The First ADB-OECD Workshop on Enhancing Financial Accessibility for SMEs Lessons from Asian and OECD Areas Crises. Agenda

Transcription

1 Day 1: Wednesday 6 March Bank Lending Efficiency 09:00-09:30 Participants Registration The First ADB-OECD Workshop on Enhancing Financial Accessibility for SMEs Lessons from Asian and OECD Areas Crises 6-7 March 2013 Auditorium C-D, ADB HQ, Manila Agenda 09:30-10:00 Opening Remarks by Mr. Bindu N. Lohani, Vice President for Knowledge Management and Sustainable Development, Asian Development Bank (ADB) by Mr. Sergio Arzeni, Director of the OECD Centre for Entrepreneurship, SMEs and Local Development Day 1 chaired by Mr. Ying Qian, Acting Chair of the Financial Sector Development CoP and Director of the Public Management, Financial Sector, and Regional Cooperation Division, East Asia Department, ADB Group Photograph 10:00-12:00 Session 1: Emerging Trends in SME Finance and Policies This session will review SME landscape in Asia and OECD regions, extract common and different constraints on SME finance between the two regions, and discuss policy responses to improving SMEs access to finance in pre- and post-crisis settings. Overview of SME financial and non-financial conditions in the Asian and OECD regions Financing constraints and national policies for SMEs in the Asian and OECD regions Challenges to scale up SMEs access to finance Presentations: [40 min] A New Regime of SME Finance in Emerging Asia by Mr. Shigehiro Shinozaki, Financial Sector Specialist (SME Finance), Office of Regional Economic Integration, ADB Emerging Trends in SME and Entrepreneurship Finance: Findings from the OECD Scoreboard by Mr. Sergio Arzeni, Director of the OECD Centre for Entrepreneurship, SMEs and Local Development REV40 as of 27 Feb Page 1

2 12:00-13:00 Lunch Panel Discussion 1: [60 min] Roles of policymakers to improve SMEs access to finance amid an era of global financial uncertainty Moderator: Ms. Shigeko Hattori, Director, Public Management, Financial Sector, and Trade Division, Southeast Asia Department, ADB - Mr. Nara Soem, Deputy Director General, Ministry of Industry, Mines and Energy, Cambodia - Mr. Bakytzhan Sarkeyev, Deputy Chairman, Committee for Entrepreneurship Development, Ministry of Economic Development and Trade, Kazakhstan - Mr. Somdy Inmyxai, Director General, Department of SME Promotion, Ministry of Industry and Commerce, Lao PDR - Ms. Karunajothi Kandasamy, Senior Director, Economic and Policy Planning Division, SME Corp. Malaysia - Ms. Chuchi G. Fonacier, Managing Director, Bangko Sentral ng Pilipinas, Philippines 13:00-15:00 Session 2: Financial Infrastructure for SMEs Given the bank-centered financial system established in Asia, bank lending efficiency is crucial for improving SMEs access to finance. At the same time, a sound legal and financial infrastructure is key to mitigate market failures and reduce the supply-demand gap in SME finance, driven by information asymmetry. This session will discuss barriers and challenges to creating SME data infrastructure and legal infrastructure for secured transactions. Credit data infrastructure and SMEs access to finance SME data collection: The way to measure SME data Legal framework for secured transactions for SMEs Presentations: [40 min] Methodological Challenges for SME Data Collection by Ms. Lucia Cusmano, Senior Economist, and Mr. Matthias Buerker, Consultant, SME and Entrepreneurship Division, OECD Secured Transaction Reform in the Pacific Region by Mr. Aaron Levine, Business Law and Registry Expert, ADB REV40 as of 27 Feb Page 2

3 15:00-15:10 Coffee break Panel Discussion 2: [60 min] Challenges to creating SME financial and non-financial data infrastructure and legal framework to facilitate SMEs access to finance Moderator: Mr. Aaron Levine, Business Law and Registry Expert, ADB - Mr. S.M. Shaheen Anwar, Deputy General Manager, Small and Medium Enterprise Foundation, Bangladesh - Mr. Anthony Delacruz, National Development Bank Limited of Papua New Guinea - Mr. Baltazar N. Endriga, President and CEO, Credit Information Corporation, Philippines - Ms. Penchan Manawanitkul, Senior Officer, the ASEAN Secretariat - Mr. Matthew Gamser, Head, SME Finance Forum for G20, International Finance Corporation, World Bank Group 15:00-17:10 Session 3: Sustainable Credit Guarantee Business for SMEs and Innovation Credit guarantee schemes are widely used policy instruments to mitigate the banks risk associated with SME lending thereby increasing the flow of funds to small businesses. However, designing guarantee schemes that generate additional funding to SMEs while being financially sustainable is a challenging task. This session will review credit guarantee systems in Asia and OECD regions, and discuss challenges for creating sustainable guarantee business environment, with innovative ideas. Trends in credit guarantee systems for SMEs in the Asian and OECD regions Challenges for sustainable guarantee business Innovative guarantee products and services Presentations: [40 min] The Role of Credit Guarantee Systems and Mutual Guarantee Societies in Supporting Finance to SMEs by Ms. Lucia Cusmano, Senior Economist, and Mr. Matthias Buerker, Consultant, SME and Entrepreneurship Division, OECD Credit Guarantee Systems for SMEs in Asia by Mr. Shigehiro Shinozaki, Financial Sector Specialist (SME Finance), Office of Regional Economic Integration, ADB REV40 as of 27 Feb Page 3

4 Panel Discussion 3: [60 min] How to develop sustainable credit guarantee business for SMEs Moderator: Mr. Bart Raemaekers, Senior Guarantees and Syndications Specialist, Office of the Director General, Private Sector Operations Department, ADB - Mr. Y. Santoso Wibowo, Head of Rural Bank and MSME Development Group, Bank Indonesia - Mr. Benel P. Lagua, President and COO, Small Business Corporation, Philippines - Mr. Sunil Lankathilake, Assistant Governor, Central Bank of Sri Lanka - Mr. Kriengkrai Chaisiriwongsuk, Vice President, Thai Credit Guarantee Corporation, Thailand 17:10-17:30 Summary of the Discussion by Mr. Ying Qian, Acting Chair of the Financial Sector Development CoP and Director of the Public Management, Financial Sector, and Regional Cooperation Division, East Asia Department, ADB 17:30-18:00 Cocktail Reception hosted by ADB 18:00 End of Day 1 Day 2: Thursday 7 March Diversified Financing Modality 09:00-09:30 Participants Registration 09:30-09:45 Introductory Remarks by Mr. Sergio Arzeni, Director of the OECD Centre for Entrepreneurship, SMEs and Local Development Day 2 chaired by Mr. Sergio Arzeni, Director of the OECD Centre for Entrepreneurship SMEs and Local Development 09:45-12:00 Session 4: Financing Instruments for Internationalization of SMEs The past and recent crises in Asia and OECD countries suggest that bank financing cannot represent the only solution for improving SMEs access to finance and highlight the need to develop financing instruments beyond traditional bank lending. Given the increased importance of global trade and value chains, internationalization is one of the critical issues for SMEs to survive and grow beyond their SME status. This session will discuss benefits and challenges of trade finance and supply chain finance for SMEs. Trade finance for SMEs Supply chain finance for SMEs REV40 as of 27 Feb Page 4

5 12:00-13:00 Lunch Factoring arrangements for SMEs Presentation: [40 min] Trade Finance for SMEs and its Challenges; ADB Supply Chain Finance Project: Expected Benefits for SMEs by Ms. Christine Engstrom, Principal Investment Specialist, Private Sector Financial Institutions Division, Private Sector Operations Department, ADB The Role of Factoring for SMEs: Benefits and Challenges by Mr. Shigehiro Shinozaki, Financial Sector Specialist (SME Finance), Office of Regional Economic Integration, ADB Panel Discussion 4: [60 min] Benefits and challenges of trade finance and supply chain finance for SMEs Moderator: Mr. Noritaka Akamatsu, Lead Financial Economist, East Asia and Pacific, World Bank - Mr. Robert Dravers, Director, SME & Mid Market, Export Finance and Insurance Corporation, Australia - Mr. Scott Shepherd, President and CEO, Northernstar Trade Finance, Canada - Mr. Ahmed Shaheen, Head of Structured Finance & Relationship Unit, Eastern Bank Ltd, Bangladesh - Mr. Norihiko Kato, CEO, Khan Bank, Mongolia - Mr. Octavio B. Peralta, Secretary General, Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Open Floor Discussion [35 min] 13:00-15:20 Session 5: Capital Market Financing for SMEs Under the bank-centered financial system, capital markets for SMEs are still in the early stage of development in Asia. Some countries have pursued a trial and error approach for creating an equity financing venue for growth-oriented SMEs. There is also a new movement of creating an SME bond market in some countries. This session will try identifying constraints and success factors for the development of SME capital markets, and discuss the potential of private equity investment in SMEs and the role of venture capital industry. Constrains and challenges on raising growth capital for SMEs Potency of capital markets for SMEs Private equity investment and the role of venture capital Presentations-1: [40 min] Growth Capital for SMEs by Ms. Lucia Cusmano, Senior Economist, SME and Entrepreneurship Division, REV40 as of 27 Feb Page 5

6 15:20-15:30 Coffee break OECD The Potency of the SME Exchange in India by Mr. Ajay K. Thakur, Head of SME Segment, Bombay Stock Exchange, India Presentations-2: [40 min] The Potency of the SME Bond Market in Korea by Dr. Heejoon Jeong, Jeonju University, Republic of Korea The Potency of the SME Bond Market in China by Mr. Shu Jiang, Bond Analyst, China Industrial Bank, People s Republic of China Panel Discussion 5: [40 min] Is there demand for developing SME capital markets? How to respond to the new financing modality for SMEs Moderator: Mr. Noritaka Akamatsu, Lead Financial Economist, East Asia and Pacific, World Bank - Ms. Nurhaida, Chief Executive of Capital Market Supervisory, Indonesia Financial Services Authority - Mr. Ajay K. Thakur, Head of SME Segment, Bombay Stock Exchange, India - Dr. Heejoon Jeong, Jeonju University, Republic of Korea - Mr. Shu Jiang, Bond Analyst, China Industrial Bank, People s Republic of China 15:30-17:30 Session 6: Role of Public Finance for SMEs The role of public financial institutions is often discussed for supplementing SMEs funding difficulties especially in the event of financial crisis. However, a public system always carries the risk of bloating the national budget, which makes continuous financial services for SMEs difficult to maintain, and may crowd out private sector activities. This session will discuss the pros and cons of public sector financial institutions and the impact of such public intervention on SMEs access to finance. Trends in public finance for SMEs in the Asian and OECD regions Pros & cons on direct lending and guarantee by public financial institutions Impact of public finance on SMEs access to finance REV40 as of 27 Feb Page 6

7 Presentations: [60 min] The Role of Public Financial Institutions in Financing SMEs by Mr. Matthias Buerker, Consultant, SME and Entrepreneurship Division, OECD Public Finance: Impact on SMEs Access to Finance by Mr. Hikaru Fukanuma, Principal Economist, Research Institute of Japan Finance Corporation, Japan The Role of Public Finance for SMEs in Korea by Mr. Tae Hyung Kwon, Director, Small & medium Business Corporation, Republic of Korea Panel Discussion 6: [60 min] How effectively public financial institutions support SMEs during financial crises Moderator: Ms. Betty Wilkinson, Director, Public Management, Financial Sector, and Trade Division, Central and West Asia Department, ADB - Mr. Nara Soem, Deputy Director General, Ministry of Industry, Mines and Energy, Cambodia - Mr. Bakytzhan Sarkeyev, Deputy Chairman, Committee for Entrepreneurship Development, Ministry of Economic Development and Trade, Kazakhstan - Mr. Somdy Inmyxai, Director General, Department of SME Promotion, Ministry of Industry and Commerce, Lao PDR - Ms. Karunajothi Kandasamy, Senior Director, Economic and Policy Planning Division, SME Corp. Malaysia - Ms. Nguyen Thi Bich Thuy, Deputy Director, SME Development Division, Agency for Enterprise Development, Ministry of Planning and Investment, Viet Nam 17:30-18:00 Session 7: Challenges for SMEs Access to Finance: Lessons from Asian and OECD s Experiences [30 min] In the last session, all participants will discuss pragmatic challenges to ensuring SMEs stable access to finance against unexpected events such as a financial crisis, based on lessons from discussions in foregoing sessions. 18:00-18:10 Summary of the Discussion and Closing Remarks by Mr. Sergio Arzeni, Director of the OECD Centre for Entrepreneurship, SMEs and Local Development 18:10 End of Day 2 REV40 as of 27 Feb Page 7