LEADER 03233cam a22003855i 4500001 99131234922206421 005 20180416162019.0 006 m d 007 cr cn||||||||| 008 020129s2017 dcu o i00 0 eng^^ 024 7 10.1596/28881 |2doi 035 (CKB)4920000001212429 035 (The World Bank)28881 035 (US-djbf)28881 035 (EXLCZ)994920000001212429 040 DJBF |beng |cDJBF |erda 110 2 International Finance Corporation. 245 10 MSME Finance Gap : |bAssessment of the Shortfalls and Opportunities in Financing Micro, Small, and Medium Enterprises in Emerging Markets. 246 MSME Finance Gap 264 1 Washington, D.C. : |bThe World Bank, |c2017. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Other papers 520 3 As in most economies, micro, small, and medium enterprises (MSMEs) in emerging markets are widely believed to be the engine of growth across. Over the last decade, many researchers and academics have tried to analyze the issue of MSME access to finance, emphasizing their dependence on credit and cash flows. This study presents a new approach to the estimation of the unmet demand for financing from MSMEs in developing countries. Importantly, it also describes the potential implications for the public-sector bodies, private sector financial institutions, and technology providers. The present research adds significant value to the repository of data in the MSME space, and opens new opportunities for further investigation. It estimates both supply of and demand for MSME finance on a global scale, which has never been done in a comprehensive way. This approach estimates MSME equilibrium lending in developed economies according to the industry, age, and size categories, and applies this benchmark to MSMEs in developing countries. It estimates the MSME finance gap as the difference between current supply and potential demand which can potentially be addressed by financial institutions. This report is divided into five sections. The first section reviews the literature about financing MSMEs. The second section describes the methodology of the present research, data sources, and the model specification. The third section analyzes the results of the finance gap estimation, including regional comparisons, formal, and informal MSME sector results, and gender disaggregated statistics. The fourth section elaborates on the implications of the finance gap for the public sector, including government agencies and multilateral organizations and lending institutions. Finally, the fifth section highlights implications for the private sector, including banks and non-bank financial institutions, as well as financial technology companies. 650 4 Access to Finance 650 4 Finance and Development 650 4 Finance and Financial Sector Development 650 4 Gender 650 4 Gender and Economic Policy 650 4 Microenterprises 650 4 Private Sector Development 650 4 Small and Medium Size Enterprises 710 2 International Finance Corporation. 830 0 Other papers. 830 0 World Bank e-Library. 906 BOOK