Washington, D.C., November 12th, 2019 – Fundo de Garantia de Crédito (FGC) 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. 

“40 percent of small and medium businesses worldwide struggle to get access to the credit and capital that they need to grow their enterprises. We are thrilled to welcome FGC to our network of more than 160 members who are working to eliminate the finance gap for SMEs,” said Matthew Gamser, CEO of the Forum.

FGC was created by presidential decree in 2012. Based in Angola, FGC facilitates access to credit for entities ranging from financial institutions, to companies, to entrepreneurs lacking guarantees.  

“We are excited to join the SME Finance Forum, to have opportunities to share our knowledge, and learn from other industry leaders at networking events and peer exchange visits” said João Júlio Fernandes, CEO of FGC. 

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. 

About Fundo de Garantia de Credito (FGC)
FGC was created by presidential decree in 2012. Based in Angola, FGC facilitates access to credit for entities ranging from financial institutions, to companies, to entrepreneurs lacking guarantees. FGC is a government-owned institution that operates under Angolan regulation for the mechanism of public guarantees for micro, small, and medium sized businesses. 

Media Contact
Carina Carrasco
ccarrasco@worldbank.org