Unlocking Sources of Global Growth: SMEs

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Small and Medium Enterprises (SMEs) represent about 90% of businesses and more than 50% of employment worldwide, accounting for the majority of businesses worldwide.   They are important contributors to job creation and global economic development.

Formal SMEs contribute up to 40% of national income (GDP) in emerging economies.  SMEs also play a major role in most economies, particularly in developing countries. 

A key area of the World Bank Group’s work is to improve SMEs’ access to finance and find innovative solutions to unlock sources of capital.  Learn the results of their work.

from The Global Small Business Blog https://ift.tt/36hcZor