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 25 June 2021 Session / Activity Title Speaker(s) Opening Opening Remarks: The Roles of Guarantee Insurance Scheme in SME businesses the Case of the Republic of Korea Bruno Carrasco 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 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 Wrap-Up Questions and Answers and Closing Sabyasachi Mitra, Director, SARD, ADB Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Event Coordinator/s Finance Sector Group ADB Organizer/s Finance Sector Office Topics Finance Industry and Trade