Central Bank hosts ACSIC 2019

The Central Bank of Sri Lanka hosted the 32nd Annual Conference of Asian Credit Supplementation Institutions Confederation (ACSIC) – 2019 during 28-30 October at Cinnamon Lakeside Hotel, Colombo.  The ACSIC was established in 1987 with the objective of promoting and developing sound credit supplementation systems. The ACSIC is the largest Asian Corporative body for the Small and Medium Enterprises (SMEs) consisting of 16-member institutions from 11 countries. The current member countries of the ACSIC are India, Indonesia, Japan, Korea, Malaysia, Mongolia, Nepal, Philippines, Sri Lanka, Taiwan and Thailand.  

The theme of the 32nd ACSIC Conference was ‘Credit Supplementation: Towards Sustainable Development’. Central Bank Governor Deshamanya Dr. Indrajit Coomaraswamy attended the Conference as the Chief Guest and delivered the keynote speech at the inauguration.  

The Conference commenced with the meeting of the Chief Delegates of the ACSIC member institutions to discuss the scope of current credit supplementation and developments and to develop the Road Map for upcoming ACSIC events.   

The event comprised two days of technical sessions and featured with high-level speakers; Agrogarante-Mutual Credit Guarantee Society for Micro, SME and Midcaps – Portugal Chairman José Fernando Figueiredo, Central Bank former Deputy Governor Dr. W.A. Wijewardena and Central Bank Additional Director Dr. R.A. Anil Perera, who shared their experiences on the impact of digitalisation in Credit Guarantee Systems, Innovation in Credit Supplementation and Financial Inclusion through Sustainable Finance, respectively. 

The Conference was attended by 90 participants including foreign delegates and served as an opportunity for knowledge sharing on credit supplementation. It also paved the way to deepen relationships among members, while creating a positive image about the country contributing to a sustainable development in the future.