In the framework of its Annual Meetings, the ADB Private Sector Department convened a consultation with managers of DFIs to discuss a number of proposals on the enhancement of collaboration between the African Development Bank (ADB) and the African DFIs, at the Shanghai International Convention Center on May 14, 2007. The proposals included the following:
• More systematic knowledge-sharing;
• Joint project pipeline development and co-financing;
• Enhanced lines of credit; and
• Collaboration in areas of risk and treasury management.

The consultation facilitated by Mr. Tim Turner, Manager, ADB Private Sector Development Department, re¬corded the active participation of CEOs of African national, regional and international DFIs. At the meeting, the Secretary General of AADFI, Mr. Joseph Alfred Amihere stated that the AADFI completed the preparation of Prudential Standards and Guidelines for African DFIs and pleaded for assistance to train the Association’s members and interested African DFIs to apply them. He thanked the ADB for its support and assistance in the preparation of the Prudential Standards and Guide¬lines.