Expanding Access to Finance: Good Practices and Policies for Micro, Small, and Medium Enterprises
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9780821371770
ISBN:0821371770
Pub Date: 2007Publisher: World Bank Publications Summary: "There is growing and justified concern around the world regarding the importance of having formal financial institutions that reach the poor and of expanding them much more aggressively toward micro, small, and medium enterprises. The need exists for coordinated efforts between governments and financial institutions to reach and to open these vital markets. On the one hand, interest rate ceilings, directed public se [read more]
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9780821371770
ISBN:
0821371770
Pub Date: 2007
Publisher: World Bank Publications
"There is growing and justified concern around the world regarding the importance of having formal financial institutions that reach the poor and of expanding them much more aggressively toward micro, small, and medium enterprises. The need exists for coordinated efforts between governments and financial institutions to reach and to open these vital markets. On the one hand, interest rate ceilings, directed public sector credit and guarantees, overregulation, weak judicial and legal frameworks, poor information networks, and weakness in property rights protection are often important components of the problem. On the other hand, financial institutions need to change the way they approach small and medium enterprises with innovative financial instruments and with new credit analysis and risk management techniques. Book jacket.
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