When the COVID-19 pandemic struck in early 2020, Uruguay’s micro, small, and medium-sized enterprises (MSMEs) faced an existential crisis. Representing over 99% of private sector firms and employing more than two-thirds of the workforce, these businesses were hit hard by plummeting demand and mobility restrictions[1]. In response, the Inter-American Development Bank (IDB) … [Read more...] about Credit Instruments in Action: How Uruguay Protected Its MSMEs During COVID-19
MSMEs
Do Productive Development Policies Work for Micro, Small, and Medium Enterprises?
By Lucas Figal Garone Micro, small, and medium enterprises (MSMEs) in Argentina accounted for more than half of the gross domestic product (GDP) and three-quarters of all jobs in the second half of the 2000s. However, evidence suggests that market and coordination failures have threatened the productive potential of these firms. Among the many challenges faced by … [Read more...] about Do Productive Development Policies Work for Micro, Small, and Medium Enterprises?
Lending and Green Financing for Small Businesses in Colombia
By José Juan Gomes, Álvaro Concha, María Netto Nearly all of the estimated 1.6 million businesses in Colombia are micro, small, or medium-sized enterprises (MSMEs). Across the board, if you ask owners of these firms what the biggest challenge is to grow their businesses, the answer is almost unanimous: access to credit. Growth of MSMEs is critical to the Colombian economy … [Read more...] about Lending and Green Financing for Small Businesses in Colombia