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ADB-OECD Study on Enhancing Financial Accessibility for SMEs: Lessons from Recent Crises
dc.description.abstractThis study examines lessons for small and medium-sized enterprises from the 2008-2009 global financial crisis and Europe’s sovereign debt troubles. Enhancing financial accessibility for small and medium-sized enterprises (SMEs) is a policy priority at the country and global level. Financial inclusion and financial deepening are key to the development of the SME sector, which is crucial in the quest of countries for sustainable growth, job creation and social cohesion. In the post-crisis environment, this will require increasing access to financial services and improving bank lending efficiency, as bank financing will continue to be crucial for the SME sector, as well as broadening the range of financing instruments available to SMEs to better serve their diversified financing needs along the business life cycle and to improve support to innovative and high growth firms.ADB and the Organisation for Economic Co-operation and Development (OECD) have long recognized the importance of SME finance and the need to support countries in strengthening their domestic financial systems and broadening the finance options available to SMEs. With this in mind, sharing Asian and OECD experiences on SME financing would result in insightful discussions on improving SME access to finance at a time of global financial uncertainty. Based on intensive discussions in two workshops organized by ADB in Manila on 6-7 March 2013 and by the OECD in Paris on 21 October 2013, the two organizations together compiled this study report on enhancing financial accessibility for SMEs, especially focusing on lessons from the past and recent crises in Asia and OECD countries.This report takes a comparative look at ADB and OECD experiences, and aims to identify promising policy solutions for creating an SME base that is resilient to crisis, from a viewpoint of access to finance, and which can help drive growth and development.
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.titleADB-OECD Study on Enhancing Financial Accessibility for SMEs: Lessons from Recent Crises
dc.subject.expertSmall Business Finance
dc.subject.expertFinancial Crisis
dc.subject.expertFinancial Resources
dc.subject.expertDebt Management
dc.subject.adbBusiness Financing
dc.subject.adbCapital Needs
dc.subject.adbDevelopment Banks
dc.subject.adbSustainable growth
dc.subject.naturalInternational banks and banking
dc.subject.naturalCredit allocation
dc.subject.naturalCooperative banks and banking
dc.contributor.imprintAsian Development Bank
oar.themeLabor Migration
oar.themeSmall Medium Business
oar.authorAsian Development Bank

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