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Scaling-Up SME Access to Financial Services in the Developing World

Posted By Administration, Tuesday, August 25, 2015
Updated: Tuesday, June 16, 2015

This report focuses on the scaling up of SMEs. Small and Medium Enterprises (SMEs) play a major role in economic development, particularly in emerging countries. Studies indicate that formal SMEs contribute up to 45 percent of employment and up to 33 percent of GDP in developing economies; these numbers are significantly higher when taking into account the estimated contributions of SMEs operating in the informal sector. The informal sector presents one of the greatest challenges in the SME space, with issues that go well beyond finance. In the context of the international development agenda, and given the critical importance of job creation in the recovery cycle following the recent financial crisis, promoting SME development appears to be an impor- tant priority. 

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Tags:  access to finance  Economic Growth  Entrepreneurship  Global  impact investing  Sector publication  SME 

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