Public Partial Credit Guarantee Schemes – First Task Force Meeting (March 2015)
The first Task Force Meeting for Design, Implementation, and Evaluation of Public Partial Credit Guarantees Schemes for Small and Medium Enterprises in Emerging Markets and Developing Economies, took place on March 30th and 31, 2015 at the World Bank offices in Washington, D.C. The Task Force was convened to come up with a set of credible, generally-agreed voluntary principles for best practices for public partial credit guarantees (PCGs), taking into account the varying challenges of countries at different development stages. During the meetings, the Task Force reached broad consensus on the key areas of coverage in the formulation of the principles for public partial credit guarantee schemes, a timeline for the next phase of the development of the principles as well as a tentative dissemination plan.
Following the first meeting, Task Force members were invited to consult with their constituencies and submit their comments and additional ideas to the Secretariat after the minutes have been circulated. Based on the input and feedback received by the Task Force, the Secretariat drafted a Consultative Document, which included the proposed Principles accompanied by Explanatory Notes. The Consultative Document was circulated to the Task Force in May, 2015 and will be discussed in the second meeting of the Task Force scheduled on June 8-10, 2015, in Washington, DC.
Public Partial Credit Guarantee Schemes – Second Task Force Meeting (June 2015)
The second Task Force Meeting for Design, Implementation, and Evaluation of Public Partial Credit Guarantees Schemes for Small and Medium Enterprises in Emerging Markets and Developing Economies, was held from June 8 - 10, 2015 at the World Bank offices in Washington, D.C. The task force discussed the Consultative Document, which included the proposed Principles accompanied by Explanatory Notes. The Consultative Document consisted of the following components:
A. Legal and regulatory framework;
B. Corporate governance and risk management;
C. Operational framework; and
D. Monitoring and evaluation
Following this meeting, there will be a public consultation with final endorsement of the Principles expected in the 3rd quarter of 2015.
Update: World Bank Group and FIRST Initiative Launch the Principles for the Design, Implementation and Evaluation of Credit Guarantee Schemes for SMEs (December 2015)