Join us for an insightful webinar on April 2nd, 2025, at 8:30 AM EST as we officially release the G20 Global Partnership for Financial Inclusion (GPFI) Action Plan for Micro, Small, and Medium Enterprise Financing. This action plan provides a comprehensive framework for policymakers to prioritize, design, and implement policies aimed at closing the MSME financing gap. 

The G20 Global Partnership for Financial Inclusion (GPFI) has developed an Action Plan to address the persistent credit gap affecting Micro, Small, and Medium Enterprises (MSMEs). This gap, estimated at 19% of GDP in emerging markets and developing economies (EMDEs) as of 2019, poses significant challenges to MSME growth and resilience. The Action Plan aims to create a robust enabling environment for MSME financing by addressing market failures and frictions that hinder access to finance. 

Objective 

The objective of this webinar is to provide insights into the G20 GPFI Action Plan for MSME Financing and to discuss the policy actions required to close the financing gap for MSMEs. The webinar will focus on addressing the barriers that hinder access to finance for MSMEs and the necessary reforms to build a more robust financial ecosystem.  

The Report is a call to action for G20 and non G20 governments to intensify their efforts to close the SME financing gap given the potential impact on productivity, job creation and achieving the sustainable development goals. Countries worldwide can use this Action Plan voluntarily as a framework for policy prioritization, design, and implementation. 

The Action Plan calls for policymakers to prioritize improvements in the enabling environment for SME financing, as these actions carry limited fiscal costs but could bring sizable benefits. Policymakers should build the core enabling environment that can support the expansion of debt financing, including alternative lenders, as well as equity financing, and the use of financial technology, while mitigating additional risks. In addition, the Action Plan calls for policymakers to improve the effectiveness of the targeted financial interventions they deploy to support SME financing, by adopting an evidence driven approach for their design and implementation and imbedding private capital mobilization as a key objective.  

In both cases, the Action Plan proposes a common set of voluntary and nonbinding policy actions that governments in HICs and EMDEs can use to identify key areas for reform, while mindful of their own country context. The Plan highlights where a differentiated approach might be needed considering the level of development of the countries, or the size of the firm (micro or small and medium enterprises). 

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