The speed and severity of the economic downturn has been far greater than the last recession, in 2008–09. The IMF forecasts that world GDP will shrink by almost 5% this year. Growth is coming back as the lockdown eases.
TFG heard from IFC’s Qamar Saleem on the impact of Supply Chain Finance on domestic banks (and in turn, MSMEs,) in emerging and developing markets.
TFG heard from ICC’s Secretary General John Denton and talked about actions needed from governments, private sector leaders and international institutions to ensure the continued viability of our MSMEs.
TFG caught up with IFC’s SME Finance Forum CEO, Matt Gamser on MSME’s importance in real-world economic growth, job creation, and innovation.