Assessing Implementation of the Principles for Public Credit Guarantees for SMEs : A Global Survey
This paper presents evidence on implementation of the World Bank Group and Financial Sector Reform and Strengthening Initiative "Principles for Public Credit Guarantee Schemes for Small and Medium Enterprises". The evidence is based on a...
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| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/07/26584618/assessing-implementation-principles-public-credit-guarantees-smes-global-survey http://hdl.handle.net/10986/24834 |
| Summary: | This paper presents evidence on
implementation of the World Bank Group and Financial Sector
Reform and Strengthening Initiative "Principles for
Public Credit Guarantee Schemes for Small and Medium
Enterprises". The evidence is based on a
self-assessment of 60 schemes in 54 countries. Overall, the
results show a fairly decent level of implementation of the
Principles, especially in the areas of legal and regulatory
framework, mandate and eligibility rules, and claim
management process. The results also show several gaps where
reform and actions may be warranted, namely identification
and accountability of funding sources, corporate governance
and risk management, prudential regulatory recognition of
guarantees, program/product calibration, and reporting and disclosure. |
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