Credit guarantees : challenging their role in improving access to finance in the Pacific Region

Cover -- Title -- Copyright -- Contents -- Abbreviations -- About The Pacific Private Sector Development Initiative -- 1 INTRODUCTION -- Secured Transactions: Solving the Problems of Collateral -- Questioning the Case for Credit Guarantees -- 2 THE CHALLENGES OF LENDING -- Revolutionizing business lending through secured transactions -- 3 GUARANTEES IN PRACTICE -- A Critique of the Rationale for Credit Guarantees -- Types of Credit Guarantees -- Coverage, Cost, and Risk Allocation -- The Inherent Risk of Guarantee Schemes -- 4 COULD GUARANTEES INCREASE BUSINESS CREDIT IN THE PACIFIC? -- Pacific Experience with Guarantees -- The Limits of Increasing Private Sector Credit in the Pacific through Guarantees -- 5 INTERNATIONAL EXPERIENCE WITH CREDIT GUARANTEE SCHEMES -- 6 TRADE CREDIT AND BUSINESS ENVIRONMENT REFORM FOR SMALL AND MEDIUM-SIZED ENTERPRISES -- Business Environment Reform and Small and Medium-Sized Enterprises -- Trade Credit: A Preferable Alternative to Guarantees -- 7 CONCLUSION -- Appendixes -- 1 Lending and Profitability Indicators for Seven Pacific Countries -- 2 Credit Guarantee Schemes in the Pacific -- REFERENCES.