Tradecast – 15th October – Count us in! MSME inclusion in global trade

Micro, Small and Medium Enterprises (MSMEs) are one of the strongest drivers of economic development, innovation and employment. Access to finance is often identified as a critical barrier to growth for MSMEs. Creating opportunities for MSMEs in emerging markets is key to advancing economic development and reducing poverty. 

However, there is an MSME financing gap, to the magnitude of over $5 trillion USD. Some 200 million businesses worldwide need financing to invest, grow and create new jobs, and they account for 9 out of 10 businesses, half of global GDP, and two-thirds of jobs worldwide.

Added to this, countries have taken unprecedented and drastic measures to contain the spread of the Covid-19 pandemic by restricting the physical movement of goods and people, disrupting millions of MSMEs around the world.

How can governments, policy makers, financiers and business come together to better support all members of the global supply chain, especially MSMEs? How can digitization open the global marketplace for organizations large and small and start to address historic barriers to dynamic trading relationships and essential capital for MSMEs?