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Consultative Group Meeting 2015

The 4th Consultative Group (CG) Meeting of the FIRST Initiative, titled “How FIRST is making impacts on the ground: Views from clients” was held in Rabat, Morocco on June 9th and 10th, 2015. The FIRST Initiative is built on strong partnerships between its donors, the WBG, the IMF, and our client partners. Thus, the consultative meeting brought together these stakeholders to seek and identify effective new ideas and modalities for the delivery of our technical assistance. Participants included a very geographically and technically diverse group of FIRST clients and partners: from central bank governors, to heads of banking and insurance supervision, and deposit insurance; as well as high level officials from AFI, IAIS, CPMI, and MFW4A. The CG was hailed by participants as a great opportunity for peer to peer learning through both panel discussions and interactive sessions.

Final Report

Meeting Agenda 

List of Attendees 

During the interactive panel discussions some of the speakers also shared visual presentations (PPT), which are shared below:

FIRST in Financial Inclusion

Session: Toward Universal Financial Access by 2020

FIRST in Financial Stability

Session: Post-Crisis Regulatory Reform Agenda: What it means for Developing Countries

FIRST’s longer-term engagement

Session: The FIRST’s Programmatic Approach: Implementation Progress
Ms. Consolate Rusagara, Senior Program Manager, FIRST Secretariat

FIRST in financial sector strategies

Session: Financial Sector Development Strategies (FSDS); a catalyst for comprehensive reforms

Workshop Event: Crisis Simulation

Crisis Simulation Exercises: Overview
Mr. Gabriel G Sensenbrenner, Lead Financial Economist; Ms. Yejin Carol Lee, Financial Sector Specialist - Finance and Markets Global Practice, World Bank

Public Partial Credit Guarantee Schemes – Task Force Meetings (2015)

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)

Consultative Group Meeting 2008

Consultative Group Meeting 2004