AC prepared a Concept/Strategy Paper and a Project Document on the setting up of an SME Regional Centre aimed at accelerating economic growth and development, generating employment and reducing poverty by addressing the problem of lack of access to formal finance of Small and Medium Enterprises (SMEs) which constitute the major impediment to SMEs growth and competitiveness.
The project involves the setting up an apex organization responding to the specific needs of the Asia and Pacific region, specifically the 45 countries that are part of the ADFIAP network, by promoting a better dialogue amongst stakeholders, advocating better practices, facilitating knowledge sharing, identifying the needs of the most promising sectors and providing the region with a platform for incubating new approaches for consolidating existing SMEs and attracting new comers to do business.