Publications

Publications

Addressing SME Financing Impediments in Europe: A Review of Recent Initiatives

Addressing SME Financing Impediments in Europe: A Review of Recent Initiatives

Small and medium-sized enterprises (SMEs), the backbone of the European economy, were particularly vulnerable to the crisis in Europe due to their dependence on domestic markets and bank lending. Supporting the growth and financial health of SMEs requires addressing several sets of impediments, identified in Restoring Financing and Growth to Europe’s SMEs. This report updates developments concerning SME financing in Europe and highlights recent initiatives launched to address these sets of impediments.

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