Global Partnership for Financial InclusionInternational Finance Corporation2015-04-132015-04-132013-08https://hdl.handle.net/10986/21727This 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.en-USCC BY-NC-ND 3.0 IGOACCESS TO ACCOUNTSACCESS TO CREDITACCESS TO EDUCATIONACCESS TO FINANCEACCESS TO FINANCIAL SERVICESACCESS TO FORMAL FINANCEACCOUNTS RECEIVABLEADVISORY SERVICESAGRICULTURAL BANKAGRICULTURAL FINANCEALTERNATIVE CREDITALTERNATIVE FINANCINGALTERNATIVE SOURCES OF FINANCINGANGEL INVESTORANGEL INVESTORSANTI-MONEY LAUNDERINGASYMMETRIC INFORMATIONBALANCE SHEETBANK ACCOUNTBANK ACCOUNTSBANK LENDINGBANKERS ASSOCIATIONBANKING SERVICESBANKING SYSTEMBANKSBARRIERS IN ACCESSBARRIERS TO GROWTHBARRIERS TO WOMENBORROWERBORROWINGBUSINESS DEVELOPMENTBUSINESS DEVELOPMENT BANKBUSINESS TRANSACTIONSCAPACITY BUILDINGCAPITAL FINANCECAPITAL INJECTIONSCAPITAL MARKETCAPITAL MARKETSCAPITAL REQUIREMENTSCASH FLOWCASH FLOWSCENTRAL BANKCENTRAL BANKSCHECKING ACCOUNTCOLLATERALCOMMERCIAL BANKCOMMERCIAL BANKSCORRUPTIONCREDIT BUREAUSCREDIT CEILINGCREDIT GAPCREDIT GUARANTEECREDIT GUARANTEESCREDIT INFORMATIONCREDIT INFORMATION SYSTEMSCREDIT MARKETSCREDIT PRODUCTSCREDIT RISKCREDIT UNDERWRITINGCREDITORCREDITWORTHINESSCUSTOMER SERVICEDEBTDEBT FINANCEDEBT FINANCINGDEPOSITDEPOSIT ACCOUNTDEPOSIT ACCOUNTSDEVELOPMENT BANKDEVELOPMENT FINANCEDEVELOPMENT FINANCE INSTITUTIONSDISCRIMINATIONDISCRIMINATION AGAINST WOMENDOCUMENTATION REQUIREMENTSEARNINGSECONOMIC COOPERATIONECONOMIC GROWTHECONOMIC POLICYEDUCATED WOMENELECTRONIC FORMELECTRONIC PAYMENTSEMERGING ECONOMIESEMERGING MARKETEMERGING MARKET COUNTRIESEMERGING MARKETSENTREPRENEURIAL FINANCEENTREPRENEURSHIP FINANCINGEQUIPMENTEQUITY FINANCINGEQUITY FUNDEQUITY FUNDSEXCHANGE RATEEXTERNAL FINANCEEXTERNAL FINANCINGFARMERSFEDERAL RESERVEFINANCE INITIATIVEFINANCIAL ACCESSFINANCIAL CRISESFINANCIAL CRISISFINANCIAL DEVELOPMENTFINANCIAL EDUCATIONFINANCIAL FLOWSFINANCIAL INFRASTRUCTUREFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL MARKETSFINANCIAL PRODUCTSFINANCIAL SECTOR DEVELOPMENTFINANCIAL SUPPORTFINANCING NEEDSFIXED ASSETSFORMAL FINANCIAL INSTITUTIONSFORMAL FINANCIAL SERVICESGENDERGENDER GAPGENDER GAPSGLOBAL ECONOMYGOVERNMENT BONDSGOVERNMENT INTERVENTIONSGOVERNMENT POLICIESGROWTH OPPORTUNITIESGUARANTEE FUNDSGUARANTEE SCHEMESGUARANTEES FOR LOANSGUARANTORHOUSEHOLDSIMMOVABLE ASSETSINFORMATION SERVICESINFORMATION SHARINGINTEREST RATEINTEREST RATE CEILINGSINTEREST RATESINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCEINTERNATIONAL FINANCIAL INSTITUTIONSINVENTORYINVESTMENT BANKJOB CREATIONKEY CHALLENGELABOR MARKETLENDERSLIABILITYLINES OF CREDITLIQUIDITYLOANLOAN APPLICANTSLOCAL CURRENCYMARKET SEGMENTATIONMATURITYMERCHANTMICROCREDITMICROENTERPRISESMICROFINANCEMICROFINANCE INSTITUTIONSMORTGAGESMOVABLE ASSETSMOVABLE COLLATERALNET WORTHNETWORKING OPPORTUNITIESNEW BUSINESSOUTREACHOUTSTANDING LOANSOVERDRAFTOVERDRAFT FACILITIESPARTIAL CREDITPAYMENTS SERVICESPORTFOLIOPRIVATE CREDITPRIVATE EQUITYPROFITABILITYPROMOTION EFFORTPROPERTY RIGHTSPUBLIC-PRIVATE PARTNERSHIPPUBLIC-PRIVATE PARTNERSHIPSREGULATORY BARRIERSREPAYMENTSRISK MANAGEMENTRISK MITIGATIONRISKY BORROWERSSAVINGSSECURITIESSMALL BANKSSMALL BUSINESSSMALL BUSINESS FINANCESMALL BUSINESS INVESTMENTSMALL BUSINESS LENDINGSMALL FARMERSMALL FARMERSSMALLHOLDERSMALLHOLDER FARMERSSOCIAL VENTURE CAPITALSOLVENCYSPECIAL FINANCINGSTART-UPSUPPLY CHAINSUPPLY CHAINSTAXTAX RATESTECHNICAL ASSISTANCETERM CREDITTRADE CREDITTRADE FINANCETRANSACTIONTRANSACTION COSTSTREASURYUNIONWAREHOUSESWOMANWOMAN ENTREPRENEURWOMEN BORROWERSWOMEN BUSINESS OWNERSWOMEN ENTREPRENEURSWOMEN OWNERSWORKING CAPITALWorking PaperInternational Finance Corporation10.1596/21727