What's Happening in the Missing Middle? : Lessons from Financing SMEs
Small and medium enterprises (SMEs) are the economic backbone of virtually every economy in the world. SMEs represent more than 95 percent of registered firms worldwide, account for more than 50 percent of jobs, and contribute more than 35 percent...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/707491490878394680/Whats-happening-in-the-missing-middle-Lessons-from-financing-SMEs http://hdl.handle.net/10986/26324 |
| Summary: | Small and medium enterprises (SMEs) are
the economic backbone of virtually every economy in the
world. SMEs represent more than 95 percent of registered
firms worldwide, account for more than 50 percent of jobs,
and contribute more than 35 percent of Gross Domestic
Product (GDP) in many emerging markets. Yet despite their
vital role in almost every economy in the world, these
enterprises remain significantly underserved by financial
institutions. In an effort to bridge this financing gap, the
World Bank Group works across a number of its Global
Practices – and in conjunction with the International
Finance Corporation’s Financial Institutions Group (FIG) and
Cross-Cutting Advisory Services – to provide support to SMEs
Bringing together the diverse expertise and perspectives of
staff working across the institution, this compendium of
lessons illuminates the World Bank Group`s experience with
SMEs, exploring its policies and frameworks to support SMEs,
analyzing innovations in the SME finance realm, and
describing some country specific examples. These lessons
will provide SME practitioners with practical guidance for
their work with the SME sector, and will also inform and
educate policymakers about interventions and approaches that
they can consider. |
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