Policy instruments to improve MSMEs access to external financing
Micro, small and medium-sized enterprises (MSMEs) are often praised for their important role as the drivers of economic activity. However, MSMEs often face external financing constraints that undermine their growth and hence potentially limit their welfare impacts. As such, public intervention has been used to alleviate the financing constraints facing MSMEs in both advanced and poor countries. (download) |
R. Houssa |
P. Reding |
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