Small and medium-sized enterprises (SMEs) including micro enterprises are critical to sustain inclusive economic growth and development in Asia. More than 96% of total enterprises in Asia are SMEs; they account for about 42% of the region’s nominal gross domestic product and 62% of its labor force.
Although Central and West Asian countries have implemented various initiatives to expand banking and microfinance for SMEs, financing remains problematic. Despite the $600 to $700 billion outstanding credit for SMEs in Europe and Central Asia, around $150 to $190 trillion (representing 25–30% of available credit) is still needed to close the credit gap. The gap becomes bigger when the financing needs of micro enterprises are also considered. To close the financing gap and to reduce the financing constraints, more systematic interventions are crucial.
- To increase understanding of trends and challenges of SME financing, including institutional issues (e.g. the role of government and strengthening financial architecture) and possible solutions (e.g., regulatory reforms and financial innovations) for promoting SME financing in Central and West Asia.
- To promote SME financing in developing Asian countries consistent with ADBI’s strategic theme of Poverty Reduction and Inclusive Growth and to build capacity of officials to design better policies for the SME sector.
About 22 mid-level government officials from the central banks, ministries of finance, economic planning and development, and other relevant agencies of 11 Central and West Asian countries (i.e., Afghanistan, Azerbaijan, People’s Republic of China, Georgia, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan and Uzbekistan); as well as international experts and representatives from multilateral banks, academia and the private sector involved in SME development and financing.
Attendance and active participation in all sessions.
- Better knowledge and enhanced capacity of Central and West Asian countries in unlocking finance for SMEs and micro enterprises through the role of SME data, credit rating, credit guarantee, capital markets, and start-up finance;
- Enhanced dialogue among government officials and experts on the trends and challenges of SME financing, as well as policy options and solutions to address financing gaps for SMEs; and
- Presentation materials and country papers for upload on the ADBI website.
How to register
By invitation only.
Asian Development Bank, MOF Georgia (Academy), and CAREC Institute
Time of event
09:00 - 18:00Stay up to date Subscribe to our newsletter and get the latest issues, news, events, jobs and data in your e-mail inbox.