MI AND TICA PUSH FOR SEP IN SME DEVELOPMENT

Trade and Investment Facilitation

Mr. Suriyan Vichitlekarn, Mekong Institute (MI) Executive Director, underscored the importance of supporting small- and medium-sized enterprises (SMEs) due to their role in stabilizing economies at the international online training course on “Sufficiency Economy in Microfinance for SME Development.”

Because, ultimately, much more can be accomplished together, than any of us could ever do alone

Organized by MI, with support from the Thailand International Cooperation Agency (TICA), the training exposed 47 senior- and mid-level officials of academic institutions and the financial sector from Botswana, Brunei Darussalam, Costa Rica, Guyana, Indonesia, Iraq, Lao PDR, Maldives, Pakistan, Peru, the Philippines, Qatar, Sri Lanka, Suriname, Thailand, Uganda, Uzbekistan, Venezuela and Vietnam on the merits of adapting the “Sufficiency Economy Philosophy” (SEP) concept in microfinance and microcredit schemes to better support SMEs, particularly at the time of the prolonged pandemic climate.  

Other than SEP, 14 international and national experts from the Office of the National Economic and Social Development Council, Office of the Royal Development Projects Board, Community Development Department, Agricultural and Food Marketing Association for Asia and the Pacific, Asia Pacific Rural and Agricultural Credit Association, the Central Bank of Bangladesh, Lincoln University in New Zealand, the University of Dhaka, and MI provided sessions on microfinance for SME development; regulatory and government support for microfinance development; community-based microfinance; financial inclusion and poverty; rural community-based microfinance; and sustainability and depth of outreach.

Mr. Madhurjya Kumar Dutta, MI Director of Trade and Investment Facilitation, enjoined participants to translate the learnings from the 10-day sessions into action in their respective home countries.

“It is incumbent upon us to maintain this momentum of support,” he said, adding that when practical business strategies and approaches are disseminated to a broader audience, intra-regional trading activities will be re-activated for the benefit of all.

The online training, which ran from May 10 to 21, 2021, was the second international SEP training held by MI and TICA. The activity was part of TICA’s Annual International Training Course flagship program that was initiated in 1991 as a framework in providing short-term training for development partners, while facilitating a platform for the open exchange of ideas and network building among participants from across the world.

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Mrs. Guohua Liu

Director, Sustainable Energy & Environment (SEE) Department

Mrs. Liu Guohua is the Director of the Sustainable Energy and Environment Department at the Mekong Institute. Prior to this role, she worked in the Department of International Economic Affairs at the Ministry of Foreign Affairs of China, where she played a key role in shaping and implementing China’s cooperation strategies with UN development agencies. During this time, Mrs. Liu was actively involved in advancing initiatives related to the Sustainable Development Goals (SDGs), with a focus on climate change and green development. Additionally, she contributed to the evaluation of projects funded by various Chinese initiatives, such as the Global Development and South-South Cooperation Fund, Lancang-Mekong Cooperation Special Fund, etc.

In addition to her work in the Department of International Economic Affairs, Mrs. Liu has an extensive diplomatic background. She spent 7 years in the Department of African Affairs, followed by a 4-year tenure at the Chinese Embassy in Lao PDR, where she gained deep expertise in both Southeast Asian and African affairs. These diverse experiences have played a crucial role in shaping her approach to sustainable development and international collaboration, particularly in building regional partnerships and tackling global challenges like climate change.

She holds a Master’s degree in Economics, with a specialization in Finance, from the Central University of Finance and Economics, and a Bachelor’s degree in Economics, specializing in International Economics and Trade, from the Shanghai University of International Business and Economics.