Publications

Publications

Capital Markets and SMEs in Emerging Markets and Developing Economies - Cover

Capital Markets and SMEs in Emerging Markets and Developing Economies

This report, prepared by the World Bank, seeks to enhance practitioners’ understanding of the potential role that capital markets can have in SME financing in EMDEs. The report reviews global experiences with the use of capital markets solutions and, more generally, of market-based solutions to expand SME financing with a view to identifying key preconditions and challenges for EMDEs implementing the solutions. It looks at platform-based solutions (equity crowdfunding, lending, and receivable platforms), fund solutions (receivable and loan funds) and securities offering solutions (equity and bond issuances by SMEs associated with SME exchanges and platforms).