Project Overview

A2F Consulting supported the Ministry of Finance, Trade, and Investment (Turks and Caicos Islands) in assessing the feasibility of establishing a Partial Credit Guarantee Fund (PCGF) to improve MSME access to finance. The project aimed to design sustainable financial mechanisms to support enterprise development and economic recovery following the COVID-19 pandemic.

Work Developed

• Conducted comprehensive assessment of the MSME sector, including constraints, financing gaps, and enabling environment
• Analyzed the financial sector landscape, including key institutions, financing trends, and market dynamics
• Developed evidence-based recommendations, including financial models and design options for the PCGF
• Proposed alternative interventions, including the establishment of a second-tier development bank
• Designed implementation mechanisms, including governance structures, risk management frameworks, and M&E systems

The assignment was delivered over 6 months and implemented in three phases, combining market analysis, financial sector diagnostics, and institutional design. A2F provided a comprehensive roadmap for establishing a credit guarantee mechanism to expand MSME financing and support sustainable economic development in the Turks and Caicos Islands.