Affordable Capital for Small & Medium-Sized Enterprises (SMEs)
Transatlantic Innovations in Affordable Capital for Small- and Medium-Sized Enterprises: Prospects for Market-Based Development Finance
A joint report by the German Marshall Fund of the United States and the Milken Institute. Traditional state and donor-driven approaches to economic development in the SME sector have largely failed. Macroeconomic, institutional, and financial weaknesses prevail in many developing countries, hindering SME financial access and development.
However, new market-based approaches to supporting SMEs are being tested by U.S. and European as well as developing country innovators who recognize that a vibrant SME sector often accompanies economic, social, and political development. This report aims to invigorate a thoughtful debate on how to leverage SME potential in support of economic development, entrepreneurship, and poverty alleviation.
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