The Jakarta Post, Jakarta
JAKARTA: For the third time in 20 years, Indonesia will host the annual conference of the Asian Credit Supplementation Institution Confederation (ACSIC), an association of Asia-Pacific credit guarantee agencies, to be held Nov. 5-8 in Nusa Dua, Bali.
"The conference will seek input regarding the role of ACSIC members in fostering development of small and medium enterprises in their countries," ACSIC committee secretary general Nanang Waskito said Thursday in a press statement.
Nanang said the conference, to be opened by Finance Minister Sri Mulyani Indrawati, would feature a number of noted speakers including senior officials from USAID, the World Bank and European securities companies.
The conference, he said, would be attended by 99 delegates, including those from two future ACSIC members, CGTSME of India and KOREG of South Korea.
Nanang said: "There will be a signing of the ACSIC Bali Declaration to commemorate ACSIC's 20th anniversary."
Established in 1987, ACSIC comprises 14 credit guarantee agencies from 10 Asia-Pacific countries, three of which are from Indonesia: Askrindo, Perum Sarana Pengembangan Usaha and Penjaminan Kredit Pengusaha Indonesia.
Nanang said since joining the organization, the Indonesian companies had benefited from ACSIC discussions and training.
"We use input from ACSIC events to revise company policies and give suggestions to government so that they can extend credit to non-bankable SMEs," he said. (14)
He also said, after a months-long delay pending discussion of cost recovery arrangements in the country's oil and gas industry, the government would offer investors 26 oil and gas blocks for tender.
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