19 June 2013
President Benigno S. Aquino III welcomed the executive council members of the International Association of Depositor Insurers (IADI) in a courtesy call in Malacañang.
The IADI members are in the country for a five-day 39th IADI Executive Council Meeting and International Conference hosted by the Philippine Deposit Insurance Corp. (PDIC). In a statement by PDIC President Valentine Araneta, he said that hosting forums like the IADI is an occasion where the economic progress of the Philippines based on a platform of good governance can be appreciated by delegates from deposit insurance agencies.
Formed in May 2002, IADI is a non-profit organization of international deposit insurers gathered to share knowledge and expertise on matters related to deposit insurance. Aside from participating in international conferences, its members also conduct training and educational programs for the benefit of those who seek to establish or improve their deposit insurance system.
Finance Secretary Cesar Purisima joined the President during the call.