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Sustainable economic development

Promoting small and medium-sized enterprises (SMEs)

Equity Bank in Embu, Kenya

In developing countries and emerging economies, 70 per cent of small and medium-sized enterprises (SMEs) have no access to financial services. That means they cannot make necessary investments. As in previous years, one focus of the G20 agenda during Germany's Presidency was on improving access to financial services for SMEs.

With a view to implementing the G20 Action Plan on SME Financing, the G20 countries therefore analysed their credit infrastructure for SMEs and identified reform needs. In addition, by improving their access to financial services, the G20 wants to provide SMEs with incentives to invest in sustainable production processes, thus facilitating their integration in sustainable global supply chains.

Furthermore, policy options have been developed to support climate adaptation efforts by rural SMEs and help them develop in ways that are environmentally sustainable.


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