EMGN 3rd Annual Conference11 December 2022- 12 December 2022. From 18:30 | Conference | English | Cairo
EMGN (the Euro-Mediterranean Guarantee Network) organises its third annual conference “Guarantee Schemes in the Mediterranean: Pillars of Today’s Stability, Actors for Tomorrow’s Prosperity” to tackle issues related to the impact on the SMEs cluster, the backbone of all economies, of the current high levels of uncertainty, high inflation rates, energy crunch, climate change impacts, trade slow-down…
This situation has requested immediate and effective involvement by the governments to mitigate the effects of these challenges and secure SMEs’ business continuity for the sake of market stability. And the guarantee industry, an industry of over USD 2 trillion size by the end of 2021, was categorised by policymakers as the most reliable tool capable of establishing the best financing environment for SMEs and securing their access to favorable and cheaper finance. The industry was also favoured by policymakers for its ability to maximise the utilisation of public resources and limit the burden on public budgets. A fact that has placed guarantee as one of the most targeted tools by all governments to achieve their plans vis-à-vis the current economic challenges.
As such, guarantee institutions all over the world and across their different networks had been working on finding the right and unconventional means to play this pivotal role and support their governments through this very challenging timing.
This event is allowing participants to discuss how policy-makers view the role of guarantee schemes in mitigating current risks and uncertainties, how guarantee institutions are ready to handle their expanded role with a special focus on green-finance and innovative products of equity, and finally how guarantee institutions can secure their financial sustainability with the forecasted high risks and expanded role.
The conference is organised by the EMGN network, coordinated by the Euro-Mediterranean Economists Association (EMEA) and the IEMed, supported by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). It is co-organised in Cairo with the Credit Guarantee Company of Egypt (CGC).