View metadata

dc.titleMSME Financing Instruments in Latin America and the Caribbean During COVID-19
dc.contributor.authorHerrera, Diego
dc.contributor.orgunitConnectivity, Markets and Finance Division
dc.coverageLatin America and the Caribbean
dc.date.available2020-05-15T00:00:00
dc.date.issue2020-05-15T00:00:00
dc.description.abstractMicro, small and medium-sized enterprises (MSMEs) comprise 99.5 percent of the businesses, 60 percent of the employed population, and about 25 percent of the gross domestic product (GDP) in Latin America and the Caribbean (LAC). Despite their social and economic importance, MSMEs have had great difficulty accessing credit, even before the COVID-19 pandemic struck the world. This paper analyzes access to finance for MSMEs in LAC. It also surveys the theoretical and empirical literature on access to finance in times of economic and financial crisis, discusses an approach to insolvency in the region, and provides policy recommendations for monetary and financial measures in the context of the pandemic. A summary of monetary and fiscal measures in LAC and Organisation for Economic Co-operation and Development (OECD) countries is included as an annex to the document.
dc.format.extent47
dc.identifier.doihttp://dx.doi.org/10.18235/0002361
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/MSME-Financing-Instruments-in-Latin-America-and-the-Caribbean-During-COVID-19.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Instrumentos-de-financiamiento-para-las-micro-pequenas-y-medianas-empresas-en-America-Latina-y-el-Caribe-durante-el-Covid-19.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectMicrofinance
dc.subjectFinancial Risk
dc.subjectCredit
dc.subjectAccess to Finance
dc.subjectLoan Operation
dc.subjectFinancial Crisis
dc.subjectFinancial System
dc.subjectFinancial Market
dc.subjectFinancial Service
dc.subjectMortgage Market
dc.subjectCoronavirus
dc.subjectPandemics
dc.subjectCorporate Bankruptcy
dc.subjectSmall Business Financing
dc.subject.jelcodeG21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages
dc.subject.jelcodeG38 - Government Policy and Regulation
dc.subject.jelcodeG32 - Financing Policy • Financial Risk and Risk Management • Capital and Ownership Structure • Value of Firms • Goodwill
dc.subject.jelcodeG33 - Bankruptcy • Liquidation
dc.subject.jelcodeP43 - Public Economics • Financial Economics
dc.subject.keywordsBanks;bankruptcy andliquidation;capital and ownershipstructure;depository institutions;financial economics;financingpolicy;financial risk and riskmanagement;goodwill;government policy andregulation;microfinanceinstitutions;mortgages;publiceconomics;value of firms
dc.typeDiscussion Papers
idb.identifier.pubnumberIDB-DP-00771
idb.operationRG-T3280
Return to Publication