Publication: Small and Medium Enterprise Finance: New Findings, Trends and G-20/Global Partnership for Financial Inclusion Progress
Date
2013-08
ISSN
Published
2013-08
Author(s)
Global Partnership for Financial Inclusion
International Finance Corporation
Abstract
This update considers new findings since
the initial Stocktaking report, substantiating the
contribution of the private sector, and of small and medium
enterprises (SMEs) in particular, for new jobs and
investment. These findings further illustrate the key role
access to finance plays in SMEs abilities and willingness
to add jobs including the special circumstances of
fast-growing SMEs, or gazelles. The new findings further
detail availability and gaps in SME financing, including for
specific subsectors such as women-owned firms and
agri-enterprises. New trends include progress made in recent
years to improve financial markets infrastructure, and
expanded lending in countries such as China, which have made
progress in this area. The findings also include key private
sector innovations pioneered by the SME Finance Challenge
winners and other private sector institutions, focusing on
key sector opportunities (such as agribusiness and energy),
product innovation (such as expanded local currency
options), and risk management alternatives. The new findings
and trends highlight the potential of collaborative
platforms that have emerged from the G-20/GPFI (Global
Partnership for Financial Inclusion) process to combine
resources to improve SME access to finance, and some of the
major outstanding issues and obstacles these platforms might
address. The conclusion provides recommendations for
priority issues and work areas for G-20/GPFI attention.
Citation
“Global Partnership for Financial Inclusion; International Finance Corporation. 2013. Small and Medium Enterprise Finance : New Findings, Trends and G-20/Global Partnership for Financial Inclusion Progress. © International Finance Corporation, Washington, DC. http://openknowledge.worldbank.org/handle/10986/21727 License: CC BY-NC-ND 3.0 IGO.”