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SME Finance Policy Report

SME Finance Policy Report

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Refining the recommendations made in the 2010 stocktaking report, we developed a comprehensive SME Finance Policy Guide intended as a reference point for governments and regulators to underpin the development of Financial Inclusion Strategies and SME Finance Action Plans. The guide aims at covering all the focal areas of the Sub-group (women-owned SMEs, SMEs in the agricultural sector, SMEs in LDCs); fed by a wide consultation process, it set out models and presented good practice for policy and legal reforms, financial infrastructure, and public interventions, thereby providing a roadmap for planning, assessing and implementing policy and legal measures to support SME access to finance and laying the groundwork for future country level engagement.




Refining the recommendations made in the 2010 stocktaking report, we developed a comprehensive SME Finance Policy Guide intended as a reference point for governments and regulators to underpin the development of Financial Inclusion Strategies and SME Finance Action Plans. The guide aims at covering all the focal areas of the Sub-group (women-owned SMEs, SMEs in the agricultural sector, SMEs in LDCs); fed by a wide consultation process, it set out models and presented good practice for policy and legal reforms, financial infrastructure, and public interventions, thereby providing a roadmap for planning, assessing and implementing policy and legal measures to support SME access to finance and laying the groundwork for future country level engagement.


Refining the recommendations made in the 2010 stocktaking report, we developed a comprehensive SME Finance Policy Guide intended as a reference point for governments and regulators to underpin the development of Financial Inclusion Strategies and SME Finance Action Plans. The guide aims at covering all the focal areas of the Sub-group (women-owned SMEs, SMEs in the agricultural sector, SMEs in LDCs); fed by a wide consultation process, it set out models and presented good practice for policy and legal reforms, financial infrastructure, and public interventions, thereby providing a roadmap for planning, assessing and implementing policy and legal measures to support SME access to finance and laying the groundwork for future country level engagement.



Refining the recommendations made in the 2010 stocktaking report, we developed a comprehensive SME Finance Policy Guide intended as a reference point for governments and regulators to underpin the development of Financial Inclusion Strategies and SME Finance Action Plans. The guide aims at covering all the focal areas of the Sub-group (women-owned SMEs, SMEs in the agricultural sector, SMEs in LDCs); fed by a wide consultation process, it set out models and presented good practice for policy and legal reforms, financial infrastructure, and public interventions, thereby providing a roadmap for planning, assessing and implementing policy and legal measures to support SME access to finance and laying the groundwork for future country level engagement.




Refining the recommendations made in the 2010 stocktaking report, we developed a comprehensive SME Finance Policy Guide intended as a reference point for governments and regulators to underpin the development of Financial Inclusion Strategies and SME Finance Action Plans. The guide aims at covering all the focal areas of the Sub-group (women-owned SMEs, SMEs in the agricultural sector, SMEs in LDCs); fed by a wide consultation process, it set out models and presented good practice for policy and legal reforms, financial infrastructure, and public interventions, thereby providing a roadmap for planning, assessing and implementing policy and legal measures to support SME access to finance and laying the groundwork for future country level engagement.


Refining the recommendations made in the 2010 stocktaking report, we developed a comprehensive SME Finance Policy Guide intended as a reference point for governments and regulators to underpin the development of Financial Inclusion Strategies and SME Finance Action Plans. The guide aims at covering all the focal areas of the Sub-group (women-owned SMEs, SMEs in the agricultural sector, SMEs in LDCs); fed by a wide consultation process, it set out models and presented good practice for policy and legal reforms, financial infrastructure, and public interventions, thereby providing a roadmap for planning, assessing and implementing policy and legal measures to support SME access to finance and laying the groundwork for future country level engagement.



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Published by: IFC Access to Finance and Financial Markets on Dec 09, 2011
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SME Finane Poliy Guide
OctObEr 2011
 
© 2011 INTERNATIONAL FINANCE CORPORATION 2011. All rights reserved.
2121 Pennsylvania Avenue, N.W.Washingon, Dc 20433Inene: www.i.og
the maeial in his wok is opyighed. copying and/o ansmiing poions o all o his wokwihou pemission may e a violaion o appliale law. IFc enouages disseminaion o is wok andwill nomally gan pemission o epodue poions o he wok pomply, and when he epoduionis o eduaional and non-ommeial puposes, wihou a ee, suje o suh aiuions and noiesas we may easonaly euie.IFc does no guaanee he auay, eliailiy o ompleeness o he onen inluded in his wok,o o he onlusions o judgmens desied heein, and aeps no esponsiiliy o liailiy o anyomissions o eos (inluding, wihou limiaion, ypogaphial eos and ehnial eos) in heonen whasoeve o o eliane heeon. the oundaies, olos, denominaions, and oheinomaion shown on any map in his wok do no imply any judgmen on he pa o the Wold bankonening he legal saus o any eioy o he endosemen o aepane o suh oundaies. thendings, inepeaions, and onlusions epessed in his volume do no neessaily ee he viewso he Eeuive Dieos o the Wold bank o he govenmens hey epesen.the onens o his wok ae inended o geneal inomaional puposes only and ae no inended oonsiue legal, seuiies, o invesmen advie, an opinion egading he appopiaeness o anyinvesmen, o a soliiaion o any ype. IFc o is aliaes may have an invesmen in, povide oheadvie o sevies o, o ohewise have a nanial inees in, eain o he ompanies and paies(inluding named heein).All ohe ueies on ighs and lienses, inluding susidiay ighs, should e addessed o IFc’scopoae relaions Depamen, 2121 Pennsylvania Avenue, N.W., Washingon, D.c. 20433.Inenaional Finane copoaion is an inenaional oganizaion esalished y Ailes o Ageemenamong is meme ounies, and a meme o he Wold bank Goup. All names, logos andademaks ae he popey o IFc and you may no use any o suh maeials o any pupose wihouhe epess wien onsen o IFc. Addiionally, “Inenaional Finane copoaion” and “IFc” aeegiseed ademaks o IFc and ae poeed unde inenaional law.
 
1
G-20 SME FINANcE POLIcY GUIDE
tale o conens
Lis o Aeviaions 3Aknowledgemens 4Inoduion, cone 5A. Poliy Guide: Ojeives, Appliaion 7b. Aess o Finane o SMEs in Leas Developed counies (LDcs) 9c. Poliy Guide componens 10
Strategic Approach 10C.1. Regulatory and Supervisory Frameworks 14
c.1.1. role o regulaos 14c.1.2: basel II/III and SME Finane 18c.1.3: Enaling regulaoy Famewoks o Alenaive SME Finane Podus: Leasing, Faoing 20c.1.4. compeiion 22
C.2. Financial Inrastructure 25
c.2.1. Seued tansaions 26c.2.2. Insolveny regimes 29c.2.3: cedi Inomaion Sysems 31c.2.4: Paymen Sysems 36c.2.5: Euiy Invesmen 39c.2.6: Aouning and Audiing Sandads o SMEs 44
C.3 Public Sector Interventions 48
c.3.1: Sae banks 49c.3.2: Apees and Ohe Wholesale Funding Failiies 52c.3.3 Paial cedi Guaanee Shemes 55c.3.4 Govenmen Pouemen om SMEs 59c.3.5: SME capaiy, cediwohiness 61
C.4: Women and SME Finance 66C.5: Agrifnance or SMEs 68

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