A workshop on Housing and Housing Finance in South Asia was conducted jointly by the World Bank and IFC during 27-29 May, 2009 in Jakarta, Indonesia. During the course of the Workshop, the proposal for establishing an E-platform for South Asia Region was discussed between National Housing Bank, India and World Bank with interest and support from other member countries participating in the conference.
The proposal was announced jointly by the World Bank and the NHB, India at the conference and the proposal was well received by all participating member countries.
It was proposed and accepted by all participating countries that the initiative be termed as ‘Asia Pacific Union For Housing Finance’. The World Bank extended a special informal support to the initiative.