APRACA has successfully achieved functional specialization by decentralizing its activities in the areas of training, consultancy and publications, through the creation and operation of following three agencies. All these activities have effectively been coordinated by the Secretariat.
Asia-Pacific Rural and Agricultural Credit Association
Establishment of APRACA Agencies
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- Establishment of APRACA Agencies
APRACA-CENTRAB
was incorporated on February 15, 1989 in Manila, Philippines as a training arm of APRACA. CENTRAB which aimed at formalizing existing informal arrangements for stimulating and facilitating cooperation in the area of training and research and of promoting better understanding of financial, monetary, banking and economic development matters, particularly as they relate to agriculture and rural areas. CENTRAB is governed by its Board of Trustees that comprises eight APRACA member institutions in the Philippines. CENTRAB has been hosted by member institutions in the Philippines, first by the Central Bank, then the Development Bank and, at present, by Land Bank of the Philippines.
A-RAFEA
APRACA-Rural and Agricultural Finance Experts’ Association is an arm of APRACA to support member institutions with technical backstopping and hand holding for designing and delivering of financial products.