Asia-Pacific Rural and Agricultural Credit Association (APRACA)
is a non- government international organization composed mainly of central banks, agricultural banks, development banks, commercial banks, apex organizations and federations of financial institutions, rural development institutions, institutes and non-government institutions in the Asia Pacific region involved directly in agricultural credit and rural development. APRACA was established in 1977 on the occasion of its First General Assembly held in New Delhi, India. Its main goal is to alleviate poverty in the Asia Pacific Region through rural and agricultural finance by facilitating cooperation as well as exchange of information and expertise among its member institutions. Its headquarters is in Bangkok, Thailand.
Realizing the need for a regional institution for research and training in rural finance and banking, APRACA spearheaded the formation of the Center for Training and Research for Agricultural Banking (CENTRAB). Launched in Manila, Philippines, on June 19, 1989, CENTRAB serve as APRACA’s training and research arm. CENTRAB aims to formalize existing informal arrangements to stimulate and facilitate cooperation in the area of training and research and promote better understanding of financial, monetary, banking and economic development issues, particularly as they relate to agriculture and rural areas.