Asian Development Bank Seminar on Enhancing Financial Accessibility for SMEs: Lessons from National Practices on Improving Access to Finance in Asia and the Pacific 2-3 September 2015 Multifunction Room (New Building), ADB HQ, Manila Provisional Agenda Day 1: Wednesday 2 September 2015 Scaling up SME Access to Finance Towards Resilient National Economies 09:00-09:30 Participants Registration 09:30-09:45 Opening Remarks by Mr. Stephen P. Groff, Vice President (Operations 2), Asian Development Bank (ADB) Day 1 chaired by Mr. Bruno Carrasco, Finance Sector Committee Chair and Director of the Public Management, Financial Sector, and Trade Division (SAPF), South Asia Department (SARD) 09:45-09:50 Group Photograph 09:50-10:30 Introductory Session: Emerging Trends in SME Finance and Policies: Lessons from the Asia SME Finance Monitor 2014 10:30-10:40 Coffee break This session will review SME landscape in Asia and the Pacific, extract common and different constraints on SME finance from comparative analysis, and discuss challenges to enhance SME access to finance in the region. Overview of SME financial and non-financial conditions in Asia and the Pacific Financing constraints and national policies for SMEs in Asia and the Pacific Challenges to scale up SME access to finance Presentation: [30 min] Financing SMEs in Asia and the Pacific: Trends and Challenges by Mr. Shigehiro Shinozaki, Financial Sector Specialist (SME Finance), Sector Advisory Service Division (SDAS), Sustainable Development and Climate Change Department (SDCC), ADB Question and Answer session [10 min] 10:40-12:20 Session 1: National Efforts to Improving SME Access to Finance and Challenges In this session, selected government authorities that participated in the Asia SME Finance Monitor will discuss their efforts to improving SME access to finance and explore potential policy framework needed to scale up SME access to finance at the national and regional level. National efforts to improving SME access to finance DRAFT as of 20 August 2015_REV12 Page 1
12:20-13:20 Lunch Constraints SMEs have faced Key policy components to scale up SME access to finance and challenges Malaysia s Efforts and Challenges to Enhancing SME Access to Finance by Ms. Karunajothi Kandasamy, Senior Director, Economics and Policy Planning Kazakhstan s Efforts and Challenges to Enhancing SME Access to Finance by Mr. Nurlan Akshanov, Managing Director of Guarantee Department, Damu Sri Lanka s Efforts and Challenges to Enhancing SME Access to Finance by Mr. Lakshman Wijeyewardena, Director, National Enterprise Development Panel Discussion 1: [40 min] Roles of Policymakers to Improve SME Access to Finance, Key Policy Components, and Challenges Moderator: Mr. Kelly Bird, Director of the Public Management, Financial Sector, and Trade Division (SEPF), Southeast Asia Department (SERD) - Ms. Karunajothi Kandasamy, Senior Director, Economics and Policy Planning - Mr. Nurlan Akshanov, Managing Director of Guarantee Department, Damu - Mr. Lakshman Wijeyewardena, Director, National Enterprise Development - Ms. Inmaculada Martinez, Private Sector Development Specialist, Central and West Asia Department, ADB 13:20-15:10 Session 2: Bank Lending Sophistication and Financial Infrastructure Given the limitations of conventional bank credit to SMEs in Asia and the Pacific, bank lending sophistication is needed to improve SME access to finance in the region. 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 enhancing bankability for SMEs, addressing credit guarantee systems, credit data infrastructure, secured lending, and innovative product design in the banking sector. Sustainable credit guarantee systems Credit data infrastructure and SME access to finance Trends and challenges on secured lending for SMEs Innovative product design and mobile technology for enhancing bankability for SMEs DRAFT as of 20 August 2015_REV12 Page 2
15:10-15:20 Coffee break Enhancing Bankability for SMEs: Indonesia s Initiatives and Challenges by Ms. Lisa Kulasoh, Financial Access and SME Development Department, Bank Indonesia, Indonesia Secured Transaction Reform in the Pacific Region by Ms. Andrea C. Iffland, Regional Director, Pacific Liaison and Coordination Office in Sydney, Australia (PLCO), Pacific Department, ADB Recent Government Efforts on SME Bankability in Mongolia by Mr. Bilguun Ganbat, Head of Department for Coordination of SME Policy Panel Discussion 2: [50 min] Challenges to enhancing bankability for SMEs: roles of credit guarantees, financial infrastructure, and innovative product design with mobile technology Moderator: Mr. Ying Qian, Director of the Public Management, Financial Sector, and Regional Cooperation Division (EAPF), East Asia Department (EARD), ADB - Ms. Lisa Kulasoh, Financial Access and SME Development Department, Bank Indonesia, Indonesia - Mr. Rino S. Zerna, Acting Deputy Director and Head of MSME Finance Specialist Group, Bangko Sentral ng Pilipinas, the Philippines - Mr. Bilguun Ganbat, Head of Department for Coordination of SME Policy - Ms. Andrea C. Iffland, Regional Director, PLCO, Pacific Department, ADB - Mr. Giacomo Giannetto, Senior Financial Sector Specialist, EARD, ADB 15:20-17:00 Session 3: Diversification of Financing Models: Potential of Nonbank and Marketbased Financing for SMEs Nonbank finance sector has been growing in Asia, although still small in scale as compared to the banking sector, where the main component is the microfinance industry. However, nonbank financial instruments such as leasing and factoring have yet to be developed in the region. Meanwhile, some countries have pursued a trial and error for creating an equity financing venue for SMEs. This session will discuss constraints and success factors for developing the nonbank finance sector serving SMEs and market-based instruments for SMEs growth capital financing in Asia. Constraints and challenges on developing the nonbank finance sector Constraints and challenges on raising growth capital for SMEs The role of venture capital and supporting professionals Nonbank and Market-based Financing for SMEs in Asia and the Pacific by Mr. Shigehiro Shinozaki, Financial Sector Specialist (SME Finance), SDAS, SDCC, ADB SME Capital Markets in India by Mr. Ajay Thakur, Head, SME Exchange, Bombay Stock Exchange Bombay Stock DRAFT as of 20 August 2015_REV12 Page 3
Exchange, India SME Capital Markets in the Philippines by Mr. Roel Refran, Chief Operating Officer, Philippine Stock Exchange, the Philippines Panel Discussion 3: [40 min] Potential of developing capital markets for SMEs at the national and regional level Moderator: Ms. Betty Wilkinson, Director, Public Management, Financial sector, and Trade Division, Central and West Asia Department - Mr. Ajay Thakur, Head, SME Exchange, Bombay Stock Exchange Bombay Stock Exchange, India - Mr. Roel Refran, Chief Operating Officer, Philippine Stock Exchange, the Philippines 17:00-17:40 Session 4: Moving Forward Scaling up SME Access to Finance Towards Resilient National Economies This wrap up session will provide lively discussions on key policy issues to enhance financial accessibility for SMEs, based on lessons from this seminar. Moderator: Mr. Noritaka Akamatsu, Senior Advisor, SDCC - Ms. Karunajothi Kandasamy, Senior Director, Economics and Policy Planning - Mr. Ermek Abdibekov, Director of Informational-analytical Department, Damu - Mr. Lakshman Wijeyewardena, Director, National Enterprise Development - Mr. Bilguun Ganbat, Head of Department for Coordination of SME Policy 17:40-17:50 Summary of the Discussion by Day 1 chair Mr. Bruno Carrasco, Finance Sector Committee Chair and Director of SAPF, SARD, ADB 17:50-18:00 Closing Remarks by ADB (tbd) 18:00-18:30 Cocktail Reception hosted by ADB 18:30 End of Day 1 DRAFT as of 20 August 2015_REV12 Page 4
Day 2: Thursday 3 September 2015 SME Participation in Global Value Chains: Challenges and Policy Actions 09:00-09:30 Participants Registration 09:30-10:00 Introductory Remarks by Prof. Naoyuki Yoshino, Dean, Asian Development Bank Institute (ADBI) [via video, connecting from Tokyo] by Mr. Noritaka Akamatsu, Senior Advisor, SDCC, ADB Day 2 chaired by Mr. Paul Vandenberg, Senior Economist, ADBI 10:00-12:00 Session 5: SME Participation in Global Value Chains: Constraints and Challenges This session will discuss the findings from the thematic study on internationalization of SMEs and global value chains prepared by ADB and ADBI, addressing the analysis on SME participation in global value chains based on the survey findings in Kazakhstan, Papua New Guinea, the Philippines, and Sri Lanka, and policy implications from financial and non-financial points of view. Presentations: [60 min] Comparative Analysis of Global Discussions on SMEs and Global Value Chains by Prof. Charles Harvie, University of Wollongong, Australia, and Prof. Teerawat Charoenrat, Khon Kaen University, Thailand Findings from ADB Surveys on SME Participation in Global Value Chains by Mr. Shigehiro Shinozaki, Financial Sector Specialist (SME Finance), SDAS, SDCC, ADB Policies to Enhance SME Internationalization by Mr. Paul Vandenberg, Senior Economist, ADBI Open Floor Discussion [60 min] 12:00-12:20 Summary of the Discussion by Day 2 chair 12:20 End of Day 2 DRAFT as of 20 August 2015_REV12 Page 5