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Lending to SMEs improving but demand for credit and financial knowledge remains weak, says OECD report

Lending to SMEs improving but demand for credit and financial knowledge remains weak, says OECD report

A new OECD report on SME financing in 39 countries around the world suggests that while lending to SMEs is improving, a stronger economic recovery is being held back in part by demand-side barriers – such as low demand for credit and small business people’s lack of financial knowledge.

The Organisation for Economic Co-operation and Development (OECD) report – “Financing SMEs and Entrepreneurs 2017: An OECD Scoreboard” – is now in its sixth edition. It provides a comprehensive view across 39 countries of various aspects of financing for small and medium enterprises (SMEs), including lending to SMEs, debt, asset-based finance, equity, solvency, and government policies.

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