Publication:
Unlocking SME Finance in Fragile and Conflict Affected Situations

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dc.contributor.authorCalice, Pietro
dc.date.accessioned2023-03-16T14:35:13Z
dc.date.available2023-03-16T14:35:13Z
dc.date.issued2023-03
dc.description.abstractAccess to finance is a key obstacle for the growth and development of small and medium-sized enterprises in fragile and conflict affected situations. This paper provides empirical evidence on the key macrofinancial and institutional drivers of financial inclusion of small and medium-sized enterprises in a large sample of countries, highlighting the comparative importance of factors affecting countries with and without fragile and conflict affected situations. The results show that macroeconomic and institutional stability, along with reduced informality, banking sector soundness, and improved credit information environment, are associated with higher financial inclusion of small and medium-sized enterprises. The results also show that strengthening the rule of law, government effectiveness, and control of corruption while increasing financial depth and reducing public sector borrowing and banking market concentration could help close the small and medium-sized enterprise financial inclusion gap between fragile and conflict affected situation countries and the best performing countries. These effects are generally stronger in middle-income countries with fragile and conflict affected situations than in low-income countries with fragile and conflict affected situations. The results point to the importance of adopting comprehensive macrofinancial and institutional strategies to improve financial inclusion of small and medium-sized enterprises in countries with fragile and conflict affected situations, tailoring reforms to country contexts.en
dc.identifierhttp://documents.worldbank.org/curated/en/099351103142316396/IDU021ba8d170d7d8041d808fae039c668326869
dc.identifier.doi10.1596/1813-9450-10363
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39548
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers; 10363
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.subjectFINANCE IN CONFLICTED AFFECTED STATES
dc.subjectSMALL AND MEDIUM SIZED ENTERPRISES (SME)
dc.subjectFINANCIAL INCLUSION
dc.subjectFINANCE IN CONFLICT AFFECTED STATES
dc.subjectFRAGILITY
dc.subjectBANKING REFORM
dc.titleUnlocking SME Finance in Fragile and Conflict Affected Situationsen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleUnlocking SME Finance in Fragile and Conflict Affected Situations
okr.date.disclosure2023-03-14
okr.date.lastmodified2023-03-14T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099351103142316396/IDU021ba8d170d7d8041d808fae039c668326869
okr.guid099351103142316396
okr.identifier.doi10.1596/1813-9450-10363
okr.identifier.externaldocumentum34021295
okr.identifier.internaldocumentum34021295
okr.identifier.reportWPS10363
okr.import.id145
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099351103142316396/pdf/IDU021ba8d170d7d8041d808fae039c668326869.pdfen
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicSocial Development::Social Inclusion & Institutions
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.unitEFI-ECA-FCI-Finance-1 (EECF1)
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