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dc.titleAccess to Finance for MSMEs in Belize: Challenges and Opportunities
dc.contributor.authorLeslie, Winsome J.
dc.contributor.authorDeza, María Cecilia
dc.contributor.authorMcmillan, Ian Michael
dc.contributor.authorAndrade, Gabriela
dc.contributor.authorZárate Moreno, Ana María
dc.contributor.orgunitCountry Department Central America, Haiti, Mexico, Panama and the Dominican Republic
dc.contributor.orgunitCountry Office in Belize
dc.coverageBelize
dc.coverageCentral America
dc.date.available2024-05-24T00:05:00
dc.date.issue2024-05-24T00:05:00
dc.description.abstractBelize has grown significantly in the post-pandemic era, but achieving sustainable and robust growth requires structural reforms to enhance private investment as an engine for growth. The expansion of entrepreneurship and the Micro, Small and Medium-sized firms (MSMEs) base have been a result of the transformation of the Belizean economy in the last decades. While MSMEs have the potential to boost productivity and sustainable growth if they are given the conditions to expand, at the same time MSMEs in Belize face several challenges that impact on the mortality rate of businesses. Constraints to access to productive financing is found to be a key factor behind a business closure. This document analyzes the factors of the ecosystem that influence the supply and the demand for financing for MSMEs and provides recommendations to unlock the MSMEs' potential through increased access to finance.
dc.format.extent42
dc.identifier.doihttp://dx.doi.org/10.18235/0012985
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Access-to-Finance-for-MSMEs-in-Belize-Challenges-and-Opportunities.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectAccess to Finance
dc.subjectSmall Business
dc.subjectFinancial Inclusion
dc.subjectFinance
dc.subjectBank Loan
dc.subjectSmall Business Financing
dc.subjectInnovation
dc.subjectCoronavirus
dc.subjectPandemics
dc.subjectEntrepreneurship
dc.subjectSmall Business Growth
dc.subject.jelcodeG21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages
dc.subject.jelcodeG23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors
dc.subject.jelcodeO16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance
dc.subject.jelcodeO17 - Formal and Informal Sectors • Shadow Economy • Institutional Arrangements
dc.subject.keywordsaccess to finance;Small Business;financial inclusion;financial institutions;MSMEs (Micro,Small and Medium Enterprises;Coronavirus;innovation;entrepreneurship
dc.typeDiscussion Papers
idb.identifier.pubnumberIDB-DP-01054
idb.operationRG-T3474
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