Publication: Best Practices in the Operation of Partial Credit Guarantee Schemes: Guide for Policy Makers
Date
2021-01
ISSN
Published
2021-01
Author(s)
Goffe, Valeriya
Hammersley, James
Rustom, Elie
Abstract
Financial inclusion, particularly for
small and medium enterprises (SMEs), is widely recognized as
a key driver of economic growth and job creation in all
economies. SMEs represent a significant part of the world
economy and are one of the strongest drivers of economic
development, innovation, and employment, since most formal
jobs in emerging markets are SME jobs. Given that the global
economy needs to generate six hundred million new jobs by
2030, SME development has become a high priority for many
governments in both developing and developed economies.
Access to finance remains one of the key constraints to the
growth of SMEs. As part of the technical cooperation program
agreement with the Saudi government, the World Bank Group
(WBG) team has been working with the management and staff of
the Kafalah partial credit guarantee scheme (PCGS) to
provide technical assistance to strengthen Kafalah’s
operations, introduce products innovations, and integrate
global best practices. This policy note summarizes best
practices on various topics of interest to Kafalah that the
WBG provided during 2018-2020.
Citation
“Goffe, Valeriya; Hammersley, James; Rustom, Elie. 2021. Best Practices in the Operation of Partial Credit Guarantee Schemes : Guide for Policy Makers. Equitable Growth, Finance and Institutions Insight;. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/35170 License: CC BY 3.0 IGO.”