ADFIAP-KfW dialogue on SMEs Successful

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The inaugural dialogue on SME finance between ADFIAP and KfW held at the KfW headquarters in Frankfurt on August 20-21, 2007 was successful. A total of forty four CEOs and senior officers participated in the event; twenty one from 16 ADFIAP members in 14 countries, seventeen from the KfW Bankengruppe, and six from other German development organizations like GTZ, InWEnt, to name a few.

The dialogue afforded the participants to exchange experiences on SME promotion and financing, to share lessons learned, and to forge new connections for increasing SMEs’ access to capital. It also provided a venue to discuss the main constraints to SME finance as well as financial instruments and approaches that have the greatest potential to promote SME growth.

A wide variety of topics and crosscutting issues on SME promotion and finance were taken up such as equity and venture capital investments, risk-sharing mechanisms, clean development mechanism, energy efficiency, credit rating systems, advisory assistance, securitization, etc. The proposed ADFIAP Enterprise Fund, a regional refinancing facility for SMEs, was also discussed and deliberated upon.

The event was inaugurated by Dr. Klemens van de Sand of the German Ministry of Economic Cooperation, Mr. Wolgang Kroh, Member of the Board of Managing Directors of KfW Bankengruppe, and Mr. Fuimaono Falefa Lima, ADFIAP Vice Chairman.

KfW Development Bank is a premier financial institution working on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) that finances investments and accompanying consulting services in developing countries, mostly in the areas of SMEs.

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