ADFIAP Representing More Than 120 Development Banks & GCEL Launch Strategic Collaboration For SME Prosperity in the 21st Century

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					ADFIAP Representing More Than 120 Development Banks & GCEL Launch
Strategic Collaboration For SME Prosperity in the 21st Century

Witnessed by the world’s leading development finance institutions, GCEL
and the Association of Development Financing Institutions in Asia and the
Pacific announced a new strategic collaboration to enhance the capacity
of the world’s 500 million SMEs and spur their prosperity. Global experts
agree that SMEs, particularly in developing countries, represent a
crucial pillar of the new economic order, but lack the business tools
they need to be competitive, in terms of global market exposure and
access to finance.

Troy, MI, May 17, 2011 -- Witnessed by the world’s leading development
finance institutions, the Global Coalition for Efficient Logistics (GCEL)
and the Association of Development Financing Institutions in Asia and the
Pacific (ADFIAP) announced a new strategic collaboration to enhance the
capacity of the world’s 500 million Small and Medium Sized Enterprises
(SMEs) and spur their prosperity. Global experts agree that SMEs,
particularly in developing countries, represent a crucial pillar of the
new economic order, but lack the business tools they need to be
competitive, in terms of global market exposure and access to finance.
The new strategic collaboration, which was announced at a special session
at the ADFIAP’s annual meeting, will provide SMEs with unprecedented
business tools—at no cost to them—as part of GCEL’s global HumaWealth
Program.

The new collaboration was formalized with the signing of the AFDIAP-GCEL
Communique by GCEL’s Co-Chairman, Captain Samuel Salloum, and ADFIAP’s
Chairman and Chairman and CEO of the Development Finance Corporation of
Ceylon, Mr. Nihal Fonseka. In signing the Communique, Captain Salloum and
Mr. Fonseka agreed this is the right time to help SMEs harness the power
of innovation to thrive in the global economy. GCEL’s HumaWealth Program,
an 18-month global initiative, lies at the heart of the new strategic
collaboration. This Program deploys Soft Infrastructure around the world
to deliver a 21st century digital trade platform providing SMEs with
tools to trim operating costs, master intelligent e-commerce, plug into
global supply chains, and above all else obtain the financing they need.
HumaWealth will create a powerful new Financial Dashboard that lowers
credit risk and makes SMEs more bankable by giving lenders financial
information that is verified, real-time, and complete.

The Communique also proposes the creation of an innovative SME Fund to
bridge the huge gap between the financing that SMEs need today and what
is currently available. This Fund will be part of GCEL’s global R&D
Program, and ADFIAP has been invited to be the first chair of the SME
Subcommittee that provides strategic direction to the SME Fund.

This Communique plays a vital role in GCEL’s goal of economic
development, through reaching out to SMEs around the world and
specifically in the low-income countries. Along with Asia and the
Pacific, the Euro-Med region will greatly benefit from the Humawealth
Program that is expected to have positive and concrete impacts on all
regions, namely the Middle East represented by the Arab World, in the
midst of unprecedented and drastic changes on the political levels.
The signing was the culmination of a special ADFIAP-GCEL session on SME
Prosperity. The focal point of the session was the global release of a
new joint publication, The Tools and Roadmap for SME Prosperity in the
21st Century. This extraordinary session concluded with a Q&A session to
discuss the new strategic collaboration and its impact on SMEs, as well
as the role expected from development financial institutions.

Mr. Fonseka stressed that the HumaWealth Program provides tools that were
previously beyond the reach of SMEs. “The SMEs we work with face enormous
challenges being competitive and putting their products in the most
promising global markets. The Humawealth SME tools give exactly the
visibility, reliability, and totality we need to fund promising SMEs.”

One of the central questions from development banks was how HumaWealth
can provide the new SME tools at no cost to the users. Capt. Salloum
pointed out that this is due to an innovative global business model. The
core technology that powers the digital trade platform, the Global
Logistics System, will be delivered by a trusted network of 28 world-
class finance, insurance, and technology companies. “These firms have an
unprecedented opportunity to market ancillary services on this electronic
commercial platform. Ten cents of each dollar of their new revenues will
be shared to maintain a world-class core system and make it available to
all business users at no cost.”

Mr. Octavia “Bobby” Peralta, the Secretary General of ADFIAP, sees
significant potential in the new strategic collaboration between ADFIAP
and GCEL. “The tools that HumaWealth provides will make it easier for
ADFIAP’s member-institutions to get the job done in financing them.”
Earlier in the session, Dr. Mark Drabenstott, GCEL’s Secretary General,
presented the key findings of the new joint publication. He noted that
legions of new programs around the world are targeting SMEs today.

The HumaWealth Program will tackle these core problems by providing the
tools and road map to deliver a digital trade platform that spans the
globe and enables the seamless flow of all information associated with
trade. This pipeline represents the biggest agglomeration of information
on global commerce in the world’s history. It is extraordinarily robust
in terms of scale and reach, and has another attribute that makes it even
more valuable—it is available in real time.

The ADFIAP-GCEL signing follows several other strategic partnerships that
are accelerating the deployment of the HumaWealth Program. In March, GCEL
signed an MOU with the League of Arab States as a strategic partner to
deploy HumaWealth in the MEA region where it is expected that the
program’s impact will trigger the creation of millions in new jobs
throughout the region.

GCEL also held a special ceremony in Kuala Lumpur on March 30 that marked
the official launch of the Asia Benchmark Trade Lane, an event attended
by high-level officials from India, Indonesia, and Malaysia. This project
will commence in coming months and will mark the first commercial use of
GCEL’s powerful Global Logistics System. Following this series of
important events, GCEL is in due process of preparation for signing an
MOU with the Organization of American States (OAS), to even widen the
reach of GCEL’s multi-pillared global program.

About ADFIAP

ADFIAP is the focal point of all development banks and other financial
institutions engaged in the financing of development in the Asia-Pacific
region. Its mission is to advance sustainable development through its
members. Founded in 1976, ADFIAP has currently 127 member-institutions in
44 countries and territories. ADFIAP is a founding member and the
Secretariat of the World Federation of Development Financing Institutions
composed of regional associations in Africa, Asia-Pacific, Latin America
and the Middle East. ADFIAP is an NGO in consultative status with the
United Nations’ Economic and Social Council. The permanent Secretariat of
ADFIAP is based in Makati City, Metro Manila, Philippines. More
information on ADFIAP can be found at www.adfiap.org

About GCEL

The Global Coalition for Efficient Logistics (GCEL) is a nonprofit
public/private partnership based in Switzerland that brings together
governments and the private sector to deliver a tangible program
achieving sustainable global economic growth. GCEL’s members and
supporters include governments and NGO’s from the Americas, Asia, Europe
and Middle East/Africa and also private sector members including finance,
technology and insurance firms with a workforce of 2.7 million operating
in 130 countries and serving 60% of the world’s GDP.

GCEL’s HumaWealth Program consists of Soft-Infrastructure with three key
elements: an open-source information technology platform, a global
deployment network of the world’s leading finance, insurance and
technology firms, and a rapid global deployment program over 18 months
including 4 regional benchmark trade lanes, providing the tools free of
cost to the end users. More information on GCEL can be found at
www.gcel.net

Contact:
Greg Bird
GCEL
Suite 308
Troy, MI 48084
+12023150549
pr@gcel.net
http://www.gcel.net

				
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Description: Witnessed by the world’s leading development finance institutions, GCEL and the Association of Development Financing Institutions in Asia and the Pacific announced a new strategic collaboration to enhance the capacity of the world’s 500 million SMEs and spur their prosperity. Global experts agree that SMEs, particularly in developing countries, represent a crucial pillar of the new economic order, but lack the business tools they need to be competitive, in terms of global market exposure and access to finance.