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What's happening in the missing middle? : lessons from financing SMEs (Английский)

Small and medium enterprises (SMEs) are the economic backbone of virtually every economy in the world. SMEs represent more than 95 percent of registered firms worldwide, account for more than 50 percent of jobs, and contribute more than 35 percent of Gross Domestic Product (GDP) in many emerging markets. Yet despite their vital role in almost every economy in the world, these enterprises remain significantly underserved by financial institutions...
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