Small and medium-sized enterprises (SMEs) are an essential part of a dynamic and healthy economy. Their increase in number and growth advances competition and strengthens the entrepreneurial ecosystem, with a positive and significant impact on innovation and aggregate productivity. SMEs represent close to 90% of the companies in a typical Latin American or Caribbean country and … [Read more...] about SMEs and the Challenge to Export
The year 2016 marked a time of new beginnings, rapid changes and uncertainty. This is especially true in Latin America and the Caribbean’s private sector. Looking back, we see three trends that impacted the year and will define what is to come. … [Read more...] about Three trends to impact business in 2017
Across emerging markets, access to finance is one of the largest barriers to success for private enterprises. Business leaders cite scarcity of credit as their main concern for growth, outweighing issues like corruption, tax and political instability. … [Read more...] about Why does the private sector need capital markets?
By Greg Da Re Access to financing has been and continues to be the main obstacle facing small and medium-sized enterprises (SMEs). According to a recent survey, 90% of all banks surveyed in Latin America and the Caribbean consider SMEs strategically important for their business, yet 44% acknowledge that their portfolio lacks suitable financial products for such enterprises. … [Read more...] about Five reasons FinTech companies are an opportunity for financial institutions and SMEs
Can Latin America and the Caribbean (LAC) be inspired by the the German “Mittelstand”? In Germany, the “Mittelstand,” or small and medium enterprise (SME) sector, is thriving. A conference last week in Stuggart, Germany, hosted by the Federation of German Industries (Bundesverband der Deutschen Industrie e. V.), an umbrella association that represents sector associations, … [Read more...] about Three lessons from the German “Mittelstand”