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IFC Supports SME Workshop to Promote SME Development

Port Moresby, Papua New Guinea, December 8, 2016 —IFC, a member of the World Bank Group, in association with the PNG government, today held a workshop for small and medium enterprises to showcase international expertise and best practice case studies. This is part of an effort in association with the PNG Government to develop and foster sustainable growth of the country’s SME sector.
The workshop was sponsored by PNG’s Department of Trade, Commerce, and Industry, with support from the IFC, World Bank  and SME Corporation of PNG.  
“The objective of the workshop is to share knowledge among participants and contribute expertise and experience to assist the sustainable development of SMEs and analyze business-enabling environment constraints to SME development,” said Gavin Murray, IFC Resident Representative for PNG. “We are pleased to support the PNG Government’s endeavors to prioritize the SME sector in view of the sector's potential contribution to economic development and growth in PNG.”
The program also focused on initiatives for the SME sector being implemented by the Department of Trade, Commerce, and Industry and the scope of the newly-set up SME Corporation.
Participants at the workshop were addressed by leading international experts, who shared their knowledge and experiences with the local SME community. They included Simon Bell, Head of SME Finance, Charles Schneider, Senior Private Sector Development Specialist, T&C, East Asia Pacific.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org
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