Taiwan will host the 37th conference of the Asian Credit Supplementation Institution Confederation (ACSIC) in 2025, the Small and Medium Enterprise Credit Guarantee Fund of Taiwan (TSMEG) has announced.
The decision to have Taiwan host to the annual gathering received unanimous support from member organizations during the organization's annual conference held in Kathmandu, Nepal, from Sept. 20 to 25, according to the TSMEG.
In a pre-recorded video, TSMEG Chairman Wei Ming-ku invited delegates of ACSIC members to the next conference in Taipei in November 2025 to exchange ideas on how to run credit guarantee programs.
"November is a delightful time in Taiwan, a perfect time for travel," Wei said. "Please come enjoy our delicious cuisine, experience our vibrant culture, and embrace the beauty of our natural landscapes."
It will be the fifth time the ACSIC conference is held in Taiwan, Wei said. Taiwan first hosted the annual event in 1993, and most recently held the 30th edition in 2017.
More than 140 officials of credit guarantee institutions, experts and academics took part in the conference in Kathmandu, which was held under the theme of "Financing Innovations for Economic Growth."
They discussed how credit guarantee institutions in the region can help with and streamline access to funding for businesses involved in innovative products and services, while managing risks in funding innovative projects.
TSMEG Advanced Manager Kuo Yu-hsin discussed the Taiwanese fund's experience in supporting startups that became market disruptors, and its participation in every stage of the development of small and medium-sized enterprises (SMEs).
Kuo was honored by the organizers with an award for his participation and performance during the conference.
The Taiwanese government-established fund is a founding member of ACSIC, which was established in 1987 and currently has 16 member institutions in 13 countries across East, Southeast and South Asia.
The TSMEG was established in 1974 to strengthen financing support to SMEs, which were hard-hit by the recession and inflation brought about by the oil crisis in the early 1970s.
The central government provided the initial funding, while local governments and partner financial institutions also contributed to the fund, which is under the supervision of the Ministry of Economic Affairs.
Related videos:TSMEG obtains the right to host the 37th Annual Conference in 2025
Related videos:ACSIC 37th Annual Meeting
(TSMEG)
- Society
Taiwan headline news
10/12/2024 11:38 AM - Culture
Taiwanese film wins top prize at Busan Int'l Film Festival
10/11/2024 10:32 PM - Politics
Threshold of 77,700 set for Oct. 13 Keelung mayoral recall vote
10/11/2024 09:27 PM - Business
Seasonal winds bolster Taiwan's wind power generation: Taipower
10/11/2024 09:05 PM - Politics
Government budget impasse drags on after rare cross-party talks
10/11/2024 08:46 PM