Washington, D.C., February 28, 2018 – The Fondo de Garantías de la Provincia de Buenos Aires (FOGABA) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
“200 million businesses worldwide need financing to invest, grow and create new jobs. We are proud to have FOGABA join our network of 140 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum.
FOGABA has granted guarantees to nearly 20,000 SMEs that develop their activities in the Province of Buenos Aires. FOGABA’s guarantees help SMEs access financing through banks, capital markets, non-banking financial companies and governmental and non-governmental funds.
“Membership with the SME Finance Forum will provide our team access to the practices and knowledge of how to support SMEs acquiring financing,” said Maria Laura García Conejero, CEO of FOGABA. “These benefits will help FOGABA continue to contribute Guarantee Funds to that purpose.”
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative. In 2015, the SME Finance Forum partnered with CapitalPlus Exchange to expand and upgrade the former Small Business Banking Network.
About The Fondo de Garantías de la Provincia de Buenos Aires (FOGABA)
The Fondo de Garantías de la Provincia de Buenos Aires FOGABA is a company with majority State capital which was founded in 1994 and is ruled by the Banco Central de la República Argentina (BCRA) FOGABA grants guarantees to micro, small and medium enterprises (MSMEs) that develop their activities in the Province of Buenos Aires, which helps them access financing through banks, capital markets, non-banking financial companies and governmental and non-governmental funds.
