AC joins CIPE-ISA experts roundtable on barriers faced by SMEs in property markets

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Upon invitation of the Center for International Private Enterprise (CIPE) and the Institute for Solidarity in Asia (ISA), ADFIAP Consulting (AC) joined an experts roundtable on July 12, 2011 held at the PhilAm Life Building in Makati City, Philippines to review and discuss the findings and policy recommendations as well as gather additional inputs on barriers faced by small and medium enterprises (SMEs) in property markets. The session was attended by representatives from the Senate and Congress, local government units, government agencies, non-government organizations, industry associations, academe, property sector and financial institutions who gave their respective views on the findings and suggestions on the recommendations that will be incorporated in CIPE’s final report directed towards policy reforms to enhance governance standards and SME access to finance in the property sector.

CIPE, which has also supported ADFIAP in its corporate governance and citizenship programs, is conducting this initiative in the Philippines with ISA as its partner. In order to gather first hand views on the major areas of concern, problems and constraints and proposed policy recommendations, ISA earlier conducted focused group discussions with small business owners in Manila and in San Fernando, Pampanga as well as interviews with real estate, legal and banking professionals working with SMEs. Included among the areas covered were: security of property rights, legal protection, systems and procedures, institutions and agencies, financing and access to credit.

Also, in cooperation with the International Real Property Foundation, CIPE has come up with a scorecard that illustrates the strength of various components of markets in a given country such as property rights, access to credit, effective governance, rational dispute resolution, financial transparency and linkages between them, the focus of which is on looking into issues related to property rights and access to credit that SMEs face in urban commercial markets.

AC was represented in the roundtable discussion by its Head, Ms. Cora Conde and Ms. Arlene Orencia, Head of Projects and Programs, who presented ADFIAP’s advocacies and initiatives on SME financial inclusion and its role in creating a platform through forums for SMEs and financial institutions to meet and to come up solutions on financing concerns.

For more information on CIPE’s advocacies, initiatives and programs, please visit its website at www.cipe.org/.

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