February 2025
The Global SME Finance Forum, a cornerstone of the G20's Global Partnership for Financial Inclusion (GPFI), convened in 2024 to address the critical challenges facing small and medium-sized enterprises (SMEs). This international platform, uniting over 300 banks, financial institutions, fintechs, and development banks, is dedicated to driving SME growth, fostering financial inclusion, and supporting sustainable economic development.
The 2024 edition held in partnership with the Brazilian G20 Presidency, the Brazilian Ministry of Entrepreneurship, Microenterprise and Small Business (MEMP), and with the support of Brazil Development Bank (BNDES) and the Inter-American Development Bank (IDB), brought together a distinguished group of participants. Renowned speakers from the Monetary Authority of Singapore, the SME Finance Forum, Mastercard, IFC, DFC, and other leading institutions shared their insights and expertise on key themes such as AgriFinance and AgTech, Digital and Embedded Finance, Supply Chain Finance, Sustainable Finance, Women's Entrepreneurship, and Risk Mitigation and Credit Guarantee Schemes. These discussions underscored the Forum's commitment to addressing the diverse challenges SMEs face and promoting inclusive growth.
Aligned with the GPFI's objectives, the Forum explored innovative solutions to enhance SME access to finance, particularly in underserved markets. Participants discussed the transformative potential of fintech advancements, AI-driven solutions, and alternative data in empowering SMEs. By leveraging digital infrastructure and innovation, the Forum emphasised the importance of creating an enabling environment for sustainable SME growth.
Looking ahead, the Forum highlighted the transformative potential of AI, sustainability, and cutting-edge innovations in shaping the future of SME finance. By embracing digital technologies, improving data management practices, and committing to sustainability, SMEs and financial institutions can position themselves for continued growth and success. The Forum's efforts to foster collaboration, knowledge sharing, and policy advocacy will be instrumental in driving sustainable, inclusive economic development globally.