Best Practices in the Operation of Partial Credit Guarantee Schemes : Guide for Policy Makers
Financial inclusion, particularly for small and medium enterprises (SMEs), is widely recognized as a key driver of economic growth and job creation in all economies. SMEs represent a significant part of the world economy and are one of the stronges...
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| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/949311612953537597/Guide-for-Policy-Makers http://hdl.handle.net/10986/35170 |
| Summary: | Financial inclusion, particularly for
small and medium enterprises (SMEs), is widely recognized as
a key driver of economic growth and job creation in all
economies. SMEs represent a significant part of the world
economy and are one of the strongest drivers of economic
development, innovation, and employment, since most formal
jobs in emerging markets are SME jobs. Given that the global
economy needs to generate six hundred million new jobs by
2030, SME development has become a high priority for many
governments in both developing and developed economies.
Access to finance remains one of the key constraints to the
growth of SMEs. As part of the technical cooperation program
agreement with the Saudi government, the World Bank Group
(WBG) team has been working with the management and staff of
the Kafalah partial credit guarantee scheme (PCGS) to
provide technical assistance to strengthen Kafalah’s
operations, introduce products innovations, and integrate
global best practices. This policy note summarizes best
practices on various topics of interest to Kafalah that the
WBG provided during 2018-2020. |
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