ADFIAP, ITC, ITD organize Roundtable on Regional SME Center

ADFIAP, the Geneva-based International Trade Centre (ITC) and the International Institute for Trade and Development (IITD) of Thailand organized a roundtable meeting on the proposed setting up of a Regional SME Finance and Knowledge Center on November 24-25, 2009 at the Planters Development Bank Headquarters in Makati City, Philippines.

The envisioned Regional SME Finance and Knowledge Center is aimed at building the capacity of trade support institutions (TSIs), chambers of commerce and industry and SMEs, resulting in easier access to finance. Using existing practical tools and solutions developed by the organizing organizations, the Center is expected to produce, among others, country-based resource persons that would train and coach SME managers on sound financial management practices.

The two-day event was participated in by experts from ADFIAP-members in India (Small Industries Development Bank of India), Philippines (Planters Development Bank), and Malaysia (SME Bank Malaysia) and other supporting and participating institutions like the Philippines’ Department of Trade and Industry and the University of the Philippines’ Institute for Small Scale Industries (UPSSI). The end result of the meeting was an initial concept paper on the structure, content and modality of the Center which will then be developed into a full project proposal for grant purposes.

This event is a first step in the implementation of the Memorandum of Understanding between ADFIAP and ITC which was signed on October 28, 2009 at the Dusit Thani Manila held during the CEO Forum VI.