Publication:
Principles for Public Credit Guarantee Schemes for SMEs

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2015-12-14T18:55:48Z
dc.date.available2015-12-14T18:55:48Z
dc.date.issued2015-12
dc.description.abstractAccess to finance, particularly credit, is widely recognized as problematic for small and medium enterprises (SMEs), hampering their growth and development. To address this challenge, many governments around the world intervene in SME credit markets through credit guarantee schemes (CGSs). A CGS offers risk mitigation to lenders by taking a share of the lenders’ losses on SME loans in case of default. CGSs can contribute to expand access to finance for SMEs. Yet they may bring limited value added and prove costly if they are not designed and implemented well. There have been efforts in recent years to identify good practices for CGSs, but the international community still lacks a common set of principles or standards that can help governments establish, operate, and evaluate CGSs for SMEs. The Principles for Public Credit Guarantees for SMEs are filling this gap. The Principles provide a generally accepted set of good practices, which can serve as a global reference for the design, execution, and evaluation of public CGSs around the world. The Principles propose appropriate governance and risk management arrangements, as well as operational conduct rules for CGSs, which can lead to improved outreach and additionality along with financial sustainability. Developed through extensive consultations with stakeholders, the Principles draw from both the literature on good practices for CGSs and sound practices implemented by a number of successful CGSs around the world.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/12/25665897/task-force-design-implementation-evaluation-public-credit-guarantee-schemes-small-medium-enterprises-principles-public-credit-guarantee-schemes-smes
dc.identifier.doi10.1596/23329
dc.identifier.urihttps://hdl.handle.net/10986/23329
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectBUSINESS ACTIVITIES
dc.subjectLINE OF CREDIT
dc.subjectCREDIT MARKETS
dc.subjectDEPOSIT
dc.subjectFINANCIAL SERVICES
dc.subjectBORROWER
dc.subjectECONOMIC GROWTH
dc.subjectENTERPRISE DEVELOPMENT
dc.subjectPEOPLE
dc.subjectPROPERTY LAWS
dc.subjectFINANCING
dc.subjectMARKET DEVELOPMENTS
dc.subjectBALANCE-SHEET
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINTEREST
dc.subjectRISK-BASED PRICING
dc.subjectGUARANTEES
dc.subjectCREDIT CRUNCH
dc.subjectFINANCIAL RESOURCES
dc.subjectETHNIC GROUPS
dc.subjectSMALL BUSINESS FINANCE
dc.subjectBANKING SYSTEMS
dc.subjectCAPITAL STRUCTURE
dc.subjectLIQUIDITY RISK
dc.subjectWELFARE
dc.subjectCAPITAL ADEQUACY
dc.subjectENDOWMENTS
dc.subjectENTREPRENEURSHIP FINANCING
dc.subjectFINANCIAL DIFFICULTY
dc.subjectLOAN
dc.subjectCREDIT ALLOCATION
dc.subjectLOAN AMOUNT
dc.subjectFEE
dc.subjectBORROWERS
dc.subjectSUBSIDY
dc.subjectPRIVATE PROPERTY
dc.subjectPAYMENTS
dc.subjectBANKRUPTCY
dc.subjectDEVELOPMENT FINANCE INSTITUTIONS
dc.subjectINFORMATION SYSTEMS
dc.subjectINTERNATIONAL BANK
dc.subjectCREDITOR
dc.subjectCOST OF CREDIT
dc.subjectDEVELOPMENT FINANCE INSTITUTION
dc.subjectINFORMATION ASYMMETRIES
dc.subjectPROVISION OF CREDIT
dc.subjectLENDER
dc.subjectAGRICULTURE ORGANIZATION
dc.subjectCAPITAL FINANCE
dc.subjectFUNDING SOURCES
dc.subjectPUBLIC CREDIT
dc.subjectACCESS TO FINANCIAL SERVICES
dc.subjectSMALL BUSINESS
dc.subjectINTERNATIONAL FINANCE
dc.subjectFINANCIAL SECTOR REFORM
dc.subjectPUBLIC POLICY
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectTECHNICAL ASSISTANCE
dc.subjectMORAL HAZARD
dc.subjectPARTIAL CREDIT
dc.subjectUNION
dc.subjectBANKERS’ ASSOCIATIONS
dc.subjectCONFIDENCE OF LENDERS
dc.subjectMAILING ADDRESS
dc.subjectPAYMENT
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectDEBT
dc.subjectFISCAL RESOURCES
dc.subjectCAPITAL REQUIREMENTS
dc.subjectELIGIBILITY CRITERIA
dc.subjectDEPOSIT INSURANCE
dc.subjectLENDERS
dc.subjectBANKERS
dc.subjectLOANS
dc.subjectENTERPRISES
dc.subjectFINANCIAL SYSTEM
dc.subjectBANK FINANCING
dc.subjectFINANCE
dc.subjectTERM CREDIT
dc.subjectEQUITABLE TREATMENT
dc.subjectBANKS
dc.subjectSMALL LOANS
dc.subjectINSTITUTIONAL REFORMS
dc.subjectCOLLATERAL REQUIREMENTS
dc.subjectEQUITY
dc.subjectCREDIT GAP
dc.subjectLOAN GUARANTEE
dc.subjectCREDIT REGISTRIES
dc.subjectBUSINESS FINANCE
dc.subjectCAPITAL
dc.subjectOPERATING COSTS
dc.subjectSMALL ENTERPRISES
dc.subjectFINANCIAL OBLIGATIONS
dc.subjectCREDIT ACCESS
dc.subjectACCESS TO FINANCE
dc.subjectBUSINESS DEVELOPMENT
dc.subjectSUPPLY OF CREDIT
dc.subjectDEVELOPMENT BANKS
dc.subjectBANK
dc.subjectCREDIT
dc.subjectLEGAL AUTHORITY
dc.subjectINVESTMENT BANK
dc.subjectLOAN GUARANTEES
dc.subjectWORKING CAPITAL
dc.subjectREPAYMENT
dc.subjectENTERPRISE
dc.subjectPROPERTY
dc.subjectJOB CREATION
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectBALANCE SHEET
dc.subjectTRANSACTION COSTS
dc.subjectCREDIT GUARANTEE
dc.subjectGUARANTEE SCHEMES
dc.subjectCREDIT FLOWS
dc.subjectCC
dc.subjectPROFITABILITY
dc.subjectINSTITUTIONAL REFORM
dc.subjectCREDIT RISK
dc.subjectACCESS TO CREDIT
dc.subjectECONOMIC DEVELOPMENT
dc.subjectINTERESTS
dc.subjectFINANCIAL SECTOR ASSESSMENT
dc.subjectFINANCIAL ” POLICY
dc.subjectECONOMIES OF SCALE
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectLOAN APPLICATIONS
dc.subjectINVESTMENT
dc.subjectCREDIT GUARANTEES
dc.subjectEXTREME POVERTY
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectBUSINESS VOLUMES
dc.subjectCOLLATERAL
dc.subjectLOAN SIZE
dc.subjectFINANCIAL REGULATOR
dc.subjectDEVELOPMENT FINANCE
dc.subjectLEGAL REQUIREMENTS
dc.subjectINVESTMENTS
dc.subjectBORROWING
dc.subjectFINANCIAL SUPPORT
dc.subjectRISK MANAGEMENT
dc.subjectBANKING SUPERVISION
dc.subjectFEES
dc.subjectWOMEN
dc.subjectOUTREACH
dc.subjectFISCAL SUPPORT
dc.subjectSMALL BUSINESSES
dc.subjectGUARANTEE
dc.subjectCONSUMER PROTECTION
dc.subjectCASH FLOW
dc.subjectDEVELOPMENT BANK
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectSMALL BUSINESS ADMINISTRATION
dc.subjectRISK MITIGATION
dc.subjectSTART-UPS
dc.subjectGOVERNMENT INTERVENTION
dc.subjectEMPLOYEES
dc.titlePrinciples for Public Credit Guarantee Schemes for SMEsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2015-12-10
okr.date.doiregistration2025-05-05T12:09:34.176133Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2015/12/25665897/task-force-design-implementation-evaluation-public-credit-guarantee-schemes-small-medium-enterprises-principles-public-credit-guarantee-schemes-smes
okr.guid971751468184456072
okr.guid205521468184456686
okr.guid222081467988899400
okr.guid576961468197998372
okr.identifier.externaldocumentum090224b084201eea_2_0
okr.identifier.internaldocumentum25665897
okr.identifier.report101769
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/12/10/090224b083c4905d/1_0/Rendered/PDF/Task0force0for0tee0schemes0for0SMEs.pdfen
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Financial Crisis Management & Restructuring
okr.unitFIRST Initiative
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