Best Practices in the Operation of Partial Credit Guarantee Schemes : Guide for Policy Makers

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 stronges...

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Main Authors: Goffe, Valeriya, Hammersley, James, Rustom, Elie
Format: Report
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
Online Access:http://documents.worldbank.org/curated/en/949311612953537597/Guide-for-Policy-Makers
http://hdl.handle.net/10986/35170
id okr-10986-35170
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spelling okr-10986-351702021-04-23T14:02:17Z Best Practices in the Operation of Partial Credit Guarantee Schemes : Guide for Policy Makers Goffe, Valeriya Hammersley, James Rustom, Elie CREDIT GUARANTEES PUBLIC FINANCE SME FINANCE DEBT SERVICE SMALL AND MEDIUM-SIZED ENTERPRISES PUBLIC GUARANTEE FINANCIAL INCLUSION 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. 2021-02-23T20:25:48Z 2021-02-23T20:25:48Z 2021-01 Report http://documents.worldbank.org/curated/en/949311612953537597/Guide-for-Policy-Makers http://hdl.handle.net/10986/35170 English Equitable Growth, Finance and Institutions Insight; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic CREDIT GUARANTEES
PUBLIC FINANCE
SME FINANCE
DEBT SERVICE
SMALL AND MEDIUM-SIZED ENTERPRISES
PUBLIC GUARANTEE
FINANCIAL INCLUSION
spellingShingle CREDIT GUARANTEES
PUBLIC FINANCE
SME FINANCE
DEBT SERVICE
SMALL AND MEDIUM-SIZED ENTERPRISES
PUBLIC GUARANTEE
FINANCIAL INCLUSION
Goffe, Valeriya
Hammersley, James
Rustom, Elie
Best Practices in the Operation of Partial Credit Guarantee Schemes : Guide for Policy Makers
relation Equitable Growth, Finance and Institutions Insight;
description 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.
format Report
author Goffe, Valeriya
Hammersley, James
Rustom, Elie
author_facet Goffe, Valeriya
Hammersley, James
Rustom, Elie
author_sort Goffe, Valeriya
title Best Practices in the Operation of Partial Credit Guarantee Schemes : Guide for Policy Makers
title_short Best Practices in the Operation of Partial Credit Guarantee Schemes : Guide for Policy Makers
title_full Best Practices in the Operation of Partial Credit Guarantee Schemes : Guide for Policy Makers
title_fullStr Best Practices in the Operation of Partial Credit Guarantee Schemes : Guide for Policy Makers
title_full_unstemmed Best Practices in the Operation of Partial Credit Guarantee Schemes : Guide for Policy Makers
title_sort best practices in the operation of partial credit guarantee schemes : guide for policy makers
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/en/949311612953537597/Guide-for-Policy-Makers
http://hdl.handle.net/10986/35170
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