Innovative mechanisms for financing and guarantees for MSMES: CASME
Santo Domingo, Dominican Republic, April 19 – 21, 2017
SESSION I. CARIBBEAN PANEL: STATUS OF FINANCING AND GUARANTEES FOR MSMEs IN CARIBBEAN COUNTRIES. RECOMENDATIONS BASED ON BEST PRACTICES
Innovative mechanisms for financing & guarantees for MSMES: CASME
Presentation of Ethnie Miller Simpson of the Caribbean Association of Small and Medium Enterprises (CASME). Photo Credits: MICM Dominican Republic.
Objectives:
1) Identify innovative mechanisms for financing and guarantees in Latin America and the Caribbean, and 2) Follow up the agreements reached at the Central American and Caribbean sub regional meetings on financing and guarantees, organized by the Permanent Secretariat Background
• Two meetings held by the Permanent Secretariat (El Salvador 2013 and Guyana 2014).
• More recently, in 2015, the Permanent Secretariat conducted two activities to analyze this problem: The “Seminar on financing and guarantee systems to support SMEs in the Caribbean” Jamaica 2015, and Costa Rica 2015 which featured the “Prefeasibility study on the creation of a Regional Guarantee System for SMEs in the Caribbean and Central America was submitted
2) Conclusions of both meetings resulted in useful actions and recommendations to continue strengthening guarantee and financial systems for MSMEs in the Caribbean and Central America 3 Today’s Objective:
• To monitor the achievements made in financing and guarantees in Latin America and the Caribbean,
• To introduce the analysis of innovative financing mechanisms available to MSMEs.
• To assess the regional integration that this type of event promotes,
• To explore the possibility of establishing a Regional Guarantee System for the Caribbean through strategic alliances with other regional organizations that favour its performance, such as CARICOM, CASME and the Caribbean Development Bank, among others.