Improving MSMEs access to external financing in low income countries: Is there a role for development cooperation?

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Résumé

This paper presents the salient factors that characterize important aspects of firms' access to external finance. Firm-level data show that micro, small and medium-sized enterprises (MSMEs) face more external financing constraints in Low Income Countries (LICs) than in their rich counterparts. We argue for a catalytic role that development cooperation can play in alleviating these constraints and discuss the critical policy issues as regards the effectiveness of these interventions.

langue originaleAnglais
Pages (de - à)9-28
Nombre de pages20
journalReflets et Perspectives de la Vie Economique
Volume55
Numéro de publication1
Les DOIs
Etat de la publicationPublié - 8 avr. 2016

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