GNGI
What is the GNGI?
On Friday, 24 June 2016, the Global Summit of SME Guarantee Organisations Leaders decided in Porto to set up a Global Network of Guarantee Institutions (GNGI) in order to improve credit access for SME worldwide.
The GNGI is a digitally-based Network. It operates without any fixed structure and without any formal obligation to its members apart from the ones set in the Revised Foundation Document. To ensure complementarity, GNGI implemented Continental Coordinators representing Multilateral Associations (AECM, MENA, REGAR….) This informal team is elected for 4 years. The Continental Coordinators are appointed by the majority of GNGI members.
The network serves as a platform for the exchange of information about the industry, in order to facilitate working together and making the guarantee business even more efficient. There is no mandatory fee to join. The network meets every year at one of its members’ annual events, such as ACSIC, AECM, REGAR or MENA, and Continental Coordinators are in charge of maintenance and representation.
GNGI’s mission is to help the Credit Guarantee Schemes that are members of the network to:
- promote the guarantee instruments worldwide
- facilitate the exchange of experiences
- share best practices among its members
