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Small and medium-sized enterprises (SMEs) are key contributors to economic growth and job creation. The current economic and financial crisis has reduced bank lending and has affected SMEs in particular. Capital markets will have to play a bigger role in financing SMEs in order to make them more resilient to financial shocks. This article reviews the spectrum of alternative market-based debt instruments for SME financing.
English, PDF, 302kb
More than half a decade has passed since the most significant economic crisis of our lifetimes and a plethora of different interpretations has been offered about its origins. This paper consolidates the stylised facts put forward so far into a concise and coherent meta-narrative.
The NEPAD-OECD Africa Investment Initiative aims to strengthen the capacity of African countries to design and implement reforms that improve their business climate and raise the profile of Africa as an investment destination.
This report provides recommendations on the design and implementation of a new investment promotion strategy for the Government of Chile. The work took place in a context of a series of investment policy related reforms in Chile, which finds itself needing a modern investment promotion strategy and instruments, particularly as its competitors for foreign direct investment are sharpening their investment promotion.
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Infrastructure investment in Indonesia was seriously impaired by the 1997 Asian financial crisis. Indonesia plans to increase investment sharply through both public spending and private finance. Yet, Indonesia lacks suitable long-term investment vehicles and capital markets are still developing.
International investment is one of the main drivers of globalisation so sound policies towards investment are vital for world prosperity and stability. The OECD works with regions and economies around the world to help improve the investment climate.
This report evaluates the corporate governance framework for the Latvian state-owned enterprise sector relative to the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report was prepared at the request of the Republic of Latvia. It is based on a review involving all OECD countries.