World Federation of Development Financing Institutions - Makati City, Philippines

It was in Zurich in June 1979 at a UNIDO development bank conference that AADFI, ADFIAP and ALIDE, jointly with KfW of Germany signed an agreement to establish the World Federation of Development Financing Institutions (WFDFI). Its first governors were Willi F. L. Engel of KfW, Frankfurt; René Amichia of AADFI, Ivory Coast; Tomás Pastoriza of ALIDE, Dominican Republic; and Vicente R. Jayme of ADFIAP, Philippines. By the end of 1979, the WFDFI opened its secretariat at the Instituto de Crédito Oficial (ICO) in Madrid, then headed by Rafael Bermejo Blanco.