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.


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.

APRACA Consultancy Services (ACS)

was established in June 1992 in Jakarta, Indonesia in order to provide development consulting services of relevance to, and in support of , APARCA objective and programmes. ACS aims at mobilizing and deploying experts from APRACA member and non-member institutions, conducting expert consultations related to rural development and poverty alleviation porogrammes, and undertaking studies on rural finance policy reforms and financial innovations. ACS operates its own Board composed of three APRACA members in Indonesia; Bank Indonesia, Bank Rakyat Indonesia and Bank Bukopin.

The APRACA Publications

was established by the decision of the sixth APRACA General Assembly held in Kathmandu, Nepal in December 1986. The APRACA Publications, based in Mumbai, India, has undertaken the collection and editing of relevant rural finance materials for the publication of the APRACA’s quarterly journal, Asia Pacific Rural Finance, later renamed as APRACA Journal of Rural Finance. Articles on innovative rural finance schemes and other relevant issues have been solicited from members and other partner institutions. It has also published other technical books on rural finance.