Sommer, Christoph - German Institute of Development and Sustainability - 2024
development is often hampered by constrained access to finance. SMEs mostly depend on bank loans for external finance. However … explore other financing sources. The World Bank and OECD have repeatedly pointed to capital markets (e.g. Thompson et al …., 2018; World Bank, 2020a). Hence, this policy brief explores the role of capital markets for SME finance in LMICs. Numerous …