It is a pleasure to be here today to launch the 2017 OECD Scoreboard on Financing SMEs and Entrepreneurs. It is an honour to welcome Minister Padoan, an old friend of the OECD, here at our Washington Centre. And it is a very timely moment to take a closer look at the issue of SME finance.
Financing SMEs and Entrepreneurs 2017 provides information on debt, equity, asset-based finance, and framework conditions for SME and entrepreneurship finance, complemented with an overview of recent policy measures to support access to finance in 39 countries. The sixth instalment of this annual publication provides a solid evidence base to improve SME policy making. Almost a decade after the financial crisis, the financing situation of SMEs and entrepreneurs has generally improved in 2015 and the first half of 2016 in most participating countries, and indicates a more favourable business environment. While alternative sources of financing are gaining some traction, SMEs nevertheless remain very reliant on bank lending, making them vulnerable to credit market conditions and the economic climate.
Organised by GOV, CFE participated in the 2017 OECD Global Anti-corruption & Integrity Forum 30-31 march 2017. The session Anti-Corruption Strategies for Small and Medium-sized Enterprises.
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The OECD Working Party on SMEs and Entrepreneurship (WPSMEE) project on “New approaches to SME and entrepreneurship finance: broadening the range of instruments” aims to help broaden the finance options available to SMEs and entrepreneurs.
The OECD Centre for Entrepreneurship, SMEs and Local Development is pleased to invite you to a seminar to present and discuss the World Bank Flagship report “Latin American Entrepreneurs: Many Firms but Little Innovation”, featuring Julián Messina, Senior Economist, World Bank Latin American and Caribbean Studies.
Now all governments realise why SMEs and entrepreneurship matter: because they are the sources of new jobs.
Access to finance remains a key challenge for small and medium-sized enterprises and a stumbling block to recovery in most countries, according to a new OECD report.
Small and medium-sized businesses (SMEs) requesting loans between 2007 and 2010 faced higher interest rates than for large companies. Loan conditions for SMEs included shortened maturities and increased demands for collateral, suggesting that banks considered smaller firms to be a higher risk.
On the occasion of the 41st Session of the Working Party on SMEs and Entrepreneurship (WPSMEE), the OECD and the G20 are organising a special event on SME finance.
The aim of the study is to gain a better understanding of the barriers to internationalisation (defined as those constraints that hinder the firm’s ability to initiate, to develop, or to sustain business operations.