Guarantee Insurance Scheme for SMEs
25 June 2021
Guarantee insurance schemes and products such as surety bonds have reduced credit risk embedded in businesses of small and medium-sized enterprises (SMEs) and have helped expand SMEs' participation in economic activities.
This webinar shared lessons from ROK's experience in guaranteeing insurance schemes and products for SMEs and the implications of these schemes for Asian developing economies
This webinar aimed to:
- Provide an understanding of guarantee insurance schemes and their benefits.
- Identify guarantee insurance schemes in light of the Republic of Korea’s economic development and how it was utilized as a tool to back up the credit of MSMEs.
- Provide success factors in guarantee insurance schemes.
- Provide insight for Asian developing countries seeking efficient and effective establishment and operation of guarantee insurance schemes for MSMEs.
Program and Learning Materials:
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 25 Jun 2021 | Opening |
Opening Remarks: The Roles of Guarantee Insurance Scheme in SME businesses the Case of the Republic of Korea |
Bruno Carrasco |
| 25 Jun 2021 | Presentation |
Guarantee Insurance Scheme: How it has supported the underserved like MSMEs, This presentation gives an overview of how guarantee insurance schemes can support SMEs. |
Ji Yoeng Choi |
| 25 Jun 2021 | Panel Discussion | Discussion |
Takuya Hoshino, Financial Sector Specialist, SAPF, ADB Benita Ainabe, Financial Sector Specialist (Capital Markets), SEPF, ADB Richard Wulff, Executive Director, International Credit and Surety Association |
| 25 Jun 2021 | Wrap-Up | Questions and Answers and Closing | Sabyasachi Mitra, Director, SARD, ADB |