Providing an Umbrella, Rain or Shine: Lessons for Latin America and the Caribbean from Korean Experiences in Productive Development Financing
Date issued
Oct 2015
Subject
Productivity;
Financial Service;
Small Business
JEL code
G20 - Financial Institutions and Services: General;
G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages;
G28 - Government Policy and Regulation;
L25 - Firm Performance: Size, Diversification, and Scope;
O16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance
Category
Discussion Papers
The small- and medium-sized enterprise financing system in Korea, which has as a standpoint the Industrial Bank of Korea, is a world-class example of a set of long-term policies and actions devoted to creating growth and development. Some of the experiences and lessons learned over time in the evolution of this system are used to derive recommendations for the Latin American and Caribbean region. Although current political and economic contexts are different among countries across the region, Korea's experiences are used to provide a set of recommendations for policymakers.