Loading

Addressing MSMEs’ Financing Challenges Through G20 Action

Priyadarshi Dash (Research and Information System for Developing Countries (RIS)), Rahul Ranjan (Research and Information System for Developing Countries)
This Policy Brief was first published in https://t20ind.org

Abstract

Financial challenges inhibit the growth, diversification, and sustainability of MSME sectors and are especially acute for informal MSMEs. Informality, information asymmetry, and lack of collateral restrict the financial choices of MSME firms. The solutions to such challenges include leveraging newly developed fintech platforms, cooperative models to address the informality issue, and digital tools to mitigate the adverse impact of information asymmetry. This Policy Brief presents a robust fintech model that would provide redressal for the financial difficulties faced by MSME units. The G20 should act proactively to deal with such difficulties faced by firms in G20 as well as non-G20 countries.

Authors

Priyadarshi Dash (Research and Information System for Developing Countries (RIS)), Rahul Ranjan (Research and Information System for Developing Countries)

Latest Policy Briefs

Register for Updates

Would you like to receive updates on the Global Solutions Initiative, upcoming events, G7 and G20-related developments and the future of multilateralism? Then subscribe here!

1 You hereby agree that the personal data provided may be used for the purpose of updates on the Global Solutions Initiative by the Global Solutions Initiative Foundation gemeinnützige GmbH. Your consent is revocable at any time (by e-mail to contact@global-solutions-initiative.org or to the contact data given in the imprint). The update is sent in accordance with the privacy policy and to advertise the Global Solutions Initiative’s own products and services.