loans for working capital, investment, and community development projects. It also offers training in areas like business planning, accounting, and product development.
- Integrating microfinance with small and medium enterprises has helped improve livelihoods, and lessons indicate the importance of strong monitoring, flexible credit terms, and community leadership.
This document discusses the results of a Corporate Governance Scorecard initiative for commercial and universal banks in the Philippines.
1) Twenty total banks participated, including 7 commercial banks and 13 universal banks. Universal banks scored higher on average, with a score of 88% compared to 76% for commercial banks.
2) Scores were calculated based on categories related to shareholders' rights, treatment of stakeholders, control environment, disclosure and transparency, and board responsibilities. Universal banks scored highest in control environment and processes.
3) The results provide benchmark averages that individual banks can use for comparison, with the recommendation that banks be given time to improve their corporate governance practices and compliance based on the scorecard.
The document discusses governance at BDC, a Canadian Crown corporation. It outlines that governance refers to the structures and systems for overseeing an organization's direction and management. It then summarizes how governance has changed in Canada over the last 15 years, with a greater focus now on board independence and oversight of strategies. The rest of the document details BDC's approach to balancing autonomy and accountability, and the roles and responsibilities of Parliament, the board of directors, and management in ensuring proper governance.
1. The document discusses green finance and public-private partnerships to promote green growth and address climate change issues.
2. It outlines Japan Bank for International Cooperation's (JBIC) green finance initiatives like "LIFE" which supports clean power, energy efficiency, water, and transportation projects through loans, equity investments, and cooperation with other development banks and private institutions.
3. JBIC also proposes new financial instruments like "GREEN" to scale up low-carbon investments using measurement, reporting and verification of emissions reductions.
Market and Regulatory Risk Issues and Challenges in PPPADFIAP
The document discusses key issues and challenges regarding public-private partnerships (PPPs). It outlines the main reasons for governments to pursue PPPs, including addressing infrastructure needs with restricted budgets. It also describes the typical risk allocation between public and private partners in a PPP. The document notes several types of risks in PPP projects, such as project risks, macroeconomic risks, and political risks. It emphasizes that PPPs require well-defined, viable, and bankable projects. Finally, the document proposes several solutions to challenges in PPPs, such as contract provisions to address risks, ensuring transparency and competitive bidding, and establishing a common regulatory framework.
The document discusses ADB's financial intermediation lending (FIL) modalities, including providing credit lines to individual financial institutions and apex institutions to on-lend funds. It notes the objectives of expanding access to credit and enabling new technologies. It also discusses safeguard policies for financial institutions receiving credit lines to ensure ADB's social and environmental standards are met. Recent trends include using other modalities like program-based lending and limiting credit lines when long-term resources are scarce.
Visioning the Strategic Role of Development Finance InstitutionsADFIAP
The document discusses the role of development finance institutions (DFIs) in supporting small and medium enterprises (SMEs). It notes that DFIs must balance developmental and financial goals, evolve to meet changing needs, and stay knowledgeable about markets, technology, and customers. The focus is on Malaysia's SME Bank and its efforts to help SMEs contribute to the economy through initiatives like IQ-Dagang that guide entrepreneurs and help make business ideas investment-worthy. Moving forward, the bank aims to finance the SME ecosystem with a new model driven by desired socioeconomic and commercial outcomes.
The International Trade Centre has developed a strategy to build the capacity of small and medium enterprises (SMEs) through three levels: business and trade policy support, strengthening trade support institutions, and improving exporter competitiveness. The strategy focuses on increasing SME access to finance through partnerships with financial institutions, training SMEs in financial management, and facilitating dialogue between SMEs and banks. The ITC provides tools and services to SMEs, trade support institutions, and financial institutions to improve lending to SMEs and their export success.
Miraculous Solution to Asia Pacific Soft Ground ImprovementADFIAP
Shanghai Geoharbour Group specializes in land reclamation, soft ground improvement, research, design, consulting, and construction. They have developed the High Vacuum Densification Method (HVDM) which combines vacuum drainage and dynamic compaction to quickly dewater, densify, and improve soft soils. HVDM creates an active drainage system under a pressure gradient to expedite consolidation and save schedule time. It has been successfully used on projects such as airports, ports, highways, and industrial developments.
Green Finance: Business Opportunities and Role of Financial InstitutionsADFIAP
1) The document discusses the role of development finance institutions (DFIs) in supporting low-carbon investment and green growth through mobilizing private funding and providing financing support such as guarantees, insurance, and co-financing.
2) It outlines Japan Bank for International Cooperation's (JBIC) efforts to develop a "Joint Crediting Mechanism" (J-MRV) to quantify greenhouse gas emission reductions from low-carbon investment projects and apply it to their due diligence and project finance processes.
3) JBIC aims for J-MRV to serve as an internationally accepted methodology and help scale up low-carbon investment while preparing for future carbon market mechanisms.
Role in Developing Entrepreneurship in MalaysiaADFIAP
Amanah Ikhtiar Malaysia (AIM) plays a key role in developing entrepreneurship in Malaysia through its microcredit program. AIM provides loans and training to low-income households to start small businesses. It has over 250,000 members and has disbursed over $1.5 billion in loans. AIM aims to strengthen entrepreneurship through expanded training programs, new loan products, improved marketing support, and business transformation assistance. Studies show AIM has been successful in significantly increasing members' monthly incomes through its entrepreneur development initiatives.
Recent Disaster in Japan and DBJ’s Role for ReconstructionADFIAP
Recent disasters in Japan, including the 2011 Tohoku earthquake and tsunami as well as the Fukushima Daiichi nuclear disaster, caused widespread damage and over 15,000 deaths. The Development Bank of Japan (DBJ) will provide low-interest loans through government programs to support affected individuals, communities, and businesses during reconstruction efforts estimated to cost over $1 trillion. DBJ has over 60 years of experience financing infrastructure and economic development in Japan. It will draw on its expertise and international partnerships to play a key role in the country's recovery.
Green banking and mrv adfiap takashi hongo jbicADFIAP
The document discusses Japan Bank for International Cooperation's (JBIC) efforts around green banking and measurement, reporting, and verification (MRV) of greenhouse gas emission reductions from projects. JBIC aims to balance economic growth and environmental protection by supporting green projects through a new "GREEN" financial program and J-MRV methodology. J-MRV provides a standardized process to measure and verify emission reductions from various project types to facilitate future carbon market participation and risk mitigation.
The document discusses the role of financial institutions in addressing climate change and business opportunities in public-private partnerships. It notes that climate change will impact businesses and that accounting for greenhouse gas emissions makes good business sense. It also provides examples of how development finance institutions in Asia are financing renewable energy, green technology, and other climate-friendly projects. The document emphasizes that as financial intermediaries, development banks have a role to play in mitigating climate change impacts and supporting climate initiatives.
The document discusses agricultural weather index insurance in Thailand provided by the Bank for Agriculture and Agricultural Cooperatives (BAAC). It provides an overview of BAAC and its operations. It then discusses why risk management is important for farmers, how weather index insurance works as a risk management tool, and the pilot projects conducted from 2006-2010 to test weather index insurance. The pilots showed growing interest from more farmers and covered more provinces and districts over the years. Lessons learned included having a non-complicated model and collaboration between relevant organizations.
The document discusses the history of chocolate, from its origins in Mesoamerica to its popularity in Europe. It details how the Maya and Aztecs cultivated the cocoa bean and used it in drinks. The Spanish conquistadors brought cocoa back to Europe in the 16th century, where it eventually became widely popular after the invention of the chocolate press in the 18th century allowed it to be consumed as a solid form.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like anxiety and depression.
This document discusses the results of a Corporate Governance Scorecard initiative for commercial and universal banks in the Philippines.
1) Twenty total banks participated, including 7 commercial banks and 13 universal banks. Universal banks scored higher on average, with a score of 88% compared to 76% for commercial banks.
2) Scores were calculated based on categories related to shareholders' rights, treatment of stakeholders, control environment, disclosure and transparency, and board responsibilities. Universal banks scored highest in control environment and processes.
3) The results provide benchmark averages that individual banks can use for comparison, with the recommendation that banks be given time to improve their corporate governance practices and compliance based on the scorecard.
This document outlines Citi's priorities and initiatives for supporting financial inclusion globally and in the Philippines. It discusses Citi's work in microfinance and microenterprise financing, financial education, small business support, and disaster response across over 40 countries. In the Philippines specifically, it details Citi's microfinance training programs, commercial loans to microfinance institutions, financial education programs for students and families, and awards for outstanding financial educators.
This document outlines the corporate governance framework of the Philippine Export-Import Credit Agency (PHILEXIM). It discusses PHILEXIM's commitment to good corporate governance, its governance organizational structure which includes committees overseeing governance, risk, audit, and compliance. It also details PHILEXIM's corporate governance initiatives such as aligning with best practices, institutionalizing risk management, adhering to financial standards, implementing compliance programs, and providing training.
The document discusses financial institutions in the Philippines and outlines a partnership between Esquire International Financing Inc. and HELP Foundation. It details their product lines, which include microcredit, microsavings, microinsurance, SME financing and receivable/trade finance. It also discusses key success factors for credit such as accessibility, simple requirements, and flexible payment schemes.
This document discusses the results of a Corporate Governance Scorecard initiative for commercial and universal banks in the Philippines.
1) Twenty total banks participated, including 7 commercial banks and 13 universal banks. Universal banks scored higher on average, with a score of 88% compared to 76% for commercial banks.
2) Scores were calculated based on categories related to shareholders' rights, treatment of stakeholders, control environment, disclosure and transparency, and board responsibilities. Universal banks scored highest in control environment and processes.
3) The results provide benchmark averages that individual banks can use for comparison, with the recommendation that banks be given time to improve their corporate governance practices and compliance based on the scorecard.
Rural Development Bank’s Developing Entrepreneurship in CambodiaADFIAP
- The Rural Development Bank of Cambodia provides financing and technical training to support entrepreneurship in the country. This includes providing loans to microfinance institutions, small and medium enterprises, communities, and supporting the "One Village One Product" and Chambers of Professional and Micro Enterprises programs.
- The bank's activities involve providing loans for working capital, investment, and community development projects. It also offers training in areas like business planning, accounting, and product development.
- Integrating microfinance with small and medium enterprises has helped improve livelihoods, and lessons indicate the importance of strong monitoring, flexible credit terms, and community leadership.
This document discusses the results of a Corporate Governance Scorecard initiative for commercial and universal banks in the Philippines.
1) Twenty total banks participated, including 7 commercial banks and 13 universal banks. Universal banks scored higher on average, with a score of 88% compared to 76% for commercial banks.
2) Scores were calculated based on categories related to shareholders' rights, treatment of stakeholders, control environment, disclosure and transparency, and board responsibilities. Universal banks scored highest in control environment and processes.
3) The results provide benchmark averages that individual banks can use for comparison, with the recommendation that banks be given time to improve their corporate governance practices and compliance based on the scorecard.
The document discusses governance at BDC, a Canadian Crown corporation. It outlines that governance refers to the structures and systems for overseeing an organization's direction and management. It then summarizes how governance has changed in Canada over the last 15 years, with a greater focus now on board independence and oversight of strategies. The rest of the document details BDC's approach to balancing autonomy and accountability, and the roles and responsibilities of Parliament, the board of directors, and management in ensuring proper governance.
1. The document discusses green finance and public-private partnerships to promote green growth and address climate change issues.
2. It outlines Japan Bank for International Cooperation's (JBIC) green finance initiatives like "LIFE" which supports clean power, energy efficiency, water, and transportation projects through loans, equity investments, and cooperation with other development banks and private institutions.
3. JBIC also proposes new financial instruments like "GREEN" to scale up low-carbon investments using measurement, reporting and verification of emissions reductions.
Market and Regulatory Risk Issues and Challenges in PPPADFIAP
The document discusses key issues and challenges regarding public-private partnerships (PPPs). It outlines the main reasons for governments to pursue PPPs, including addressing infrastructure needs with restricted budgets. It also describes the typical risk allocation between public and private partners in a PPP. The document notes several types of risks in PPP projects, such as project risks, macroeconomic risks, and political risks. It emphasizes that PPPs require well-defined, viable, and bankable projects. Finally, the document proposes several solutions to challenges in PPPs, such as contract provisions to address risks, ensuring transparency and competitive bidding, and establishing a common regulatory framework.
The document discusses ADB's financial intermediation lending (FIL) modalities, including providing credit lines to individual financial institutions and apex institutions to on-lend funds. It notes the objectives of expanding access to credit and enabling new technologies. It also discusses safeguard policies for financial institutions receiving credit lines to ensure ADB's social and environmental standards are met. Recent trends include using other modalities like program-based lending and limiting credit lines when long-term resources are scarce.
Visioning the Strategic Role of Development Finance InstitutionsADFIAP
The document discusses the role of development finance institutions (DFIs) in supporting small and medium enterprises (SMEs). It notes that DFIs must balance developmental and financial goals, evolve to meet changing needs, and stay knowledgeable about markets, technology, and customers. The focus is on Malaysia's SME Bank and its efforts to help SMEs contribute to the economy through initiatives like IQ-Dagang that guide entrepreneurs and help make business ideas investment-worthy. Moving forward, the bank aims to finance the SME ecosystem with a new model driven by desired socioeconomic and commercial outcomes.
The International Trade Centre has developed a strategy to build the capacity of small and medium enterprises (SMEs) through three levels: business and trade policy support, strengthening trade support institutions, and improving exporter competitiveness. The strategy focuses on increasing SME access to finance through partnerships with financial institutions, training SMEs in financial management, and facilitating dialogue between SMEs and banks. The ITC provides tools and services to SMEs, trade support institutions, and financial institutions to improve lending to SMEs and their export success.
Miraculous Solution to Asia Pacific Soft Ground ImprovementADFIAP
Shanghai Geoharbour Group specializes in land reclamation, soft ground improvement, research, design, consulting, and construction. They have developed the High Vacuum Densification Method (HVDM) which combines vacuum drainage and dynamic compaction to quickly dewater, densify, and improve soft soils. HVDM creates an active drainage system under a pressure gradient to expedite consolidation and save schedule time. It has been successfully used on projects such as airports, ports, highways, and industrial developments.
Green Finance: Business Opportunities and Role of Financial InstitutionsADFIAP
1) The document discusses the role of development finance institutions (DFIs) in supporting low-carbon investment and green growth through mobilizing private funding and providing financing support such as guarantees, insurance, and co-financing.
2) It outlines Japan Bank for International Cooperation's (JBIC) efforts to develop a "Joint Crediting Mechanism" (J-MRV) to quantify greenhouse gas emission reductions from low-carbon investment projects and apply it to their due diligence and project finance processes.
3) JBIC aims for J-MRV to serve as an internationally accepted methodology and help scale up low-carbon investment while preparing for future carbon market mechanisms.
Role in Developing Entrepreneurship in MalaysiaADFIAP
Amanah Ikhtiar Malaysia (AIM) plays a key role in developing entrepreneurship in Malaysia through its microcredit program. AIM provides loans and training to low-income households to start small businesses. It has over 250,000 members and has disbursed over $1.5 billion in loans. AIM aims to strengthen entrepreneurship through expanded training programs, new loan products, improved marketing support, and business transformation assistance. Studies show AIM has been successful in significantly increasing members' monthly incomes through its entrepreneur development initiatives.
Recent Disaster in Japan and DBJ’s Role for ReconstructionADFIAP
Recent disasters in Japan, including the 2011 Tohoku earthquake and tsunami as well as the Fukushima Daiichi nuclear disaster, caused widespread damage and over 15,000 deaths. The Development Bank of Japan (DBJ) will provide low-interest loans through government programs to support affected individuals, communities, and businesses during reconstruction efforts estimated to cost over $1 trillion. DBJ has over 60 years of experience financing infrastructure and economic development in Japan. It will draw on its expertise and international partnerships to play a key role in the country's recovery.
Green banking and mrv adfiap takashi hongo jbicADFIAP
The document discusses Japan Bank for International Cooperation's (JBIC) efforts around green banking and measurement, reporting, and verification (MRV) of greenhouse gas emission reductions from projects. JBIC aims to balance economic growth and environmental protection by supporting green projects through a new "GREEN" financial program and J-MRV methodology. J-MRV provides a standardized process to measure and verify emission reductions from various project types to facilitate future carbon market participation and risk mitigation.
The document discusses the role of financial institutions in addressing climate change and business opportunities in public-private partnerships. It notes that climate change will impact businesses and that accounting for greenhouse gas emissions makes good business sense. It also provides examples of how development finance institutions in Asia are financing renewable energy, green technology, and other climate-friendly projects. The document emphasizes that as financial intermediaries, development banks have a role to play in mitigating climate change impacts and supporting climate initiatives.
The document discusses agricultural weather index insurance in Thailand provided by the Bank for Agriculture and Agricultural Cooperatives (BAAC). It provides an overview of BAAC and its operations. It then discusses why risk management is important for farmers, how weather index insurance works as a risk management tool, and the pilot projects conducted from 2006-2010 to test weather index insurance. The pilots showed growing interest from more farmers and covered more provinces and districts over the years. Lessons learned included having a non-complicated model and collaboration between relevant organizations.
The document discusses the history of chocolate, from its origins in Mesoamerica to its popularity in Europe. It details how the Maya and Aztecs cultivated the cocoa bean and used it in drinks. The Spanish conquistadors brought cocoa back to Europe in the 16th century, where it eventually became widely popular after the invention of the chocolate press in the 18th century allowed it to be consumed as a solid form.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like anxiety and depression.
This document discusses the results of a Corporate Governance Scorecard initiative for commercial and universal banks in the Philippines.
1) Twenty total banks participated, including 7 commercial banks and 13 universal banks. Universal banks scored higher on average, with a score of 88% compared to 76% for commercial banks.
2) Scores were calculated based on categories related to shareholders' rights, treatment of stakeholders, control environment, disclosure and transparency, and board responsibilities. Universal banks scored highest in control environment and processes.
3) The results provide benchmark averages that individual banks can use for comparison, with the recommendation that banks be given time to improve their corporate governance practices and compliance based on the scorecard.
This document outlines Citi's priorities and initiatives for supporting financial inclusion globally and in the Philippines. It discusses Citi's work in microfinance and microenterprise financing, financial education, small business support, and disaster response across over 40 countries. In the Philippines specifically, it details Citi's microfinance training programs, commercial loans to microfinance institutions, financial education programs for students and families, and awards for outstanding financial educators.
This document outlines the corporate governance framework of the Philippine Export-Import Credit Agency (PHILEXIM). It discusses PHILEXIM's commitment to good corporate governance, its governance organizational structure which includes committees overseeing governance, risk, audit, and compliance. It also details PHILEXIM's corporate governance initiatives such as aligning with best practices, institutionalizing risk management, adhering to financial standards, implementing compliance programs, and providing training.
The document discusses social finance and financial inclusion. It defines social finance as using financial tools to promote decent work and inclusive access to banking services. Social finance includes micro-lending, social enterprises, and outcome-based grants. It benefits the poor through credit, savings, and risk management. The document advocates a sustainable and diverse banking system to promote social, environmental and economic development through inclusive access to financial services and support for small and medium enterprises.