1. Outcomes of the APEC SME Finance Forum 22 September 2015 Iloilo City, Philippines Zenaida Cuison-Maglaya Undersecretary, Regional Operations Group Department of Trade and Industry

2. Significance of MSMEs 97% of all enterprises 70% of all employment 35% of global exports

3. MSMEs Access to Finance

4. Key Challenges Lack of real estate commonly accepted as collateral against loans Micro and Small entrepreneurs lack movable assets eligible as collateral

5. Concerns to Address Inadequate legal and institutional infrastructure to support risk-based lending Lack of enabling environment for equity-based financing of small innovative enterprises Lack of access to insurance of vulnerable Micro- and Small enterprises

6. APEC SME Finance Forum

7. Developing the MSME Lending Infrastructure Expanding Access to Finance for MSMEs in Supply Chains Developing Alternative Financing Options for MSMEs Strengthening MSMEs’ Resilience Through APEC Initiatives

8. APEC SME Finance Forum

9. Recommendations Establishment of credit information systems and improvement of policy frameworks for secured transactions; use of movable assets as collateral. Public-private dialogues Establishment of APEC expert groups and development of roadmaps on Disaster Risk Financing and microinsurance

10. Collaboration Iloilo Initiative – Cebu Action Plan Pillar 1: Business Matching and Networking Directories of MSMEs and business opportunities Pillar 2: Trade Regulations Information on trade related measures of APEC economies (to be linked to the APEC Trade Repository and the WTO/ITC websites) Pillar 3: Knowledge Center Trade Promotion Organizations APEC SME Services Alliance Financial Infrastructure Development Network Cross Border E-Commerce Training Program And Others