I am deeply honored to assume the role of Chairman of APRACA and would like to extend my sincere appreciation to the Executive Committee and our member institutions for their trust and confidence. This appointment comes at a pivotal moment as APRACA enters its 50th year, marking an important milestone in our long-standing commitment to strengthening rural and agricultural finance across the Asia-Pacific region.

Going forward, we will place strong emphasis on advancing economic cooperation and supporting member institutions in developing effective cross-border trade models aligned with existing regional and sub-regional frameworks, including the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeast Asian Nations (ASEAN). Key initiatives will include formulating procedural frameworks to expand market access for clients, identifying partner financial institutions for cooperation agreements, and organizing business promotion events for agricultural products and business matching activities, both in physical and online formats, throughout the APRACA network.

As APRACA undertakes initiatives to celebrate this significant milestone in its Golden Jubilee year, we at BAAC remain committed to supporting efforts to enhance APRACA’s institutional capacity and operational effectiveness in delivering sustainable benefits to rural and agricultural communities across the region.

We would greatly appreciate the support of systemically important institutions within the APRACA framework in celebrating this major event, which is scheduled to take place during the fourth quarter of this year. Your continued collaboration, valuable support, and shared wisdom will be essential in making this occasion both meaningful and successful.

On behalf of the Bank for Agriculture and Agricultural Cooperatives (BAAC), I wish to extend my profound appreciation to all APRACA member institutions for their unwavering commitment to advancing sustainable agricultural and rural development

Chatchai Sirilai

President, Bank for Agriculture and Agricultural Cooperatives (BAAC) 

Chairman of APRACA