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6th International MENA Credit Guarantee Conference - Virtual Event
23 - 24 May 2022
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Credit Guarantees: A Path to Sustainable SME Recovery - Virtual Event
6th International MENA Regional Conference 2022 – 23 & 24 May 2022 - 1 PM (Qatar Time) GMT+3
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SMEs play a crucial role in improving any economic development cycle, particularly in developing countries. However, access to formal finance is one of the major challenges. To explain, the majority of SMEs in emerging and developing economies are either unbanked or underbanked, which results in a significant credit gap. This is particularly true for countries in the MENA region.
In emerging and developing economies, access to formal finance is already one of the major constraints faced by SMEs before the outbreak of COVID-19. In fact, the pandemic posed challenges of scope and scale that are unprecedented in modern times. According to World Bank’s Global Economic Prospects, “the global recovery is set to decelerate amid continued COVID-19 flare-ups, diminished policy supports, and lingering supply bottlenecks.”
However, credit guarantee schemes (CGS) can facilitate SMEs’ access to finance and help overcome deficiencies. Enabling sustainable recovery, CGSs play an important role in rebuilding and facilitating the growth of SMEs.
To this end, Qatar Development Bank “QDB”, in partnership with the SME Finance Forum, is hosting the 6th International MENA Credit Guarantee Conference under the theme “A Path to Sustainable SME Recovery.”
Taking place on 23 & 24 May 2022, the conference will convene leading credit guarantee experts and practitioners from the MENA region and beyond, alongside SME finance specialists and industry professionals. During the two-day event, we will discuss the performance and experiences of CGSs in addressing the financial needs of SMEs during and post-COVID-19 era with a sustainable recovery approach.
