ADFIAP speaks before Asian credit supplementation institutions

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BERTACSICADFIAP has covered new ground on its work and advocacy on sustainable small and medium enterprise (SME) development during the 23rd annual conference of the Asian Credit Supplementation Institutions Confederation (ACSIC) held at the Shangri-La Hotel Mactan, Cebu in central Philippines from November 15-19, 2010. The theme of the conference was “After the Global Crisis, What’s Next: The Role of Credit Supplementation in Economic Recovery Efforts.” The event was hosted by the Small Business Corporation of the Philippines.

ADFIAP was represented in the conference by Mr. Alberto Reyno of the ADFIAP Consulting (AC) group. He spoke on the topic “SME Financial Inclusion: The ADFIAP Experience.” In his presentation, Mr. Reyno emphasized that the issue on financial inclusion also applies to the sector, noting that most SMEs have difficulty in accessing finance from banks and financial institutions for sustainable operation and competitiveness. Moreover, the topic was deemed relevant to ACSIC as a cooperative body for SMEs, inasmuch as it seeks to address a critical element in the sustainable growth and development of SMEs. In other words, whatever is good for SMEs will also enhance the development of the credit supplementation system in the region that the ACSIC promotes.

Three (3) ADFIAP member-institutions were also represented during the conference – Credit Guarantee Corporation (CGC) of Malaysia, the Japan Bank for International Cooperation (JBIC) and the Japan Finance Corporation Micro Business and Individual Unit – with Datuk Wan Azhar Wan Ahmad and Mr. Masami Yoshida, respectively, presenting their respective countries’ experiences on the conference theme.

The event was attended by 75 delegates from 16 ACSIC member-institutions from eleven countries in the region, namely India, Indonesia, Japan, Korea, Malaysia, Nepal, Papua New Guinea, Philippines, Sri Lanka, Taiwan, and Thailand. The annual conference provided member-delegates a venue for sharing successful or best practices in credit supplementation. ACSIC’s primary objective is the promotion of sound development of the credit supplementation system for small businesses in Asia. More information on the conference is at this link: https://www.sbgfc.org.ph/acsic23/

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