Principles for Public Credit Guarantee Schemes (CGSs) for
2020-8-18u2002·u2002Credit markets for small and medium size enterprises (SMEs) are characterized by market failures and imperfections. Up to 68% of formal SMEs in emerging markets are either unserved or underserved by financial institutions, with a resulting credit gap estimated to be close to $1 trillion.. Public credit guarantee schemes (CGSs) are a common form of government intervention to unlock finance for ...
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