Small and Medium Enterprise Finance : New Findings, Trends and G-20/Global Partnership for Financial Inclusion Progress

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...

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Bibliographic Details
Main Authors:	Global Partnership for Financial Inclusion, International Finance Corporation
Format:	Working Paper
Language:	English en_US
Published:	International Finance Corporation, Washington, DC 2015
Subjects:	ACCESS TO ACCOUNTS ACCESS TO CREDIT ACCESS TO EDUCATION ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FORMAL FINANCE ACCOUNTS RECEIVABLE ADVISORY SERVICES AGRICULTURAL BANK AGRICULTURAL FINANCE ALTERNATIVE CREDIT ALTERNATIVE FINANCING ALTERNATIVE SOURCES OF FINANCING ANGEL INVESTOR ANGEL INVESTORS ANTI-MONEY LAUNDERING ASYMMETRIC INFORMATION BALANCE SHEET BANK ACCOUNT BANK ACCOUNTS BANK LENDING BANKERS ASSOCIATION BANKING SERVICES BANKING SYSTEM BANKS BARRIERS IN ACCESS BARRIERS TO GROWTH BARRIERS TO WOMEN BORROWER BORROWING BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT BANK BUSINESS TRANSACTIONS CAPACITY BUILDING CAPITAL FINANCE CAPITAL INJECTIONS CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CASH FLOW CASH FLOWS CENTRAL BANK CENTRAL BANKS CHECKING ACCOUNT COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS CORRUPTION CREDIT BUREAUS CREDIT CEILING CREDIT GAP CREDIT GUARANTEE CREDIT GUARANTEES CREDIT INFORMATION CREDIT INFORMATION SYSTEMS CREDIT MARKETS CREDIT PRODUCTS CREDIT RISK CREDIT UNDERWRITING CREDITOR CREDITWORTHINESS CUSTOMER SERVICE DEBT DEBT FINANCE DEBT FINANCING DEPOSIT DEPOSIT ACCOUNT DEPOSIT ACCOUNTS DEVELOPMENT BANK DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTIONS DISCRIMINATION DISCRIMINATION AGAINST WOMEN DOCUMENTATION REQUIREMENTS EARNINGS ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC POLICY EDUCATED WOMEN ELECTRONIC FORM ELECTRONIC PAYMENTS EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS ENTREPRENEURIAL FINANCE ENTREPRENEURSHIP FINANCING EQUIPMENT EQUITY FINANCING EQUITY FUND EQUITY FUNDS EXCHANGE RATE EXTERNAL FINANCE EXTERNAL FINANCING FARMERS FEDERAL RESERVE FINANCE INITIATIVE FINANCIAL ACCESS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL EDUCATION FINANCIAL FLOWS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR DEVELOPMENT FINANCIAL SUPPORT FINANCING NEEDS FIXED ASSETS FORMAL FINANCIAL INSTITUTIONS FORMAL FINANCIAL SERVICES GENDER GENDER GAP GENDER GAPS GLOBAL ECONOMY GOVERNMENT BONDS GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES GROWTH OPPORTUNITIES GUARANTEE FUNDS GUARANTEE SCHEMES GUARANTEES FOR LOANS GUARANTOR HOUSEHOLDS IMMOVABLE ASSETS INFORMATION SERVICES INFORMATION SHARING INTEREST RATE INTEREST RATE CEILINGS INTEREST RATES INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INVENTORY INVESTMENT BANK JOB CREATION KEY CHALLENGE LABOR MARKET LENDERS LIABILITY LINES OF CREDIT LIQUIDITY LOAN LOAN APPLICANTS LOCAL CURRENCY MARKET SEGMENTATION MATURITY MERCHANT MICROCREDIT MICROENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS MORTGAGES MOVABLE ASSETS MOVABLE COLLATERAL NET WORTH NETWORKING OPPORTUNITIES NEW BUSINESS OUTREACH OUTSTANDING LOANS OVERDRAFT OVERDRAFT FACILITIES PARTIAL CREDIT PAYMENTS SERVICES PORTFOLIO PRIVATE CREDIT PRIVATE EQUITY PROFITABILITY PROMOTION EFFORT PROPERTY RIGHTS PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS REGULATORY BARRIERS REPAYMENTS RISK MANAGEMENT RISK MITIGATION RISKY BORROWERS SAVINGS SECURITIES SMALL BANKS SMALL BUSINESS SMALL BUSINESS FINANCE SMALL BUSINESS INVESTMENT SMALL BUSINESS LENDING SMALL FARMER SMALL FARMERS SMALLHOLDER SMALLHOLDER FARMERS SOCIAL VENTURE CAPITAL SOLVENCY SPECIAL FINANCING START-UP SUPPLY CHAIN SUPPLY CHAINS TAX TAX RATES TECHNICAL ASSISTANCE TERM CREDIT TRADE CREDIT TRADE FINANCE TRANSACTION TRANSACTION COSTS TREASURY UNION WAREHOUSES WOMAN WOMAN ENTREPRENEUR WOMEN BORROWERS WOMEN BUSINESS OWNERS WOMEN ENTREPRENEURS WOMEN OWNERS WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2013/01/24163061/small-medium-enterprise-finance-new-findings-trends-g-20global-partnership-financial-inclusion-progress http://hdl.handle.net/10986/21727

Description
Summary:	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.

Small and Medium Enterprise Finance : New Findings, Trends and G-20/Global Partnership for Financial Inclusion Progress

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