ADBI-ADB-CI Final Conference: Leveraging SME Finance though Value Chains in the CAREC Landlocked Economies | Asian Development Bank

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ADBI-ADB-CI Final Conference: Leveraging SME Finance though Value Chains in the CAREC Landlocked Economies

Event | 29 November 2018 Astana, Kazakhstan
Time of event

09:00–18:00

Background

Small and medium-sized enterprises (SMEs) are particularly important for countries in transition, facilitating the shift from mass production to demand driven and market-oriented economies. SMEs are the backbone of economic activity in Asia and the Pacific, and critical to sustain inclusive economic growth and social development. More than 96% of enterprises in the region are SMEs, which account for about 42% of total GDP and employ 62% of the workforce. However, SMEs in the Central Asia Regional Economic Cooperation (CAREC) countries, especially in the former Soviet Union states, face peculiar challenges where the private sector is still in the initial stage of development.

Stronger SMEs can foster private enterprise, innovation, market development, employment, economic diversification, and induce efficient allocation of scarce resources. By joining global value chains (GVCs), SMEs can contribute to development in the CAREC landlocked economies. SMEs especially in agri-business can help the CAREC region diversify its production base, create employment opportunities, alleviate poverty, and ensure regional food security. Linking regional agriculture value chains in sparsely populated cities and distant markets will not only improve market shares and cash flow projections, but also offer better opportunities for access to finance.

Objectives
  • Take stock of challenges faced by SMEs in the CAREC landlocked economies in terms of their access to finance
  • Identify cultural, procedural, institutional, and regulatory incentives, disincentives, and barriers to finance faced by SMEs, and the reasons for such barriers
  • Transmit research management experience from ADBI to CAREC Institute (CI), including: (i) demonstrating to CI ADBI’s system for planning, implementing, monitoring, and evaluating research activities, including how its research management group is structured; and (ii) providing CI its proposal template and standards/guidelines for reviewing proposals
Participants

50 academics, think tank researchers, policy makers and students

Output
  • ADBI and CI working papers
  • ADBI-ADB-CI book
How to register

By invitation only

Partners

Asian Development Bank (ADB) and CAREC Institute