G20 Action Plan on SME Financing: Joint Action Plan of G20 GPFI SME Finance Sub-Group and IIWG

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Small and medium-sized enterprises (SMEs) play a crucial role for employment, job creation, investment, innovation and economic growth around the world. They account for about 90% of businesses and more than 50% of employment worldwide, and are therefore crucial for the recovery of the world’s economy. Considering this important role, it is critical to ensure that viable SMEs around the world have access to the credit they need to expand.

This G20 Action Plan on SME Financing, endorsed by the G20 Leaders in November 2015 in Antalya, outlines actions on financial market infrastructure reform in G20 countries and on a continued knowledge agenda.