Peru - Developing New Structured Financial Products to Channel Savings Towards Small and Medium Enterprises (SMEs) Growth
The objective of this study is to contribute to the development of new structured financial products in Peru, in particular as means to address the problems of access to finance faced by underserved segments such as Small and Medium Enterprises (SM...
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| Language: | English |
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World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000350881_20090429132730 http://hdl.handle.net/10986/3039 |
| Summary: | The objective of this study is to
contribute to the development of new structured financial
products in Peru, in particular as means to address the
problems of access to finance faced by underserved segments
such as Small and Medium Enterprises (SMEs). This document
reviews how structured financial products can provide an
alternative channel for SMEs to access the market.
Additionally it provides suggestions regarding policy issues
aimed at improving the market environment. The study
concludes that: (i) one way to effectively address Peruvian
SMEs credit constraints, particularly with respect to longer
term financing, is the use of structured products and (ii)
although the Peruvian capital markets regulatory framework
regarding securitization has become more flexible in recent
years, and despite being one of the least restrictive in the
region, it still shows significant weaknesses. |
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