32nd Asian Credit Supplementation Institutions Confederation annual conference next week

Friday, 25 October 2019 00:00 - - {{hitsCtrl.values.hits}}

The 32nd annual conference of the Asian Credit Supplementation Institutions Confederation (ACSIC), hosted by the Central Bank of Sri Lanka, will be held during 28-30 October at Cinnamon Lakeside Hotel in Colombo. Governor of the Central Bank of Sri Lanka Deshamanya Dr. Indrajit Coomaraswamy will be the Chief Guest of the conference. The conference will be followed by the meeting of the Heads of the ACSIC member institutions to develop the Road Map of the ACSIC.

The Asian Credit Supplementation Institution Confederation (ACSIC) was incorporated in 1987 with the objective to promote and develop sound credit supplementation systems particularly for the SMEs in Asia-Pacific countries through exchange of information, discussions and interchange of personnel among small business credit supplementation institutions in Asia. The ACSIC is the largest Asian corporative body for the Small & Medium Enterprises (SMEs) consisting of 16 member institutions from 11 countries. The current member countries of the ACSIC includes India, Indonesia, Japan, Korea, Malaysia, Mongolia, Nepal, Philippines, Sri Lanka, Taiwan and Thailand.

The theme of this year’s conference will be “Credit Supplementation: Towards Sustainable Development” and this will be attended by around 110 participants, including 50 foreign delegates. The event facilitates the participants to share their knowledge, thoughts and hands-on experiences in the stream of credit supplementation.

The event, which will comprise two days of technical sessions on 28 and 29 October, will feature several high-level speakers to share their experiences on the impact of digitalization in credit guarantee systems, innovation in credit supplementation and financial inclusion through sustainable finance. Previously, Sri Lanka hosted the ACSIC conference in 1997.

The ACSIC conference provides an opportunity for knowledge sharing on credit supplementation and to deepen relationships among members, while creating a positive image about the country contributing to a sustainable development in the future.