Publication:
Capital Markets and SMEs in Emerging Markets and Developing Economies: Can They Go the Distance?

dc.contributor.authorWorld Bank Group
dc.date.accessioned2020-02-25T18:04:18Z
dc.date.available2020-02-25T18:04:18Z
dc.date.issued2020
dc.description.abstractSmall and medium enterprises (SMEs) face significant financing gaps that stifle innovation and economic growth. The credit gap alone is estimated at dollar 4.5 trillion as of 2017 for emerging markets and developing economies (EMDEs) only. Bank financing has been the traditional source of external financing to SMEs; however, since the global financial crisis that started in 2007, there has been an active debate about the role that capital markets can play in SME financing. This report seeks to enhance practitioners’ understanding of the potential role that capital markets can have in SME financing in EMDEs. the report reviews global experiences in the use of capital markets solutions and, more generally, in market-based solutions to expand SME financing with a view to identifying key preconditions and challenges for EMDEs implementing the solutions. The report looks at both indirect and direct mechanisms for SME financing, such as capital markets solutions, lending conditions, instruments such as SME loan securitization and others, as well as both debt and equity financing solutions.en
dc.identifierhttp://documents.worldbank.org/curated/en/270221582271669731/Capital-Markets-and-SMEs-in-Emerging-Markets-and-Developing-Economies-Can-They-Go-the-Distance
dc.identifier.doi10.1596/33373
dc.identifier.urihttps://hdl.handle.net/10986/33373
dc.languageEnglish
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.subjectEMERGING MARKET ECONOMIES
dc.subjectCAPITAL MARKETS
dc.subjectSME FINANCE
dc.subjectSMALL AND MEDIUM ENTERPRISES
dc.titleCapital Markets and SMEs in Emerging Markets and Developing Economiesen
dc.title.subtitleCan They Go the Distance?en
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleCapital Markets and SMEs in Emerging Markets and Developing Economies
okr.date.disclosure2020-02-21
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.docurlhttp://documents.worldbank.org/curated/en/270221582271669731/Capital-Markets-and-SMEs-in-Emerging-Markets-and-Developing-Economies-Can-They-Go-the-Distance
okr.guid270221582271669731
okr.identifier.doi10.1596/33373
okr.identifier.externaldocumentum090224b08763e4d5_2_0
okr.identifier.internaldocumentum31801889
okr.identifier.report146322
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/270221582271669731/pdf/Capital-Markets-and-SMEs-in-Emerging-Markets-and-Developing-Economies-Can-They-Go-the-Distance.pdfen
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicFinance and Financial Sector Development::International Financial Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.unitEFI-FCI-Long-Term Finance (EFNLT)
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