Synopsis:
The G20 GPFI Action Plan for MSME Financing addresses a persistent $5.7 trillion financing gap affecting micro, small, and medium enterprises globally—equivalent to 19% of GDP in emerging markets and developing economies. This gap significantly constrains job creation, innovation, and economic growth, making effective implementation of the Action Plan's framework critical for unlocking MSME potential worldwide.
The panel showcased how countries translated the Action Plan into practice, featuring real-world implementation experiences from developing economies. Panelists shared lessons learned from enabling environment reforms, targeted interventions, and innovative approaches to mobilize private capital for MSME financing. Discussions provided practical insights on policy prioritization, implementation challenges, measurable impacts achieved, and differentiated strategies for supporting women-owned and youth-led businesses.
Speakers:
Daniel Lauchenauer, Head of Cooperation, Embassy of Switzerland in South Africa
Mohammed Bajodah, Head, Financial Inclusion, Saudi Central Bank (SAMA)
Nontobeko Lubisi, Director, Financial Inclusion, National Treasury of South Africa
Moderator:
Ghada Teima, Principal Operations Officer, International Finance Corporation