The Working Group will serve as a coordinating body to promote and advocate for SME financing. It will work with regulated financial institutions to identify and facilitate actions to increase loan portfolio to SMEs. It will also have specific focus to work with government and development partners to assist institutionalize risk-sharing and guarantee scheme facilities as a platform for increasing loan financing to SMEs by financial institutions.
Progress Update: Working Group facilitated dialogue with Department of Commerce and Industry to progress the work to carry out a feasibility study on Credit Guarantee Scheme for SMEs in PNG. The objective of the study is to facilitate access to sustainable credits for SMEs