ADFIAP meets with EC Consultant on SME green financing study

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In consideration of ADFIAP’s initiatives and advocacy on greening small and medium enterprises (SMEs) and on the suggestion of the EU Delegation to the Philippines, Mr. Terence Anthony Foulkes, principal expert of the Brussels-based Business and Strategies (B&S) Europe SA, visited the ADFIAP Secretariat office in Manila to discuss and exchange views on SMEs and green financing in relation to the “Technical Assistance and Identification Study for the Financial Component under the SWITCH Asia Programme “, a project recently awarded by the European Commission (EC) to B&S Europe.

The aim of the project is to support the EC in identifying bottlenecks for sustainable consumption and production (SCP) activities in Asia, both from the perspectives of the SMEs and financial institutions, as well as sustainable options to address them. Among other topics discussed during the meeting were SME financing by private commercial banks and what strategies can be adopted to encourage these banks to support SME investments, particularly in greening their operations in relation to SCP promotion. Also discussed are potential areas of cooperation between and ADFIAP and B&S, for instance, with ADFIAP serving as platform for SCP financing initiatives in the Asia-Pacific region.

ADFIAP Consulting (AC) represented by its Group Head, Ms. Corazon D, Conde and Ms. Cecilia M. Ibarra, Head for Advocacy and Training, met with Mr. Foulkes and shared their knowledge and practical experiences on SMEs and green financing in the Philippines and in the Asia-Pacific region.

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