2
GREEN CREDIT GUARANTEE SCHEMES FOR MSMEs
CONTENTS SUMMARY
3
BACKGROUND AND CONTEXT
4
ENABLING POLICIES AND FRAMEWORKS
8
IMPLEMENTATION CONSIDERATIONS AMONG AFI MEMBERS
24
CONCLUSIONS AND RECOMMENDATIONS
32
APPENDIX
35
ACRONYMS
36
REFERENCES
37
ACKNOWLEDGMENTS This special report is a product of the Inclusive Green Finance Working Group (IGFWG) and SME Finance Working Group (SMEFWG). Contributors: AFI sincerely thanks the IGFWG and SMEFWG Joint Subgroup Leader Najwa Mouhaouri (Bank Al-Maghrib) and the subgroup members: IGFWG Members: Jurandi Panzo (Banco Nacional de Angola), Youraden Seng (National Bank of Cambodia), Walid Ali (Central Bank of Egypt), Apenisa Tuicakau (Reserve Bank of Fiji), Mariyam Najeela (Maldives Monetary Authority), Ralph Ansumana (Bank of Sierra Leone) and Hannington Wasswa (Bank of Uganda). SMEFWG Members: Liliana Orozco (SUGEF Costa Rica), Dominic Sikakau (Bank of Papua New Guinea), Audrey Chetty and Cyril Benoiton (Central Bank of Seychelles), Nxumalo Gcina (Central Bank of Eswatini), Linda Folia (Central Bank of Solomon Islands), Ellen Joyce (Bangko Sentral Ng Pilipinas) and Gul Badshah (Da Afghanistan Bank). We would also like to thank AFI members who participated in interviews and provided extensive feedback: Najwa Mouhaouri (Bank Al-Maghrib), Youraden Seng (National Bank of Cambodia), Jorge Moncayo (SEPS Ecuador), Linda Folia (Central Bank of Solomon Islands) Audrey Chetty and Cyril Benoiton (Central Bank of Seychelles). Special thanks to Kwesi Korboe (Chief Executive Officer at Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL)) and Dr. Muhammad Ja’fari (Director General, Jordan Loan Guarantee Corp. (JLGC)). From the AFI Management Unit: Johanna Nyman (Head of Inclusive Green Finance), Laura Ramos (Policy Manager, Inclusive Green Finance), Jeanette Moling (Policy Specialist, Inclusive Green Finance), and Nik Kamarun (Senior Manager, SME Finance). We would like to extend a special thanks to Tony Deary and Fergus Clark (GBRW Consulting) for their contributions to this special report. We would like to thank AFI member institutions, partners and donors for generously contributing to the development of this publication. The Inclusive Green Finance workstream is part of the International Climate Initiative (IKI), supported by the German Federal Ministry of the Environment, Nature Conservation and Nuclear Safety (BMU), based on a decision by the German Bundestag. © 2022 (June), Alliance for Financial Inclusion. All rights reserved.
Boat market, Solomon Islands. (WaterFrame/Alamy Stock Photo)
